Despite recent media focus on inflation, house prices falling and the rising cost of living, the decline in home ownership is not a recent phenomenon. It’s been a steady trajectory downwards for more than 20 years. It’s linked directly to rising house prices, where younger buyers are simply unable to enter the market. Interestingly, in…
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Avalon attracted attention this week, for all the wrong reasons. On Tuesday’s weather report, with the second highest rainfall at 17mm. And coldest Sydney day so far this year. 11 degrees at Terrey Hills. Brrr… Climate extremes seem to be the new norm; so make sure that your home is ‘proofed’ as much as you…
Unfortunately, Covid just won’t go. Given the apparent increased virulence of the latest strain, Government suggests we all take care, and we notice that more and more people around the villages are resuming mask wearing in public areas. Well done. Let’s see this through together… Local stuff. If you’re looking to brighten up the walls…
The RBA Governor, Philip Lowe, gave a pretty clear interview on ABC-TV’s 7.30 Report during the week where he spelled out the case for higher interest rates by the end of this year. Whilst this might be good news for some, for others – particularly younger home owners with significant mortgages – it may well…
While we wait to see the flow on effects of the interest rate rises and its impact on the housing market, I am happy to report that the rental market on the Northern Beaches (in particular our part of it) has never been so strong. Our property management team is going gang-busters. Led by Sienna…
Interesting that policies aimed at addressing housing affordability are being released in the major parties final push. Too little, too late perhaps? We’re not the only ones looking at housing affordability. In the UK, the Queen’s Speech (basically, the Government’s agenda) included a proposition by which local authorities require commercial landlords to hold rental auctions…
So…Interest rates. The elephant in the room for recent months. Despite this week’s interest rate rise – 0.25% increase off the all-time low of 0.10% in November 2020, this is the first increase in well over a decade.It feels like a shock for buyers who’ve never seen this before, but rates are still very low…
Fabulous turnout at the Avalon ANZAC Day services. And the fine drizzle finally ceased as ‘Hallelujah’ was sung, a moving moment. Well done Avalon!One consequence of the strength of the property market over the past 2 years, and of the reopening of borders, with more people turning up from overseas, and expats returning (the increasingly…
Wasn’t the Easter Sunny break fab! Such a relief after all the relentless rain.But let’s go straight to property! We all know that the press do like a story…and for 2 years, that story has largely been the unrelenting rally in prices. That tone changed a couple of months ago in December, when the market…
So how has your first week of the end of daylight savings gone? Are you loving the early mornings? Or sad to see the end of those long evenings…?It is lovely to have a bit of sunshine peeping through between downfalls!Property prices. Well, I think we flagged our expectations previously. The frenzy is cooling, prices…
As if we didn’t already know…but interesting to see that Domain mag – in last weekend’s SMH – ran a ‘special’ on the Northern Beaches.Whilst we already know how fabulous it is the live here…now, thanks to Domain’s Chief of Research and Economics, everyone else does too!The report announces that “buyers have had their sights…
Well, that little respite from the rain was a relief. Although the forecasts indicate that it’s not all over yet, so don’t put your raincoats and boots away just yet. And make sure to check that you are insured against floods. Flood mitigation is an issue that we will continue to monitor.There’s still some uncertainty…
As we hurtle towards Christmas, there are still a few listings in Santa’s bag!Stats show that the market has continued to run hard and fast right through to the end of November. And we’re still going strong, albeit at a slightly more relaxed pace. Interestingly, as things ease up for Christmas, a new buyer group…
Rain, rain, go away. Unfortunately, it looks as if we’ll have to get used to this, with La Niña – looking likely to make for a fairly soggy summer. So, the drenching continues…! On the bright side it means that your garden will be blooming! It should also make it a great time to plant…
It’s true: It is getting close to Christmas – but it’s not over yet…!We’re still VERY busy, with some fantastic late offerings for you. Make sure you scroll down and view.One of the demands I’ve noticed over the last couple of years from buyers, is a growing interest in home offices or dedicated spaces to…
Well here we are; just 6 weeks ’til Christmas!Over the next two weeks we will be releasing our last listings before the Christmas break. And all of them are special! In fact, I am surprised to be able to offer such wonderful properties so close to the end of the selling season. So, if you…
With Climate Change very much in the news, and the weather starting to feel like summer, a thought on Solar…It seems clear that a well installed solar system is a winner! The ability to reduce or even remove ever-increasing electricity bills certainly makes sense. Even running ‘free’ air-con seems to be feasible, with the careful…
The housing rally is by no means just an Australian issue. Globally, the mixed outlook on inflation data is the only thing holding back rising interest rates as post-Covid recovery kicks off. Starting over the Tasman with New Zealand, central banks everywhere are either tightening, or talking about tightening, monetary policy.While it’s still very much…
The classic surf break at North Avalon is not the only attraction to this little pocket of the Peninsula. Students at Barrenjoey High School have been steadily achieving higher results, year-on-year, and the school is now considered one of the most successful in the area. The catchment area that surrounds it has also been achieving…
A ‘tremor’ rumbled the East Coast earlier in the week…the usual indicator of anything seismic happening around here – is rock falls on the headlands. Thankfully, it doesn’t seem to have registered…Without wanting to jinx it, it does look as if there is some light at the end of this lockdown tunnel. Although there are…