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Serious climate change.

Monday 27th May 2019

Serious climate change.

This week we’re breaking tradition to brighten up your Monday with an early edition of our newsletter, and report to you on how Super Saturday went.

In a nutshell, the market has pulled more G’s than a fighter jet in the past week going from sluggish to white hot. The surprise election result, RBA rate cut messaging, APRA easing on lending, stunning weather, and low supply have all converged to sharply lift sentiment. The three auctions we had on Saturday all sold well over reserve and our clients are delighted.

The deal of the day had to be 58 Wolseley Road which was not only well attended (by agents) but hotly competed for (by buyers) and after 62 bids the house sold for a staggering $755,000 over reserve.

A special mention to our competitors that felt it was cool to swan around the opens and then lead celebrations with our clients at the fall of the hammer, despite overwhelming evidence we haven’t filed a report of stolen thunder to Mosman Police.

I would like to pay tribute to the real heroes of Super Saturday. Bindi for project managing multiple pre-market renovations whilst I was walking up mountains and spending time with family, Heidi for bringing her timeless Nordic cool, Joann for coming out of retirement to seal deals (some would say she only works in a hot market), Jamee for styling properties better than anyone else can, Thomas for his genius Danish eye to shoot homes with feeling, and the legendary Vic Lorusso for displaying that you can call superb auctions with humility, humour and integrity.

So in the space of 10 days the landscape has changed significantly and the re-election of SCOMO has seen the return of FOMO, and to our party crashing competitors we say NOMO.

Until next week (or later in the week if inspiration reigns),

David Murphy