Australia Will Likely Avoid Recession

Australia’s economy will avoid a recession next year, helped by lower interest rates, government spending and exports.
A recent Report (Economic Outlook No 84) by the Paris-based Organization for Economic Cooperation and Development (OECD) stated that the Australian economy will grow 1.7 percent in 2009 from 2.5 percent this year, before accelerating to 2.7 percent in [...]

WISE GUY: Auction Clearance Rates – What They Really Show

Weekly auction clearance rates do not paint a particularly clear picture. They have quite a small sample size and show a lot of week-to-week volatility.
If clearance rates are on the way up, does this signal an improving property market? Well maybe, but before we pass judgement on the state of the market, we really need [...]

Australian Auction Clearance Rates: Week Ending 23 November

Here are Australia’s auction clearance rates for the capital cities for the weekend ending 23 November, 2008, courtesy of RP Data.

Simon Turner
FYI: Read related articles on Auctions; or Buying Real Estate; Credit Crunch; or Interest Rates

Baz Luhrmann’s AUSTRALIA

Baz Luhrmann’s “Australia” the movie is out in theaters/cinemas right now, starring Nicole Kidman and Hugh Jackman.
The reviews have been mediocre – particularly in Australia – but for those of you who have yet to visit Australia or those that need a reminder of just how stunning the heartland of Australia is, we wouldn’t be [...]

On The Cards: Another Australian Interest Rate Cut

The Reserve Bank of Australia (RBA) will meet on Tuesday 2 December and, the Marquette Turner team expect, they will make a fourth consecutive cut to the official interest rate.
A survey of 18 economists by the Australian Associated Press revealed the following:

All 18 economists believe the RBA will cut interest rates
11 economists expect the [...]

The Latest MTLH e-magazine: Thanksgiving

“Bailout” has been named as the “Word of the Year”, being the word that has been searched the most in online dictionaries and has become suddenly infused into daily language.  “Turmoil” was up there too!
Things may be worse than they were perhaps a year ago, but please take a moment to think of all the [...]

Pete Sampras Sells His Californian Home

Whatever level of real estate, at whatever price, there are still numerous stories of people that, whilst not necessarily “doing it tough” are still struggling to find success in the current real estate market.
The world’s greatest ever tennis player, Pete Sampras (based on Grand Slam titles I must add, before I get heaps of corrections!), [...]

If A Deal Sounds Too Good To Be True…

Overseas property still remain enthusiastic when the right investment is presented to them, as the results of a campaign of 14,000 investors displayed when questioned on the subject of “Irresistible deals”.
investors were presented with the opportunity to acquire an apartment in Paris with a nine year rental guarantee, taxes paid by the government, 100% [...]

The Next Seven Star Complex

Z10 Tower is a seven star hotel, luxury residential apartments, and satellite offices all in one place that combines sophisticated style and cutting-edge technology all at once. The diamond-shaped glazing thermally protects the outer skins of the building, which in turn increases the magnificence of the building and allows 360 degrees views.

Designer Dinesh Doshi [...]

The World’s Top 10 Millionaire Households

Even during these tough times, there are more millionaire households in the world than at any other time, with the growth highest in China and Europe.
The total number of millionaire households in the world (ie. those with assets of $US1 million or more) now stands at 9.6 million.
This represents only 0.7% of all households, owning [...]