PHOTO: John McGrath knows good real estate when he sees it. Picture: David Swift. Source: News Corp Australia
Australia’s leading real estate identity John McGrath has pinpointed the suburbs he believes will boom in a post-coronavirus world.
John McGrath, who changed the face of real estate over the past three decades, believes Australian property will never be the same post-COVID-19.
In their latest 52-page report, Has COVID-19 changed real estate forever? Mr McGrath’s eponymous real estate agency explores with great detail and insight how the wants and needs of buyers and sellers have transformed irrevocably during the pandemic.
“There’s zero doubt that the pandemic will cause sectors of the population to adjust their way of thinking and behaviour forever,” Mr McGrath writes in the introduction to the report.
“This virus has prompted many to reassess their lives and make new choices for the future.”
The real estate entrepreneur also offers his tips on what the top property picks are right now in capital cities and regional areas.
“Moving forward, many people will cease their daily commute and jump on the cyber highway (after a morning swim at the beach) instead,” Mr McGrath writes, as he points to the increased allure of regional locations.
“We can now live in our ideal lifestyle location and enjoy an effective work routine without the stress-inducing travel.
“With interest rates approaching zero and many owners having deleveraged in the past few years, I envisage increases in well-located prime residential real estate in major cities and regional lifestyle areas – that is, anywhere near surf, waterways or lots of trees within 90 minutes of the big East Coast cities.”
JOHN MCGRATH’S TOP PROPERTY PICKS
“Many Sydneysiders might remember when this suburb was best known for its abattoir – hardly an iconic landmark, yet since its closure in 1988 this area has been quietly reinventing itself into a prized address in the significantly gentrified inner west.