Archive for the ‘Ewan’s Blog’ Category

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

The numbers

There are a lot of numbers to digest in our profession.  Addresses, contact numbers, appointments, valuations, prices, bedrooms, dimensions, average rates, average levies, and the dates of work colleagues’ birthdays! But there are some other numbers that are just as important that we track very carefully here at Morton and they are equally interesting. Leasing. It is the engine room of residential property a fact was clearly demonstrated earlier this year as a result of the financial implications of COVID restrictions.  The strength of the rental market is a key driver of the investment and sales market so Morton monitors activity... View article »
Posted in Ewan's Blog on 16th September, 2020

Crunch time…or is it?

Spring.  Traditionally the best residential property selling season of the year, much anticipated by vendors and purchasers alike as each look to escape Winter hibernation with newfound energy, enthusiasm, and optimism.  But it’s 2020, the year of unexpected everything, so the big question is what’s going to happen this year? I am not afraid to admit that I was very worried about prospects for the Spring market this year.  There has been no secret to the widespread concern many have felt at the combined prospect of government financial support ending, or being reduced, and the end of mortgage repayment holidays. But so... View article »
Posted in Ewan's Blog on 9th September, 2020

Influx of Opportunity

You may have seen a significant number of articles and commentary highlighting the lifestyle changes emerging as people re-evaluate their priorities as a result of COVID isolation requirements.  There is talk of an exodus from the city as people look for more space and less stress in their lives. That might be, but I hasten to add that doesn’t automatically mean the city property market is in trouble. Indeed, it has created an influx of opportunity. I certainly don’t dispute the analysis which shows people are increasingly searching for opportunities to move and recalibrate their lives. And the appeal of a... View article »
Posted in Ewan's Blog on 2nd September, 2020

What, why, how?

It feels like we’re all meant to be ‘back to normal’. Yes, it’s the ‘new’ normal, but now we can watch and play sport, have lunch at a café and go shopping we’re also expected to be getting on with business as usual. That’s fabulous but it’s clear that many of our clients are wondering exactly what, why and how to get on with it when there are still so many unknown factors to consider? Yes, we are getting on with it but I absolutely agree that it is still very tricky to know exactly what is allowed and what isn’t,... View article »
Posted in Ewan's Blog on 17th June, 2020

The months ahead

My first draft of this blog was one I wrote after looking at some independent market stats. I was surprised and buoyed by what I saw and wrote my blog around the theme that I thought things were going to be all right.  But then I took a breath, took off the rose-coloured glasses of positivity and realised I needed to write the truth, not the hope. So, I started again. To date the numbers flowing in on the state of the market post COVID lockdown look surprisingly good.  The data shows in April across Sydney activity dropped, but fascinatingly, despite... View article »
Posted in Ewan's Blog on 10th June, 2020

They’re back…

I’m sure it will be a relief to many to learn that, having dropped off a cliff as COVID restrictions came into effect, a vital indicator of market activity has found its way back to what our team consider ‘normal’. (read more) They’re back.  The phone is ringing, and email in-boxes are filling up. Enquiries received by the Morton leasing team are back to pre-pandemic levels.  And from those enquiries our team are now back to securing 30 new tenancy agreements each week.  People are back on the move. It’s true these enquiries are from prospective tenants who are very price sensitive. Our... View article »
Posted in Ewan's Blog on 3rd June, 2020

The Value of Time

During the lockdown there was one thing many were not short of. Without the noise of regular life, we realised the value of time, what can be achieved with time and how precious it is. In terms of our business time can reflect productivity but I think it is equally important to acknowledge it also represents experience, and in residential real estate ‘experience’ can play a huge role in delivering success. The fact is you can’t buy experience and you can’t fake it.  It is earned over time and in residential property I have no doubt that experience will generate confidence,... View article »
Posted in Ewan's Blog on 27th May, 2020

Moving On

As we start to move on from isolation there is no doubt many things remain unknown. I have written many times about adjusting to the ‘new normal’ but it is increasingly clear that as a result of the pandemic a huge range of personal, business and government priorities and policies might yet change.  I think we’ve a long way to go until we do find a new normal, but I’m excited at the possibilities that might emerge. There are the simple things that I think may come as a result of our enforced isolation.  From a personal perspective I have no... View article »
Posted in Ewan's Blog on 20th May, 2020

Work to do

So here is where we are at.  As I mentioned last week the residential property sales market is moving along quite nicely.  Demand is there and our team are achieving quality value for vendors. The area of the market that has taken a real hit is the rental market.  It is very tough and I’m not sure what, or when, it might turn it around. There is real work to do there. Our team have analysed the numbers and it was the week in late March when QANTAS announced they were standing down many their employees. That was the week that... View article »
Posted in Ewan's Blog on 13th May, 2020