
Interesting real estate and finance stories making headlines in print and online media from around the world 6-12 March 2010, including news from Australia, the US, UK, Qatar, Canada, Singapore and more.

Medine and Jane from Step by Step Property Success are property investors with 20 years’ experience to share. Together, their individual portfolios include 16 properties worth over $10m. And they’re going to share their knowledge in weekend seminars throughout Australia.

Interesting real estate and finance stories making headlines around the world from 27 Feb – 5 Mar 2010: Almost $1 billion of property sold in Melbourne in one weekend, but report suggests Sydney is struggling; Further praise for the property market in Brazil; Property investors in Dubai adopting a more cautious approach post global crisis; French Alps good for investment; Lifestyle buyers grabbing bargains in Italy; and more…

Here at Marquette Turner Luxury Homes we’re always looking at ways to improve the usefulness and functionality of MarquetteTurner.com. In response to many of your suggestions, this week we launched the first batch of our real estate resource pages, allowing readers to find useful topics and links by country.

There are a number of different rankings each year that hold authority, including Monocle (Tyler Brule’s incarnation following *Wallpaper) and Mercer, but the global affairs magazine, The Economist, is perhaps the most prestigious (and indeed uses data from Mercer). The report placed Vancouver, Canada as the most livable city in the world, with Vienna taking second place followed by Melbourne, Australia.

The Sydney median house price results for the 6 months to December 2009 have shown a recovering Luxury market with some fantastic gains throughout the Eastern Suburbs and the Lower North Shore. The Queensland market has also continued its recovery with some excellent median sale prices (houses) in the 6 months to December.

The Reserve Bank of Australia has decided to keep interest rates on hold at 3.75%. It was widely expected that interest rates would increase by 0.25% and the markets had already factored in that expected increase. Rates are still 3% less than when the current Federal Labor Government won power in November 2007.

Australia has performed very well in the last 12 months, in fact better than any other OECD country. So can we expect that to continue without end? Can we expect property prices and rents to continue to endlessly increase in Australia? A sensible and careful answer would be that Australia has performed better than most countries but to expect this to continue and take this for granted would be ill advised.

Despite the Global Financial Crisis, real estate hot spots in the United States exist. Generally these are based on those locations that possess strong regional economies and the brightest opportunities for job growth. Unsurprisingly, employment is the primary economic indicator for a strong American housing market.

Michael Marquette’s “View from the Bridge” this week looks at where Australian interest rates are heading: It is widely believed that Australian interest rates will increase by a further 0.25% when the Reserve Bank meets on February 2. The markets have already factored in the rise, with positive economic data showing continued strength within the economy.