Everything In Moderation.

One of the many things I love about my team is how brutally honest they are. Shout out to Alex Myers for pointing out to me this morning that my recent newsletters have become a little…how did he say…boring?
 
I didn’t take it personally, I mean after all this is coming from a guy whos work desk is so tidy it makes me fear for my safety but I’ll take the feedback on board. (Seriously, if I go missing look into him).
 
I’ll admit it, I’ve moderated a little. Maybe it’s becoming a father, maybe it’s just father time or maybe things have just been a bit quiet/boring out there?
 
At the moment the market is pretty stable and relative supply remains low, yawn but this is actually a good thing.
 
Despite the media hysteria, the fact the RBA only raised 0.25% this week says to me the farm may be starting to calm. Given they didn’t meet in January I expected a bigger raise...reading between the lines my sense is we might soon be approaching the more moderate 'wait and see' phase of this cycle.
 
On the ground we continue to see high numbers of enquiry, strong attendance at opens and sales are coming together at respectable prices. In particular, anything that is turn key is in high demand.
 
Makes sense really, given you have to wait 125 years for local Councils to approve a new door knob and good builders are MIA (*check Alex’s boot), put simply busy people don't want to deal with the hassle of renovating.
 
We live in an impatient society that likes immediacy and turn-key properties are what’s hot right now.
 
Our team went on tour this week securing strong house sales in Seaforth, Northbridge and of course our hood…Mosman. If buyers are prepared to move around then so are we!
 
Until next week,

David