{"id":25269,"date":"2016-02-11T15:30:39","date_gmt":"2016-02-11T04:30:39","guid":{"rendered":"http:\/\/realestatetalk.com.au\/?p=7034"},"modified":"2016-02-11T15:30:39","modified_gmt":"2016-02-11T04:30:39","slug":"property-markets-state-of-play-john-mcgrath-2","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/property-markets-state-of-play-john-mcgrath-2\/","title":{"rendered":"Property markets state of play | John McGrath"},"content":{"rendered":"

In his weekly column for\u00a0Switzer<\/a>, John McGrath addressed the ever changing face of the Australian Property Market.
\n<\/strong><\/p>\n

Here is his what he had to say:<\/h4>\n

There is no one singular Australian property market.\"mcgrath\"<\/a><\/p>\n

There are indeed dozens of markets; and markets within those markets.<\/p>\n

But broadly speaking, you could certainly say we\u2019ve had a two-speed marketplace with the\u00a0Sydney\u00a0<\/a>and\u00a0Melbourne\u00a0property market<\/a>\u00a0leading the way and now at the tail end of their growth cycles, while the balance of capital cities are yet to begin theirs.<\/p>\n

Here\u2019s the state of play nationwide.<\/h4>\n

New stats from RP Data for the 12 months ending January 31 show the following price growth (or decline) patterns across the capitals.<\/p>\n

Melbourne<\/strong>\u00a0\u2013 houses up 11.6%, apartments up 5.4%<\/p>\n

Sydney\u00a0<\/strong>\u2013 houses up 10.7%, apartments up 9.6%\u00a0\"Lindex-Statistics\"<\/a><\/p>\n

Brisbane\/Gold Coast\u00a0<\/strong>\u2013 houses up 3.4%, apartments up 3.9%<\/p>\n

Adelaide<\/strong>\u00a0\u2013 houses up 1.5%, apartments down -3.9%<\/p>\n

Perth<\/strong>\u00a0\u2013 houses down -4.4%, apartments down -0.4%<\/p>\n

Canberra<\/strong>\u00a0\u2013 houses up 6.7%, apartments down -3.3%<\/p>\n

Hobart<\/strong>\u00a0\u2013 houses up 1.4%, apartments up 13.2%<\/p>\n

Darwin<\/strong>\u00a0\u2013 houses down -3.2%, apartments up 0.7%<\/p>\n

We have forecast for some time now that South-East Queensland will experience the strongest capital growth over the next few years but I expect almost all of Australia will show growth this year.<\/p>\n

I think we will see a steady marketplace with a good balance between buyers and sellers in the big cities.<\/p>\n

At worst, we might see a minor short term correction in Sydney as the market recalibrates after several years of phenomenal growth, but I also think there’s equal chance we could see a few more percentage point rises in median values.<\/p>\n

January has shown us that there is very little reduction in owner-occupier demand across most price ranges, with strong interest at inspections and early new year buying at solid levels.<\/p>\n

Most of our offices at McGrath had much stronger results this January compared with January 2015, which suggests the market has depth.<\/p>\n

The latest official figures from the Bureau of Statistics show housing finance rose by 1.8% to $33.3 billion in November 2015 and this was largely driven by new or refinanced owner occupier mortgages ($21.8 billion).<\/p>\n

The value of loans to upgraders or downsizers was greater than for investors ($11.5 billion), which was a significant but expected change following the introduction of tighter lending criteria for investment finance.<\/p>\n

In terms of Sydney and Melbourne market performance this year, early indicators are that buying demand is still strong.<\/p>\n

It would not have been healthy for these cities to continue at the pace they were going.<\/h4>\n

Although there was no bubble, Sydney in particular got to a point where sales were extraordinarily high, often 25%-50% above expectations.<\/p>\n

I think it’s these types of extraordinary results that will taper off and be replaced by a more predictable set of outcomes in 2016.<\/p>\n

Buyers have had a tough few years getting into the Sydney market but I believe they now have a great opportunity to secure the right property before the market moves upwards again.<\/p>\n

At the end of booms, buyers can get a bit obsessed with timing.<\/h4>\n

They often hold off believing (or rather, hoping) prices will fall and this delays their purchase.<\/p>\n

I\u2019ve been in the game for 32 years and believe me,\u00a0time in the market\u00a0is much more important than\u00a0timing the market\u00a0<\/em>when you buy.<\/p>\n

