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Dallas, Texas, USA

Hot Dallas Housing Market – Renting May Be the Solid Financial Option

It is no secret the American dream includes home ownership. But the real question is does it make financial sense? In many of the hottest real estate markets in the United States the answer is probably not. Dallas housing prices are forecast to grow 10% as reported in the Dallas Morning News just last week. […]

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How to Present Your Home for Viewing On a Tight Budget

When it comes to selling your home, it’s important that you have it looking great so that prospective buyers can get an idea of what it would be like to make their own memories in that house. However, you don’t want to begin dumping a lot of money into getting your home ready for viewing, […]

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Thumbnail image for Australian Interest Rates Increase Again – April 2010

Australian Interest Rates Increase Again – April 2010

The Reserve Bank of Australia (RBA) has once again raised its official cash rate by a further 25 basis points to 4.25%, its fifth increase in its past six meetings (since October 2009). Governor Glen Stevens stated that the view of the RBA is that the global economy has continued to improve and domestic activity is recovering whilst the bank seeks to ensure that Australia’s economic expansion remains on track without an outbreak of inflation.

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Thumbnail image for The MASTERPLAN Part 3 – Government Debt (with podcast)

The MASTERPLAN Part 3 – Government Debt (with podcast)

It is a staggering amount of money, almost incomprehensible but currently the United States Government is running a General Fund debt of approximately $11 trillion. I find it too hard to fathom but they really are – what are they thinking? The US Debt is spiraling out of control. On October 18, 2005 the outstanding US Public Debt past $8 trillion and is increasing by approximately $1 trillion each year. Put another way the US Public Debt increases by approximately $3.6 billion US each day.

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Thumbnail image for Reserve Chief Says Don’t Worry Be Happy!

Reserve Chief Says Don’t Worry Be Happy!

The Governor of the Reserve Bank of Australia, Glenn Stevens, addressed the House of Representatives Standing Committee on Economics this morning and assured them that things are not as bad as they may think. He believes that China’s boom is continuing, and said “There is no reason for any downturn to be a deep one.” Stevens believes that Australia has room to cut interest rates further and that the Australian economy is fundamentally strong.

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Thumbnail image for Michael Marquette’s “View From The Bridge”: Australia’s Financial Stimulus

Michael Marquette’s “View From The Bridge”: Australia’s Financial Stimulus

The Australian Federal Government has announced a $42 billion stimulus package just shortly before the Reserve Bank of Australia provided another welcomed boost to the economy by cutting official interest rates by 100 points (1 per cent) to 3.25 per cent.

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Thumbnail image for Michael Marquette’s “View from the Bridge”: Australian-Interest Rates And The Banks

Michael Marquette’s “View from the Bridge”: Australian-Interest Rates And The Banks

The Reserve Bank of Australia has cut interest rates by a full 1% (100 basis points) to 3.25%. The question that needs to be asked is why this wasn’t done an entire month ago in January?

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Thumbnail image for Sydney Real Estate Prices Tumble

Sydney Real Estate Prices Tumble

Property prices in Sydney are falling fast, with the Luxury Harbour Suburbs taking the biggest tumble. Housing prices in the Eastern Suburbs fell 14% last quarter, with the Lower North Shore decreasing by an equally huge 13% for the same period.  With Sydney’s median house price now officially at $536,000, $32,500 less than the $568,500 reached in early 2004, it is now time for vendors to get real or suffer the consequences.

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And The Survey Says…

A consumer survey taken at the end of 2008 revealed that three quarters of home loan borrowers were meeting their loan repayments and feeling financially more secure in comparison to earlier in the year (up almost ten per cent). The survey, undertaken by the Mortgage and Finance Association of Australia (MFAA) in association with Bank […]

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Simon Turner’s “The Real State”: Aiding The Bubble Will Just Aid The Burst

Keeping up with the ever-changing commentary and realities of the Australian and worldwide economy (which don’t necessarily work in-congruence) can be pretty daunting. Whilst no economist myself, I nonetheless happily offer my opinion on “the real state” of play as I see them. There have been a number of moves taken by Kevin Rudd of […]

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