Archive for February, 2021

Cataclysmic to Calm – the rental market

Last week I had the opportunity to reflect on the rental market response to COVID in a chat with Dominic Nesci.  We covered a variety of topics, but it was interesting to dig down into what happened across the rental market last year, where it is now and what we can take from it all. So, what happened and what can we learn? Let’s be frank……around this time last year the rental market imploded.  In the middle of last year, the vacancy rate in the CBD was sitting at an astonishing 14%.  That was a cataclysmic collapse that I worried would take... View article »
Posted in Ewan's Blog on 24th February, 2021

Here’s the deal

There are some numbers I think are important for people to know when digesting the big headlines about big prices we are seeing with regularity right now. They’re numbers that are growing, but not in the way you might expect. So, here’s the deal. I’m sure nobody would disagree with the idea that in Sydney we are a little bit obsessed with the property market. Auction clearance rates and property values are the subject of endless debate around dinner tables and on the sidelines of Saturday sport. But here’s the interesting thing: Talk doesn’t automatically translate into action. I saw some numbers recently that revealed the average... View article »
Posted in Ewan's Blog on 17th February, 2021

The boom bandwagon

I’m usually loathe to jump on the bandwagon of reports about booming markets and unprecedented demand, but right now it’s hard to ignore, so here’s my take on it. Firstly, let me say that I do appreciate the confidence that comes from positive press.  The impact of positivity on property prices is as powerful as this sentence is problematic to read out loud!  The fear of missing out is very real and across all our offices we are already seeing increased activity across the market in 2021. However, I always challenge our team to consider if the burst of activity is sustainable. ... View article »
Posted in Ewan's Blog on 10th February, 2021

Let’s take a look…

If ever there was a sign that we are returning to some degree of normality in the world it must be that Sydney residential property prices are back dominating the news! Nearly twelve months on from the lockdown that shutdown the state and we are seeing reports of record demand and predictions of sustained value growth.  So, let’s take a look. There is no denying the year has started with a bang.  Our team is busy. Very busy. Across all the precincts in which Morton operates, we are being inundated by enquiries. And that’s an interesting and very important point to highlight. ... View article »
Posted in Ewan's Blog on 3rd February, 2021