Buying the best property you can afford, when you can afford it; and holding it for the long term is always the best play.<\/p>\n

Keep it simple.<\/p>\n","protected":false},"excerpt":{"rendered":"

In his weekly column for\u00a0Switzer, John McGrath addressed the ever changing face of the Australian Property Market. Here is his what he had to say: There is no one singular Australian property market. There are indeed dozens of markets; and markets within those markets. But…<\/p>\n","protected":false},"author":176692473,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13,36,17,28],"tags":[],"class_list":["post-25269","post","type-post","status-publish","format-standard","hentry","category-latest-story","category-property-investment-topic","category-property-investment","category-uncategorized"],"yoast_head":"\nProperty markets state of play | John McGrath - Realty Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/channels.realty.com.au\/realtytalk\/property-markets-state-of-play-john-mcgrath-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Property markets state of play | John McGrath - Realty Talk\" \/>\n<meta property=\"og:description\" content=\"In his weekly column for\u00a0Switzer, John McGrath addressed the ever changing face of the Australian Property Market. Here is his what he had to say: There is no one singular Australian property market. There are indeed dozens of markets; and markets within those markets. But...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/channels.realty.com.au\/realtytalk\/property-markets-state-of-play-john-mcgrath-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Realty Talk\" \/>\n<meta property=\"article:published_time\" content=\"2016-02-11T04:30:39+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/realestatetalk.com.au\/wp-content\/uploads\/2014\/08\/mcgrath.jpg\" \/>\n<meta name=\"author\" content=\"Kevin Turner\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kevin Turner\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/property-markets-state-of-play-john-mcgrath-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/property-markets-state-of-play-john-mcgrath-2\\\/\"},\"author\":{\"name\":\"Kevin Turner\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/ae5a3b5e891767bd82ad3a068c514329\"},\"headline\":\"Property markets state of play | John McGrath\",\"datePublished\":\"2016-02-11T04:30:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/property-markets-state-of-play-john-mcgrath-2\\\/\"},\"wordCount\":574,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/property-markets-state-of-play-john-mcgrath-2\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/realestatetalk.com.au\\\/wp-content\\\/uploads\\\/2014\\\/08\\\/mcgrath.jpg\",\"articleSection\":[\"Latest Stories\",\"Property Investment\",\"Property Investment Topics\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/property-markets-state-of-play-john-mcgrath-2\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/property-markets-state-of-play-john-mcgrath-2\\\/\",\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/property-markets-state-of-play-john-mcgrath-2\\\/\",\"name\":\"Property markets state of play | John McGrath - Realty Talk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/property-markets-state-of-play-john-mcgrath-2\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/property-markets-state-of-play-john-mcgrath-2\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/realestatetalk.com.au\\\/wp-content\\\/uploads\\\/2014\\\/08\\\/mcgrath.jpg\",\"datePublished\":\"2016-02-11T04:30:39+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/ae5a3b5e891767bd82ad3a068c514329\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/property-markets-state-of-play-john-mcgrath-2\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/property-markets-state-of-play-john-mcgrath-2\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/property-markets-state-of-play-john-mcgrath-2\\\/#primaryimage\",\"url\":\"http:\\\/\\\/realestatetalk.com.au\\\/wp-content\\\/uploads\\\/2014\\\/08\\\/mcgrath.jpg\",\"contentUrl\":\"http:\\\/\\\/realestatetalk.com.au\\\/wp-content\\\/uploads\\\/2014\\\/08\\\/mcgrath.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/property-markets-state-of-play-john-mcgrath-2\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Property markets state of play | John McGrath\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#website\",\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/\",\"name\":\"Realty Talk\",\"description\":\"Your Trusted Voice For Property Investing. Anywhere, Anytime.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/ae5a3b5e891767bd82ad3a068c514329\",\"name\":\"Kevin Turner\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d2d83fe833d0cb22c11728d9aa25f73b319e658b72509553eff8680404d8bfa7?