John McGrath – A market wrap & what’s in store for FY24
According to John McGrath, Chief Executive Officer of McGrath Estate Agents, Australian home values are returning to growth much earlier than expected despite continually increasing interest rates.
McGrath appoints Michael Murray as Head of Company Sales
McGrath Estate Agents today announced that Michael Murray has been appointed Head of Company Sales for the group with a clear mandate to grow overall agent numbers, productivity and marketshare.
McGrath Limited (ASX: MEA) today announced it has entered into a transaction that will deliver enhanced scale and optimisation of its Oxygen home loan business (“Oxygen”).
Unit market outperformed houses in weekend auction
This week saw auction volumes increase across the combined capital cities, with 1,907 homes taken to market returning a preliminary clearance rate of 59.1 per cent.
There were 1,692 homes taken to auction across the combined capital cities this week, returning a preliminary auction clearance rate of 56.7 per cent, making it the busiest week for auctions since the week ending 24 June 2018.
McGrath secures 'strategic' investment by Aqualand
Chinese-backed developer Aqualand is set to acquire a 15 per cent stake in the ASX-listed McGrath real estate group, a major coup for the new chief executive Geoff Lucas.
Melbourne family homes have the fastest growing prices in the country
New data from the REIV shows three and four-bedroom homes in middle-ring suburbs are the fastest growing property type in Melbourne, which itself is the fastest growing market in the country.
