The McGrath Report 2023
The Australian property market soared in 2022 with a post-pandemic boom which brought about house price growth not seen since the 1980’s. This created phenomenal new wealth for Australian homeowners, and for the first time, we’ve seen this play out in equal measure across the cities and regions.
In 2023, rising interest rates and inflation have taken some exuberance out of the property market, with buyers now less inclined to outbid competitors by large margins at auction.
As we look ahead and crystal ball what might happen as a result of changing market conditions, is there an opportunity in the midst of what feels like chaos for astute sellers and buyers to invest smart money?
Download your copy of The McGrath Report 2023 now to find out.
What you will find in The McGrath Report 2023
- Four key property market trends
- Analysis of the residential property market in Sydney and surrounds, Melbourne and surrounds, Brisbane and surrounds, the ACT and Tasmania
- John McGrath’s property hotspots and top picks for the:
- Sydney property market
- Melbourne property market
- Brisbane property market
- Canberra property market
- Tasmania property market
Enter your details below to get your free online copy of The McGrath Report 2024 & John McGrath’s top suburb picks.
Property Market Trend 1
Has COVID-19 Redesigned the home?
One of the strongest influences on residential design has been the concern about health and hygiene. So it was perhaps inevitable that COVID-19 would leave its mark on residential design.
While a desk space in the corner of a bedroom or working from the dining room table sufficed in the early days of the pandemic, two years on homeowners are looking for long-term solutions.
To help us unpack the upcoming design trends we talked to Adam Haddow, Director of award-winning architecture and design studio SJB, who has first-hand experience in what homeowners need in a post pandemic home.
Property Market Trend 2
Is Australia’s place in the sun set to rise?
The sudden absence of new migrants, international students and foreign investors due to COVID-19 border closures shone a light on just how important these groups are to the economy.
With the borders now open Australia is seeing a return of overseas migration and the subsequent demand for housing. So where is the opportunity for home buyers and property investors?
Here we examine the return of key demographics to the Australian property market and what affect experts are predicting this will have on key markets across the Eastern States of Australia.
Property Market Trend 3
Fringe benefits: Why your neighbouring suburb could be the better buy
The pandemic property boom across metropolitan and regional areas has put bridesmaid suburbs into focus, as more buyers widen their search to incorporate more affordable neighbouring areas on the fringes of their desired suburb.
We talk to Corelogic who explain the market conditions and value of neighbouring suburbs and what the opportunities are for buyers and sellers.
Property Market Trend 4
From the Beach to the Bush. Are we seeing a postcode shift?
Whether it’s beach or bush, Australians are increasingly moving away from capital cities. The latest Australian Bureau of Statistics (ABS) figures show that for the 2020-21 financial year populations across regional Australia grew by 70,900, while the number of people living in capital cities decreased by 26,000.
A deeper dive into the data shows that the ‘beach first’ mentality is shifting as many home buyers find better value for money in Australia’s inland regions. Where do you think people are heading for a treechange?
Sydney Property market & Surrounds
Two years of phenomenal capital gains have changed the lives of Sydney homeowners, with the median house price rising 33% over 2020 and 2021.
However, as the Sydney market cools, what should homeowners expect?
Here we explore current market performance against historical trends to guide us on what is to come in the future.
Plus, find out the suburbs John McGrath sees as the top picks for people on the hunt for property market across Sydney and surrounds.
Melbourne Property market & Surrounds
Melbourne soared with post-pandemic optimism in the opening months of 2022 as it continued its strong comeback from Australia’s longest lockdowns.
Homeowners made up for lost time with an abundance of listed properties hitting the market. But what impact did this have on the property market when property prices began to stabilize in 2022?
Here we explore what is ahead for both Melbourne and regional Victoria and how the Government is set to help reinvigorate not only the CBD but support the growing demands for regional treechange living. Be sure to read the top suburb picks from John McGrath.
Brisbane Property market & Surrounds
The property market in south east Queensland might be cooling, but like the climate, experts say it won’t be chilly for long.
We explore how infrastructure projects and steady population growth are underpinning the property market recovery and what this means for property buyers and sellers in the coming years and months.
For those still after a good buy, don’t wait long. Be sure to check out John McGrath’s top suburb picks for where’s hot.
Canberra Property market & Surrounds
Three years of consistent growth has led to Canberra decoupling from the smaller capital cities to join Sydney and Melbourne as Australia’s most valuable property markets.
But are homeowners ready to weather the economic challenges ahead? We take a look at what the opportunity is for future growth and how this will affect investors, buyers and sellers.
To find out more, as well as the suburbs John McGrath sees as the top picks for people looking to buy, get your copy now.
Tasmania Property Market
After flying under the radar, the past decade has seen Tasmania become a sought-after cultural and lifestyle destination, riding a wave of economic and property prosperity.
In property terms, 2021 was a record-breaking year for the Apple Isle, with property values dominating the country’s growth performance with dwelling values rising almost 30% in the 12 months to November 30.
And as it emerges from some of the toughest COVID restrictions in Australia fuelled by generous State Government fiscal policies and monetary support, will we see Tasmania continue to flourish as the economists predict?
To find out more on this, as well as the suburbs John McGrath sees as the top picks for people looking for an astute buy in the market, gets your copy now.