McGrath Report 2019: Go to west to make money, says guru

PHOTO: Get set for the great renaissance of Western Sydney, says John McGrath in The McGrath Report, 2019. Source: News Corp Australia

REAL estate guru John McGrath has traditionally been a fan of the inner city and coastal areas, but now he’s telling property buyers to “go west” to make money.

“We are on the cusp of what will go down in history as the great renaissance of Western Sydney,” Mr McGrath said in his McGrath Report, 2019, released exclusively to News Corp.

Mr McGrath said his agents were reporting price drops of between 10 and 15 per cent in most suburbs over the past year and there could be further falls.

But he is optimistic about Sydney’s west in the longer term because of the huge boost in infrastructure, with billions of dollars in government investment, hundreds of thousands of new jobs and the new airport.