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View From The Bridge

Thumbnail image for Michael Marquettes View from the Bridge: Sydney Property is More Expensive than New York

Michael Marquettes View from the Bridge: Sydney Property is More Expensive than New York

Michael Marquette of Marquette Turner Luxury Homes writes: In raising interest rates yesterday by 0.25% the Reserve Bank of Australia has signaled that it is hugely concerned by the level of property prices in Australia. Without question prices for residential dwellings decreased since the beginning of the financial crisis. What is also without question is that properties under $600,000 AUD have been uncomfortably increasing in price throughout 2009.

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Thumbnail image for “View from the Bridge”: The State of the Australian Real Estate Market

“View from the Bridge”: The State of the Australian Real Estate Market

What is the state of the Australian real estate market? Luxury real estate agent Michael Marquette of Marquette Turner Luxury Homes in his View from the Bridge column looks at rental prices, the first home owners grant, coastal areas, price reductions, the sale of LJ Hooker, International Monetary Fund, and household debt.

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Thumbnail image for View from the Bridge: The Real Estate Hype

View from the Bridge: The Real Estate Hype

The Global recovery is very much in its infancy and Australia cannot escape the fact that we are part of the global economy. Australian Treasury Secretary Dr Ken Henry said yesterday that Australia’s growth would remain below its trend level for at least the next year. Sydney real estate agent Michael Marquette of luxury real estate agency Marquette Turner Luxury Homes continues, stating that Dr Henry went further to say that “evidence of a self sustaining recovery in private activity remains tentative at this time”.

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Thumbnail image for View from the Bridge: Australians Far Too Complacent About the Economy

View from the Bridge: Australians Far Too Complacent About the Economy

Despite the monumental shift in the World economy and the considerable distance we still have to travel to recover and restructure, the Australian media, Reserve Bank and the population as a whole has decided to put their heads in the sand. The overwhelming sentiment is that Australia has in some way missed the worst of the economic crisis and is powering ahead. Sydney real estate agent Michael Marquette of luxury real estate agency Marquette Turner Luxury Homes explains that the decision of the Reserve Bank to lift interest rates from 3% to 3.25% today is testament to this way of thinking

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Thumbnail image for “View from the Bridge”: The Real Estate Misinformation Continues

“View from the Bridge”: The Real Estate Misinformation Continues

In the latest installment of luxury real estate agent Michael Marquette’s “View from the Bridge” he talks of media misinformation. Apparently, there are happy home buyers who had paid 5-10% above reserve price to ensure they received the First Home Owner’s Grant (FHOG) which ends on September 30, 2009. There was no discussion of the stupidity of buyers who had spent an additional $30,000 to $50,000 to purchase these homes in order to receive the $14,000 FHOG – I would gladly give someone a $14,000 payment if they gave me $30,000 or $50,000 extra in return.

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Thumbnail image for Luxury Real Estate around the World by Michael Marquette

Luxury Real Estate around the World by Michael Marquette

Continuing his “View from the Bridge” series, luxury real estate agent Michael Marquette of Marquette Turner Luxury Homes talks about the luxury real estate market throughout the world. Following on from the Luxury real estate Conference in Vail, Colorado, there was much discussion by brokers from around the world on this particular subject.

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Thumbnail image for 2009 September 09: Invest or Spend Our Way to a Better Future?

2009 September 09: Invest or Spend Our Way to a Better Future?

The subject of business, money, finance and economic prudence effects us all. Luxury real estate agent Michael Marquette’s “View from the Bridge” this week looks at whether Federal Government policy requires spending or investment to ensure a brighter economic future for us all. Includes podcast.

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Thumbnail image for Australian Real Estate is Ultra Expensive: Michael Marquette’s “View from the Bridge”

Australian Real Estate is Ultra Expensive: Michael Marquette’s “View from the Bridge”

Australian real estate agent Michael Marquette of luxury real estate agency Marquette Turner Luxury Homes has frequently  the misinformation the media tends to give regarding real estate prices. In his “View from the Bridge” today Michael Marquette refers to an housing affordability study in 2009 that compares Australian real estate (noting Gold Coast real estate, Sydney Real Estate, Brisbane real estate and more), Canadian real estate, Irish real estate, New Zealand real estate, American real estate and British real estate.

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Thumbnail image for Sydney Real Estate and Infrastructure: Michael Marquette’s “View from the Bridge”

Sydney Real Estate and Infrastructure: Michael Marquette’s “View from the Bridge”

Sydney real estate, Sydney Infrastructure and New South Wales infrastructure are topics very close to Michael Marquette, the renowned luxury real estate agent that heads up Marquette Turner Luxury Homes. He comments that the regional rail transport is aging, is unreliable and is slower than it was 20 years ago. Surely there is a major problem that needs urgent resolution.

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Thumbnail image for Australian Real Estate Affordability: Michael Marquette’s “View from the Bridge”

Australian Real Estate Affordability: Michael Marquette’s “View from the Bridge”

How Affordable is Australian Housing? Sydney real estate agent Michael Marquette of Marquette Turner Luxury Homes notes that according to the latest results from the Housing Industry Association-Commonwealth Bank First Home Buyer Affordability Report, housing affordability has fallen during the June quarter. Also, The structure of family is changing due to the enormous cost of housing throughout Australia and more people are choosing to live together to share and reduce the cost burden.

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