News Archive
The 3 Moons of Real Estate
28 November 2008
At the time we write this report we can see what we call the “3 moons of real estate" coming into alignment . The first moon is home interest rates which are expected to dip further and reach their lowest level in the first half of next year. The second moon is rents, which have been rising for about 2 years now, due to the shrinking supply of property inve... read news item »
Market Update - September 2008
24 September 2008
Since opening our first real estate office in Mona Vale in 1994, we have not seen such turbulent conditions in the Sydney, and in particular Northern Beaches property market. In 1994 there were approx 13 real estate agencies located in Mona Vale and by February 1st 1995 only 8 remained. This was a direct result of the slowing of the market with extended sales times for properties and a general lo... read news item »
We live in interesting times!
25 July 2008
Welcome to the winter 2008 edition of the Patterson Morton real estate property report . Since our last report there have been significant changes in the direction of the real estate markets around Australia and indeed, further changes are expected over the coming 6-12 months. Over the past few months the deterioration and upheaval of the U.S. financial markets and U.S. real estate mark... read news item »
Interest rates bite!
25 July 2008
There is no doubt that the more recent series of interest rate hikes in our Australian market have created a number of effects on the local property market. What many potential buyers are discovering are that the banks are generally more cautious to whom they will lend money. It is generally taking ( despite promises of quick answers from the banks) a lot longer to get the final answe... read news item »
Industry Advertising Survey in 2007
25 July 2008
A very interesting survey of 301 real estate agents across Australia in 2007 found…... Based on the findings of a industry survey in 2007 that across Australia the advertising of property via Internet is now the most powerful medium of advertising has resulted in Patterson Morton investing approx $100,000 over the next 2 years to upgrade our internet presence . &n... read news item »
The emergence of electronic marketing in real estate.
03 June 2008
In a recent survey of 301 real estate agents around Australia late last year, it was found that over 40% of all sales enquiry came from internet related sources. In opposition was the long established media at a sliding 27%. The next was the old faithful agents database of potential buyers in at approx 24%. The signboard was last at around 9% but still an essential ingredient in the recipe of mar... read news item »