‘Close to the bottom’: John McGrath reveals 40 growth suburbs across Australia

John McGrath, founder and CEO of McGrath Estate Agents. Picture: John Feder It’s not all doom and gloom in the property market, according to McGrath CEO and founder John McGrath. The real estate guru has released the McGrath Report 2027, the latest instalment of his annual deep dive into the trends shaping the real estate world and analysis of the market for the year ahead. “This is my eighth market correction since I entered the industry more than 40 years ago, and it feels like the fastest fall in values I can remember,” McGrath said. “The data companies are reporting single digit falls … but I can assure you that on the street, most big metropolitan markets are down 10-15 per cent in the past six months. Some are down 20 per cent. MORE:Surprise suburbs where $3m homes will be the norm “The good news for anyone looking for the end of this free fall? History suggests the big cities are close to the bottom.” McGrath has outlined 40 suburbs he expects to experience growth over the year ahead, across New South Wales, Victoria, Queensland and Tasmania. The markets are a mix of metropolitan and regional locations. Aerial view from Campsie, looking East towards the CBD. Picture: Max Mas...