Global Power | Local Knowledge | Uniquely Personal
All Articles News FAQs Videos
中文

Property market 'will resume growth in spring'

Growth will resume in the Australian property market over the spring season, an expert has claimed.

The Australian property market will resume growth in spring, an expert in the market has claimed.

John McGrath, of McGrath Real Estate Agents, explained in his most recent blog that the market experienced a plateau over winter, with average clearance rates dropping but remaining at a "healthy level" of 60 per cent.

Titled Spring Property Market Review, the blog goes on to state that real estate markets rarely grow in a straight line.

"Plateauing interest rates will re-energise the sub-$2 million (£1.21 million) market this spring," Mr McGrath continued.

"An improving share market may prompt new activity in the $2 million - $4 million bracket with patchy growth above $4 million (£2.4 million) for the time being," he added.

His views support those voiced recently by SQM Research founder Louis Christopher, who suggested to smartcompany.com.au that more buyers are likely to enter the market in Australia's up-and-coming spring season.

Posted by Steve Douglas 

- growth, demand, sales, spring, property

DISCLAIMER: All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

COPYRIGHT: All information provided is protected by international copyright laws. You may not copy, reproduce, distribute, publish, display, perform, modify, create derivative works, transmit, or in any way exploit any such content, nor may you distribute any part of this content over any network. Copying or storing any content is expressly prohibited without prior written permission of SMATS Group or the copyright holder identified in the individual content's copyright notice. For permission to use the content on please contact info@smats.net.

中文

Subscribe Now