Posts Tagged ‘more with morton’

Market Acceleration

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 »
Posted in Ewan's Blog on 17th March, 2021

That little bit more

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 »
Posted in Ewan's Blog on 10th March, 2021

Looking for a bargain

If there is one thing I know it’s that 99% of property purchases are the result of lengthy planning and very considered analysis. Very few people happen upon an auction and purchase on the spur of the moment!! I absolutely recommend a careful and considered approach, however, there are times when a subtle shift in the focus of that analysis might be of some benefit. The thing is, regardless of the strength or weakness of the market a key criteria in many…perhaps most…property searches is to ‘find a bargain’. I totally get that. Buying at a price with immediate opportunity for value growth... View article »
Posted in Ewan's Blog on 3rd March, 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

Discovering and delivering value

Without getting into the politics of it all I think it’s interesting to realise much of the debate around events before and after the US election, domestically around Australia Day and even globally around responses to the COVID pandemic all relate in some way to values.  Our values underpin decisions and actions and at Morton we work very hard to ensure our values are more than just words on a page. With school and university students returning to class, it always feels like now is the real start of the working year even though many of us have been back at... View article »
Posted in Ewan's Blog on 27th January, 2021

What I know…

If ever we needed evidence of the danger of trying to predict the future, I think 2020 was it.  What a year. It is with that realisation in mind that I’m NOT going to use this, my first blog of 2021, to provide you with any level of prediction on what the next twelve months might deliver. Instead, I’ll focus on only what I know. I admit I did naively hope at the start of 2021 a miraculous switch would flick so we could leave the practical realities and risks of COVID behind.  Of course, we’ve quickly come to realise this... View article »
Posted in Ewan's Blog on 20th January, 2021

The funny thing is….

I feel like we have spent much of the year worrying and wondering. The unknown combined with the uncertainty has left us all feeling unsteady for the majority of the last twelve months, and yet there now feels like there is something new coming into frame which is a little more positive and a little more welcoming. The funny thing is that after a year of doom and gloom with very desperate and very real economic trauma the year seems to be ending on a high note.  I love that conversations and media coverage has turned from ‘how will we survive’... View article »
Posted in Ewan's Blog on 10th December, 2020