PHOTO: John McGrath
After a turbulent journey in the property market, John McGrath predicts a brighter future.
Mr McGrath highlights some of the challenges the industry has recently faced in his message in McGrath Report 2020.
The McGrath founder linked record-low listings to transition costs and world economic uncertainty. However, with low interest rates, he predicts a revitalisation in property.
“Property becomes the number one investment choice,” Mr McGrath said. “Real estate is far more attractive when you’re getting close to zero for lazy cash in the bank.
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