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FHOG

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: 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 The Real Estate Market in Australia

The Real Estate Market in Australia

Luxury real estate agent Michael Marquette of award winning agency Marquette Turner Luxury Homes brings you some short and sharp facts and figures to assist you in understanding the Australian real estate market as it currently stands.

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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 Sydney Real Estate Report: Snapshot at July 21, 2009

Sydney Real Estate Report: Snapshot at July 21, 2009

Luxury real estate agent Michael Marquette of Marquette Turner Luxury Homes gives his Sydney real estate report. The total sale numbers are significantly down throughout Sydney as are the total number of properties being taken to auction. Most activity is still at the first home buyer end of the market. Luxury sales in Paddington have been strong and Sydney’s Eastern suburbs have recorded some good sales.

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Thumbnail image for Michael Marquette’s “View from the Bridge”: Who’s to Blame for the Economy, Employment & Real Estate Troubles?

Michael Marquette’s “View from the Bridge”: Who’s to Blame for the Economy, Employment & Real Estate Troubles?

In Sydney real estate agent Michael Marquette’s “View from the Bridge”, he questions who is to blame for problems in Australian real estate, unemployment, underemployment and the economic woes.

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Thumbnail image for Buying Real Estate: Changes to the First Home Owner Grant – the facts

Buying Real Estate: Changes to the First Home Owner Grant – the facts

First home buyers of any type of property in NSW will be eligible for a $7000 grant for the purchase of any property – a new or existing dwelling. This is called the NSW first home owner grant. To be eligible for the additional supplement of $3000 you must purchase between November 11 2008 and June 30 2010. This is called the NSW Home Buyers Supplement.

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

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

First home buyers have certainly paid far too much for their sub-$500,000 properties with the assistance of the First Home Owner’s Grant. Many employers are pushing for wage freezes for the next 2 years and some are asking employees to work less or job share. Foreign Banks are retreating back to their home bases and reducing the size of their workforce. Credit availability is still scarce with Governments all around the world requiring massive amounts of finance to sustain enormous deficits.

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Thumbnail image for REALITY CHECK: The First Home Owner’s Grant Must be Scrapped (with podcast)

REALITY CHECK: The First Home Owner’s Grant Must be Scrapped (with podcast)

monogram-mini-whiteThe First Home Owners Grant (FHOG) has to go. Quite simply, it is placing massive strain on the housing market, strain that is hidden and yet to be felt. I have long been an advocate of Government spending money on first class infrastructure. Michael Marquette, Marquette Turner Luxury Homes

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