John McGrath market commentary

Rents are barely rising at a national level, and are even starting to fall in some capital cities, providing relief for tenants after several years of very strong price growth amid historically low vacancy rates says John McGrath, McGrath Estate Agents CEO.

The theory that Winter is a bad time of year to sell is a myth that has persisted for as long as I’ve been around in real estate says John McGrath.

A rising number of Australians are setting up self-managed superannuation funds (SMSFs), and the opportunity to buy property appears to be a key driver of this trend says John McGrath.

People leaving the capital cities for regional areas are predominately choosing to move to regional NSW, Queensland and Victoria, with the Sunshine Coast and Gold Coast the most favoured destinations today, according to new figures published by the Regional Australia Institute (RAI).

We see a backlog of new sales campaigns being launched in the first week back after school holidays. The backlog is created by agents delaying the commencement of campaigns until after the school break.