Posts Tagged ‘sydney real estate’

So, who is going to win? What will the outcome of the election this weekend mean for residential property and potentially what should we expect if the country ends up with a hung parliament and something of a Senate mish-mash? There are political and economic experts far wiser than me who remain unsure about what the electoral outcome will mean for the economy, and the property market, so quite frankly I’m not brave enough to make a prediction on the result. But perhaps the reality of the result of this election is somewhat less dramatic than we might think. We have seen... View article »

I understand the frustration, but equally, I understand the conundrum. ‘Conundrum’ isn’t really the right word to reflect the economic, emotional, and social impact that is the complexity around housing affordability. It’s a huge issue that rightly should be debated in an election campaign but I’m afraid it’s naïve to expect consensus. Don’t worry, I’m not going to get into the politics of property access and ownership. I’ll leave that to others but what I will talk about are the practicalities. First. Always remember there are no guarantees. Whilst COVID has forced us to recognise that life can deliver extraordinary curveballs it’s been easy to ignore... View article »

Time has been hard to mark over the last couple of years. Everything feels like it’s morphed into an endless loop. Was it really two years ago we saw the rental market in freefall because of Covid lockdowns? So, if not much has changed since then how is it that we are now looking at the tightest rental market I’ve ever seen? Here’s my take on what I’m seeing now and what’s happened over the last couple of years. Yes, it does all come down to the fundamental principle of supply and demand. The pandemic moved demand out of the market. International migration and international... View article »

Okay. So, the residential property sales market is showing signs that it’s starting to slow, although an auction clearance rate of 70% is still a long way from terrible. That said, I do recognise the very mention of a possible slowdown makes people nervous, so here’s my take on it. Over the last couple of years, we’ve become accustomed like never before to ‘expect the unexpected’. We’ve had to. So much of what we have endured has felt like it should have been the script for a bizarre movie rather than real life. I’ve often written that as individuals, and certainly as a team here... View article »

I wrote last week about the incalculable and very personal value of a ‘home’ in comparison to a ‘house’. I think the same concept applies to a location and we’ve seen the incredible value of community spirit over recent days as this never-ending rain has caused such widespread havoc. Morton has offices located in eight locations across Sydney, each opened in response to a unique combination of client and development demand. Our teams are spread from the suburbs to the centre of the city.  We have teams in established neighbourhoods like Crows Nest, new suburbs like Wentworth Point and Green Square, precincts like... View article »

This week it has been hard to work out what to write about. It feels like it’s just a week, just like any other week, if you know what I mean. Actually, there has been a huge amount going on but there is one interesting thing that’s been missing… Usually, when the market is running as hot as it is right now it creates a real sense of energy and urgency. Buyers and vendors almost bubble with excitement and anticipation at the opportunities that come with favourable economic conditions that create strong demand. Right now, the activity is intense, there is a sense... View article »