Archive for April, 2021

Motivation to Move

There has been a significant focus on financial factors fuelling the booming residential property market. Fair enough, but in my opinion, not enough consideration is given to the equally important fact that regardless of the booming prices achieved, not enough owners are motivated to actually list and sell. What’s the answer to that problem? Right now there are not enough properties being offered for sale. As I’ve mentioned in previous blogs CoreLogic reported that listings across the country throughout March were -25.5% below the five-year average. And CoreLogic explained that even though supply is increasing it is still not keeping pace with buyer... View article »
Posted in Ewan's Blog on 28th April, 2021

The (multi) million-dollar question

When will it end? It is a question we asked many times over the past year especially in relation to COVID restrictions but right now it feels pertinent to ask how long can the current market intensity last? That’s really the million-dollar question but there are some things I think we should always keep in mind…. As well as the extraordinary growth in values there was a 23% increase in house and unit sales across the country in March. This combined with listing volumes sitting 26% below the five-year average. This level of extreme demand isn’t going to last forever.  I say that... View article »
Posted in Ewan's Blog on 21st April, 2021

High Speed, High Pressure Profession

I recently recommended our team watch the Netflix series ‘Drive to Survive’. I started watching it for pure entertainment but was surprised that as well as high-drama I actually saw significant parallels between the high-speed, high-stakes world of Formula One racing and Sydney residential property…and thankfully many differences too! While residential property is obviously not a life or death profession it is a high pressure, high-stakes environment. We are often supporting our clients as they make decisions around their biggest financial investment, their life savings, their home. To deliver the right outcomes for our clients and achieve success in our profession requires a high... View article »
Posted in Ewan's Blog on 15th April, 2021

Opportunity from uncertainty

It’s really quite hard to fathom the precipice we were standing on this time last year. When we went into lockdown in March the uncertainties in terms of the economy, our health and the future felt extensive and extreme. And so it feels equally extraordinary that just one year on we find ourselves in a place where Sydney achieved an increase in property values of 3.7% in March. What do we take from that kind of turnaround…. There are a couple of ways you can look at the rapid return of value in the Sydney property market and in my opinion both are equally... View article »
Posted in Ewan's Blog on 7th April, 2021