Vale David Squire Dixon.

Spoiler alert...this week’s newsletter is more of an opinion piece and a special tribute (sorry they can't all be hilarious).

To describe the market as one thing is just too simplistic, it’s kind of like asking how is the world?

Some parts are good and some parts are not so good. A general observation I’ll make is that the middle part of the market seems softer than the lower end and the premium end. Why is this I hear you ask?

On the lower north shore it’s reasonable to assume that people trading in the $1.5M-$4M space are more leveraged as they attempt to climb the rungs of the property ladder. In turn, this segment of the market is seeming more sensitive to the rising cost of capital.

If you were to generalise and consider the market as a whole, there are so many reasons why it should be worse than it is. But there is one reason why it isn’t…a lack of supply.

The availability of quality homes to buy in quality areas is at an all-time low and this has been an issue for some time now compounding the issue.

There is a famous poster that used to hang in real estate offices in 1980’s of an older gentleman with a walking stick, the caption underneath saying ‘this is the man who waited for a bargain in Sydney.’

Speaking of gentlemen, for anyone that has sold with us over the past decade you may have met our quiet and wonderful floorplanner David. After a valiant battle with illness yesterday our team farewelled him, David will be sorely missed...not just for his technical wizardry but for who he was, a kind and special man who was a devoted father and husband.

To his darling wife Philippa and beloved daughter Catherine, I just wanted to say in the loudest possible way we are all thinking of you at this saddest of times.

Until next week,

David