John McGrath predicts when Australiaâs hot property prices will cool down
Property by Kirsten Craze
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Subscriber only Booming property prices are set to take a breather and the market is likely to correct itself by early 2022, according to real estate influencer John McGrath. Speaking at AREC, the Australasian Real Estate Conference he founded 23 years ago, McGrath told a 3000-strong crowd, both live and virtual, that the post-Covid chaos had changed consumer demands of the real estate industry forever. The founder and executive director of McGrath Estate Agents had not spoken at an AREC event since 2014, but this year shared his insights of a 40-year career in 40 minutes.