Up Not Out.

Firstly, thank you to those of you who have noticed that I’ve had a hiatus of sorts and haven’t penned a missive for a few weeks. The short story is we’ve been busy, not ‘too busy’ mind you (*waves to the competition).

I’ve also discovered that there is a correlation between receiving death threats and writers block…a story for another day perhaps.

What better day for an Irishman to stick his head back over the parapet than St Patrick’s Day, a special edition! Due to technical reasons you are now getting this on Paddy’s Day + 1… how very Irish?

Let’s get on with it shall we? Probably the most significant development in the property market recently has been the interest rate cut (aka shave) and its ensuing impact. On the topic of development, I’ll circle back on that.

We’ve seen an increase in sales activity in the last few weeks but I’d put to you that the marginal improvement in local sentiment has been somewhat neutralised by the level of ‘cray’ bursting out of the White House. I’m not particularly political but it seems to me that the ghastliness of reality TV has now well and truly hit the mainstream. I guess all we can do is wait and see. Markets don’t like surges in uncertainty but it feels like a king tide in Washington.

The other hot topic has been the confirmation of the State Government’s seismic shift on permissible development around town centres. It’s happening folks, Minns has made it clear that urban sprawl is now going vertical and it’s sure to change the complexion of old Sydney Town and as expected many folks are up in arms.

We have a housing shortage, therefore we need a housing solution and I’m all for it…just as long as it’s not on my doorstep (sarcasm intended).

We live in interesting times, I’m going to log off now as the Wi-Fi in my secret bunker is playing up.

Until next week,

David Murphy