Posts Tagged ‘leasing’

We’re hearing that momentum in the market is easing but at the same time, we’re still seeing reports about unprecedented demand. How can that be true? Conventional economic wisdom surely assumes strong demand will continue to drive a strong market. What’s really happening? I think what’s happening is that the many potential buyers are starting to run out of puff. They’re still in the race but not pushing quite so hard to get to the finish line. According to CoreLogic’s latest data, growth in Sydney property values rose by 2.6% in June. I see that as a great number. Values ARE still... View article »

I will admit there are some weeks when I struggle to decide what issue is important enough to discuss in this blog. I know those who know me will say that I’m rarely short of an opinion and never short of something to say but this is one of those weeks when I’m not sure what to write about. And to be very honest, I think that is a really good thing. So, here’s what I will say. There is a huge amount going on, but at the same time, there is really nothing extraordinary going on. And that’s great. At Morton, we’re all just... View article »

Let me get straight to the point. Whilst there is a clear and valid focus on the extraordinary demand evident across the residential housing market, I think it important to highlight we are seeing a different level of demand for apartments. There is a two-speed market in place across Sydney right now and that does have consequences. It’s like right now everybody wants a house. Not just a home….they want a house. Perhaps it’s a response to the reality of living through COVID lockdown in an enclosed space, or maybe it’s a response to limitations on holidays and overseas travel but the difference... View article »

The release of the latest statistics certainly confirms the anecdotal evidence that we have entered very interesting territory in terms of the market. It raises heart rates and expectations but also some complications. The February Cooley Index reported an auction clearance rate of 84% with a staggering 85% of results secured above the reserve price. That is extraordinary and it’s equal parts terrifying for potential buyers and exciting for potential vendors. To be brutally honest it is also quite terrifying and exciting for real estate sales agents! Our team monitor market activity very closely. We watch the macro numbers coming out which reflect generic activity and... View article »