
We have long argued that Australian real estate prices are at unaffordable levels. It is, of course, easy to prove ones own argument by finding information and statistics that support it. So, we set out to disprove ourselves, by finding current expert opinion from reputable sources.

Real estate news making headlines around the world for the period 24-30 July 2010 including Australia, Brazil, Bahamas, Canada, China, Costa Rica, France, India, Indonesia, Ireland, Israel, Japan, Mexico, New Zealand, Philippines, Russia, Romania, Switzerland, Thailand, Turkey, UK, USA and Vietnam.

Real estate news making headlines around the world for the period 13-23 July 2010 including Australia, Brazil, Bahamas, Canada, China, Costa Rica, France, India, Indonesia, Ireland, Israel, Japan, Mexico, New Zealand, Philippines, Russia, Romania, Switzerland, Thailand, Turkey, UK, USA and Vietnam.

Fractional ownership, also known as Co-ownership and not to be confused with Time Share, as a model for property ownership is becoming increasingly popular throughout the world. Buyers are presented with a way to own a luxury vacation home with such benefits as capital appreciation and without the astronomical price tag.

In the latest Demographia International Housing Affordability Survey, Australia is the most over-priced nation and thus least affordable in the study, with five of the top six cities surveyed also being Australian. The survey, which covers 272 markets in Australia, Canada, Ireland, New Zealand, the United Kingdom and the United States, is now in its 6th year.

Marquette Turner Luxury Homes, having properties listed for sale on five continents, are excited to form a global strategic partnership with foreign exchange company Realty-FX. With global barriers becoming of less and less importance, increasingly properties are being purchased by foreign buyers With global barriers becoming of less and less importance, increasingly properties are being purchased by foreign buyers that require foreign exchange services. Marquette Turner Luxury Homes and Realty-FX recognise the importance of providing clients with corporate rates for foreign exchange payments and lower transaction fees.

Interesting and topical real estate stories making headlines in print and online media from around the world for the week 7-12 July 2010 including Australia, Brazil, Bahamas, Canada, China, Costa Rica, France, India, Indonesia, Ireland, Israel, Japan, Mexico, New Zealand, Philippines, Russia, Romania, Switzerland, Thailand, Turkey, UK, USA and Vietnam.

A recent survey of the National Association of Realtors in the USA found that in the 12 months to March 2010, agents saw a marked increase in the interest of foreign buyers. Whilst still down from the lofty heights of 2007 when 32% of agents reported contact with foreigners, figures were up 5% to 28% in the 12 months surveyed. Furthermore, actual purchases in the period jumped 6% to 18% which represented $66 billion USD of property, or approximately 7% percent of the total market.

The Reserve Bank of Australia has decided to keep interest rates on hold for another month. The official cash rate is currently 4.5% and with confidence decreasing throughout the economy, some people are questioning whether a rate reduction is needed. Some economists are predicting flat or negative price growth for the remainder of 2010.

Interesting and topical real estate stories making headlines in print and online media from around the world for the week 30 June – 6 July 2010: including Australia, Argentina, Brazil, Canada, China, Costa Rica, France, India, Indonesia, Ireland, Japan, Lithuania, Mexico, New Zealand, Philippines, Russia, Romania, Thailand, Turkey, UK, USA and Vietnam.