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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 The Four Phases of Australian Interest Rates

The Four Phases of Australian Interest Rates

With Australian interest rates at historic lows, consumers are quite conscious that it won’t last forever. Simon Turner of luxury real estate agency Marquette Turner Luxury Homes in this article talks about the four phases of interest rates that Australia has experienced in the last 30 to 40 years.

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Thumbnail image for Interest Rates: Reserve Bank Hold Rates in Australia for September 2009

Interest Rates: Reserve Bank Hold Rates in Australia for September 2009

The Reserve Bank of Australia has decided to put rates on hold for another month. Luxury real estate agent Michael Marquette of Marquette Turner Luxury Homes provides commentary regarding Australia’s official rate of 3% being the highest in the OECD.

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Australian Banks Quickly Respond to Rate Cut

Michael Marquette: In what can only be described as a momentus day for Australian real estate, most of the country’s largest lenders have already chosen to pass on the majority of the 1% interest rate cut to borrowers. The Commonwealth Bank, National Australia Bank and Westpac have reduced their variable rate by 0.8% of the […]

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Breaking News: Australian Interest Rates Cut

Finally the pressures upon Australians will be eased and we have a reason to look positively at the property market in 2008. As commented yesterday by Simon Turner in his Word on the Street article, The Reserve Bank of Australia at 2.30pm today announced that they would cut interest rates by 0.25% (25 basis points). […]

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