Archive for the ‘Ewan’s Blog’ Category

What have we learned…

It’s hard to believe the year is almost over. I know we’re not there yet, and given the year we have had it is probably dangerous to think it is safe to call it just yet, but I think it’s important not to let the year end without taking stock of what we have learned, even as we have endured.  This is what I’ve come up with so far… I’m sure there is much we will all have learnt as individuals, families, communities and countries, but I’m going to stick to how 2020 has impacted and influenced the residential property market,... View article »
Posted in Ewan's Blog on 25th November, 2020

Here we go…..again

While it’s hard not to be a little sceptical I do remain ever hopeful that announcements will become actions in terms of the news out of the NSW Budget this week on proposed reforms to Stamp Duty.  I’d like to think now is the time… It’s a big deal.  Stamp duty represents big money so the implications of any change will be significant which is actually the reason why I’m not yet prepared to dance with delight at the announcement. The thing is the devil is always in the detail and over all my years in real estate I’ve learnt that when... View article »
Posted in Ewan's Blog on 19th November, 2020

A tale of two perspectives…

I don’t think I’m on my own when I say that it seems the only story in the world right now, whether you care about the outcome or not, is the US election.  We are witnessing extraordinary events, but I recognise you might think I’m drawing a long bow when I say there are key elements of the US election that are a metaphor for the Sydney property market.  Bear with me while I explain…. I know it seems a stretch but when you think about it the US election result is all about the numbers. And so, it is in... View article »
Posted in Ewan's Blog on 11th November, 2020

Achieving Success

You might recall that last week I wrote about how, like the weather, different areas across Sydney can experience different market forces at the same time.  This week it might therefore seem a little contradictory to say that the way to achieve property success varies very little irrespective of those differing markets. And in a week focussed so intently on ‘winning’ across so many different scenarios I have clear thoughts on how to do it. Perhaps I should start by providing a dash of credibility to my position by revealing that earlier this week the Morton Sales Team were again awarded... View article »
Posted in Ewan's Blog on 4th November, 2020

Weather Forecast

The residential property market is a bit like the weather.  To paraphrase Dorothea Mackellar, we can experience droughts and flooding rains in market demand and supply but equally, just like the weather, the residential market can be unpredictable and variable so it is important to be ready and be warned. I’m pretty sure that people across Sydney check the status of residential property reports as often as they do the weather.  It’s natural to wonder if there are clouds of market doom on the horizon or if you can plan for the weekend to deliver sunshine and record-breaking sales. But as residents... View article »
Posted in Ewan's Blog on 28th October, 2020

What would you know…

There is a question that every single real estate agent fields every single day of their life, both in and out of the work environment. The question of value.  Everyone is interested in the value of their property, their neighbour’s property, the property they want to buy or simply property in general.  I get it. I’m interested in value too, but in an interview last week I discussed value of a different kind. I was asked about the value of an agent in a world where information is so accessible. Technology has changed the way the world works, and the world... View article »
Posted in Ewan's Blog on 21st October, 2020

The Second-Hand Situation

I have three teenage daughters, so I’ve become very aware of the increasing appeal of the concept of ‘vintage’. My girls are very environmentally (and fashion!) conscious, so the appeal and value of second-hand items is high across their community.  Interestingly, in the wake of some high-profile examples of new developments revealing building issues we have seen a similar increase in the appeal of older (dare I say ‘vintage’?) apartments. But it is important to recognise there are significant differences in the new and second-hand markets. The reason I’m raising this is because our team are seeing a bit of a... View article »
Posted in Ewan's Blog on 15th October, 2020

Subtle Change

I don’t know about you but after such a sensational weekend it was surprisingly easy to forget the fact that the world is in the grip of a pandemic. The sun was out, we could get out and about and it all felt kind of normal. But is it? It felt normal on the weekend but is it really? No. As much as I’d like to say ‘yes’ I really don’t think it’s the case. It might feel a little bit the same, but it really is quite different.  But that’s okay because I think we’re learning to deal with different rather... View article »
Posted in Ewan's Blog on 8th October, 2020

Positive perspective

Okay whilst I’m not going to go so far as to say that it is ‘fake news’ I do want to issue a caution in relation to stories circulating about record residential property demand.  I absolutely welcome the positive sentiment but at the same time it is incredibly important to keep things in perspective. The thing is real estate agents regularly face a very real dilemma.  Agents work hard to secure new listings which is obviously key to their professional success but gaining the trust of a potential vendor involves delicately navigating the chasm that can exist between value expectation and... View article »
Posted in Ewan's Blog on 30th September, 2020

Fill the gap

Crikey. That’s not what we needed to read first thing on a Monday morning.  The correlation between population growth and housing demand is relatively obvious but it’s tough to see in black and white the predicted potential impact of pandemic restrictions on migration on the bottom line of the residential property market.  So, what are we looking at here? Look, there is no doubt the numbers presented are sobering.  Less migration to Australia and reduced numbers of international students do have real potential to impact rental returns for investors and in turn impact demand for existing residential property.  Motivation to buy... View article »
Posted in Ewan's Blog on 23rd September, 2020