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d2d83fe833d0cb22c11728d9aa25f73b319e658b72509553eff8680404d8bfa7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d2d83fe833d0cb22c11728d9aa25f73b319e658b72509553eff8680404d8bfa7?s=96&d=mm&r=g\",\"caption\":\"Kevin Turner\"},\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/author\\\/kevin-turner\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Property markets state of play | John McGrath - Realty Talk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/channels.realty.com.au\/realtytalk\/property-markets-state-of-play-john-mcgrath-2\/","og_locale":"en_US","og_type":"article","og_title":"Property markets state of play | John McGrath - Realty Talk","og_description":"In his weekly column for\u00a0Switzer, John McGrath addressed the ever changing face of the Australian Property Market. Here is his what he had to say: There is no one singular Australian property market. There are indeed dozens of markets; and markets within those markets. But...","og_url":"https:\/\/channels.realty.com.au\/realtytalk\/property-markets-state-of-play-john-mcgrath-2\/","og_site_name":"Realty Talk","article_published_time":"2016-02-11T04:30:39+00:00","og_image":[{"url":"http:\/\/realestatetalk.com.au\/wp-content\/uploads\/2014\/08\/mcgrath.jpg","type":"","width":"","height":""}],"author":"Kevin Turner","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Kevin Turner","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/channels.realty.com.au\/realtytalk\/property-markets-state-of-play-john-mcgrath-2\/#article","isPartOf":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/property-markets-state-of-play-john-mcgrath-2\/"},"author":{"name":"Kevin Turner","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/ae5a3b5e891767bd82ad3a068c514329"},"headline":"Property markets state of play | John McGrath","datePublished":"2016-02-11T04:30:39+00:00","mainEntityOfPage":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/property-markets-state-of-play-john-mcgrath-2\/"},"wordCount":574,"commentCount":0,"image":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/property-markets-state-of-play-john-mcgrath-2\/#primaryimage"},"thumbnailUrl":"http:\/\/realestatetalk.com.au\/wp-content\/uploads\/2014\/08\/mcgrath.jpg","articleSection":["Latest Stories","Property Investment","Property Investment Topics"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/channels.realty.com.au\/realtytalk\/property-markets-state-of-play-john-mcgrath-2\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/channels.realty.com.au\/realtytalk\/property-markets-state-of-play-john-mcgrath-2\/","url":"https:\/\/channels.realty.com.au\/realtytalk\/property-markets-state-of-play-john-mcgrath-2\/","name":"Property markets state of play | John McGrath - Realty Talk","isPartOf":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/#website"},"primaryImageOfPage":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/property-markets-state-of-play-john-mcgrath-2\/#primaryimage"},"image":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/property-markets-state-of-play-john-mcgrath-2\/#primaryimage"},"thumbnailUrl":"http:\/\/realestatetalk.com.au\/wp-content\/uploads\/2014\/08\/mcgrath.jpg","datePublished":"2016-02-11T04:30:39+00:00","author":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/ae5a3b5e891767bd82ad3a068c514329"},"breadcrumb":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/property-markets-state-of-play-john-mcgrath-2\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/channels.realty.com.au\/realtytalk\/property-markets-state-of-play-john-mcgrath-2\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/channels.realty.com.au\/realtytalk\/property-markets-state-of-play-john-mcgrath-2\/#primaryimage","url":"http:\/\/realestatetalk.com.au\/wp-content\/uploads\/2014\/08\/mcgrath.jpg","contentUrl":"http:\/\/realestatetalk.com.au\/wp-content\/uploads\/2014\/08\/mcgrath.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/channels.realty.com.au\/realtytalk\/property-markets-state-of-play-john-mcgrath-2\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/channels.realty.com.au\/realtytalk\/"},{"@type":"ListItem","position":2,"name":"Property markets state of play | John McGrath"}]},{"@type":"WebSite","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#website","url":"https:\/\/channels.realty.com.au\/realtytalk\/","name":"Realty Talk","description":"Your Trusted Voice For Property Investing. Anywhere, Anytime.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/channels.realty.com.au\/realtytalk\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/ae5a3b5e891767bd82ad3a068c514329","name":"Kevin Turner","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/d2d83fe833d0cb22c11728d9aa25f73b319e658b72509553eff8680404d8bfa7?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d2d83fe833d0cb22c11728d9aa25f73b319e658b72509553eff8680404d8bfa7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d2d83fe833d0cb22c11728d9aa25f73b319e658b72509553eff8680404d8bfa7?s=96&d=mm&r=g","caption":"Kevin Turner"},"url":"https:\/\/channels.realty.com.au\/realtytalk\/author\/kevin-turner\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts\/25269","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/users\/176692473"}],"replies":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/comments?post=25269"}],"version-history":[{"count":0,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts\/25269\/revisions"}],"wp:attachment":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/media?parent=25269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/categories?post=25269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/tags?post=25269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}