Sales volumes in Australia have risen as buyers get used to high interest rates and the fear of missing out (FOMO) compels them to purchase before home values escalate further. By John McGrath, Chief Executive Officer of McGrath Estate Agents.
Profitability reigns as property gains hit 14-year high
Australian property resales reached their highest rate of profitability since July 2010 in the first quarter of the year says CoreLogic’s Head of Research Eliza Owen.
John McGrath –With falling rates overseas, when will the RBA cut rates here?
Australian property continues to defy historical trends, with home values still rising in most capital city and regional markets despite today’s high interest rates.
