Posts Tagged ‘more with morton’

It’s happening

Yep. It’s happening. We’ve all learnt the hard way that it’s risky trying to predict anything while the world is enduring a pandemic but despite that risk, I did feel things were looking promising for the residential property market in the lead up to restrictions easing. So, I’m pleased for many reasons to see that promise coming to fruition if the numbers delivered by our team in September are anything to go by. I’ve been incredibly proud of the work ethic and resilience shown by the Morton sales team. The last few months have been tough, as I know they have been for... View article »
Posted in Ewan's Blog on 13th October, 2021

Keeping Track

It’s amazing to think how we have adapted to living with COVID. It’s not fun or convenient but wearing masks and checking-in are part of the new normal. They’re an important way we can take some control in these times when it feels like so many things are out of control. And it’s interesting to see that our clients are looking to do the same thing in terms of their finances and investments. During the lockdown last year people shared ways they were passing the days and finding positivity and opportunity whilst activity and mobility was limited. Some started learning a new language,... View article »
Posted in Ewan's Blog on 18th August, 2021

Groundhog Day

This time it somehow feels harder. We know what to do. We know how to do it. We know we can do it. But somehow that doesn’t make it any easier. Lockdown life is tough. It feels a bit like Groundhog Day except for one very important consideration. In lockdown, it can be hard to differentiate between the days. It’s been weird to realise the process of dressing for work and then commuting to an office are integral to defining a workday. Perhaps those things are so important because they help differentiate and separate our work and home lives so without them it... View article »
Posted in Ewan's Blog on 4th August, 2021

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