John McGrath – Rising market confidence driving high auction clearance rates
We’ve seen remarkably strong clearance rates over the first few weekends of auctions this Autumn season, with robust demand and a continuing tight supply of homes for sale in many markets says John McGrath, Chief Executive Officer of McGrath Estate Agents.
Property values in Australia’s combined regions are outperforming the combined capital cities despite the normalisation of internal migration trends, affordability challenges and a reduction in borrowing capacity amid higher interest rates, said Tim Lawless CoreLogic Research Director.
Gap widens between house and unit values - CoreLogic
Suburbs with the largest and smallest house premium revealed Underlying land value, scarcity factor and desire for more space through the pandemic has led to a substantially larger rise in house values relative to unit values over the past four years reveals, Tim Lawless CoreLogic research...
McGrath has announced Underlying EBITDA of $4.8 million for the first half at the top end of the range2 of the trading update provided in November 2023 – a 42% increase over previous corresponding period.
John McGrath – The trends driving regional property price growth
I can see many lifestyle areas performing as well or better than their city counterparts over the next decade. This capital growth will be driven by two main trends, says John McGrath, Chief Executive Officer of McGrath Estate Agents.
CoreLogic: 2,044 auctions held the highest volume of auctions so far this year
Demand from buyers has kept pace with the pick-up in activity, with the preliminary clearance rate coming in at 75.4%, down slightly from last week (76.2% which revised to 70.3% on final numbers), said CoreLogic research director, Tim Lawless.
