Run Forrest Run.

Well, it’s finally here, the one day of the year where middle aged hamstrings across Mosman groan in anticipation…the Mini Mos Marathon!

It’s a great community event, if you haven’t trained you still have time…actually that’s about as true as claims made by certain agents about mystery Chinese buyers that only they are in contact with…please.

So, if you have time on Sunday come along, you don’t have to run but the Fair at Mosman Public is a must for the family. Lots of fun to be had but more importantly lots of funds to be raised to support such a great school.

Back in my lane…

In recent weeks we’ve noticed an increase in seller activity with us doing a lot more appraisals for people considering selling their homes. The spectre of the so called mortgage cliff is making some people nervous and with good reason.

Lending conditions have changed significantly in the past 12 months but this has been offset by very low supply. The big question is what will happen if there are more rate rises and potentially more stock available on the market?

The simplistic view is conditions will deteriorate however this market hasn’t behaved the way that most experts have predicted in the past, no-one knows for sure.

The factors that may just keep the market steady include increased rental yields, pent up demand and a noticeable increase in expat activity.

It’s going to be an interesting second half of the year, that’s right folks we are half way through 2023.

See you on Sunday, until next week.

David Murphy