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Thumbnail image for The Two Achilles Heels of the Australian Economy: Debt Levels and Housing Prices

The Two Achilles Heels of the Australian Economy: Debt Levels and Housing Prices

For years we have been arguing that Australian real estate prices are obscenely high and ultimately unsustainable. Despite our citing of data from such respected institutions and organisations as The Economist, the World Bank and the International Monetary Fund, it is only now that the message and our warnings seems to be catching up with reality. Are we predicting a massive bursting of an unflatteringly obese bubble?

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Thumbnail image for Who’s Working the Hardest? The OECD Publishes Society at a Glance

Who’s Working the Hardest? The OECD Publishes Society at a Glance

The Organization for Economic Co-operation and Development (OECD), the Paris-based group representing 25 countries, has just released “Society at a Glance”, giving an overview and comparison of social trends and policy development within the group. These include the amount of hours engaged in paid and unpaid work, life-expectancy, cultural tolerance and more.

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Thumbnail image for Australian Interest Rates Rise- the Shape of Things to Come for 2010

Australian Interest Rates Rise- the Shape of Things to Come for 2010

Seeking to cool a growing economy, the Reserve Bank of Australia has increased interest rates from 3.75% to 4% in a move widely expected by experts. As the only major economy to avoid recession (generally considered to be two consecutive quarters of negative growth), and the first to raise rates from 50-year lows as the economic crisis eased, it follows three consecutive rises at the end of 2009 but is the first rise for 2010.

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Thumbnail image for Australian Real Estate News Snapshot

Australian Real Estate News Snapshot

Michael Marquette of Marquette Turner Luxury Homes writes in November 2009. Average weekly earnings in Australia are now at $1248.80 AUD for an adult working full time. This represents an increase of 5.4% over the last 12 months and unemployment is remaining well below Treasury estimates at 5.8% – or 669,000 people. This is positive news for Australia although is best considered in conjunction with underemployment which is currently estimated between 10-15%.

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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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Thumbnail image for The Credit Crisis Confusion: Michael Marquette’s “View from the Bridge”

The Credit Crisis Confusion: Michael Marquette’s “View from the Bridge”

Luxury real estate agent Michael Marquette is not surprised at the confusion in the real estate market place, given the mixed messages the media is giving. They are inconsistent and hedging their bets is not helpful. We cannot be having a boom in property prices at the same time as having no boom. Marquette Turner Luxury Homes continue to say it like it is.

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Thumbnail image for Australia’s Economic Outlook: Michael Marquette’s “View from the Bridge”

Australia’s Economic Outlook: Michael Marquette’s “View from the Bridge”

In this article of Luxury real estate agent Michael Marquette’s “View from the Bridge” he looks at the economic outlook for Australia. Looking at Australian Bureau of Statistics data, retail margins, sydney house prices, brisbane house prices, melbourne house prices, and more, as well as interest rates, housing bubbles, household debt, and inflation, the general nature of this article is of great importance.

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Thumbnail image for 2009 July 28: Marquette Turner Luxury Homes eMagazine

2009 July 28: Marquette Turner Luxury Homes eMagazine

Luxury real estate company Marquette Turner Luxury Homes features articles in this emagazine on the world’s number 1 hotel in cape town, south africa, real estate news, australian auction results, salad recipe, melbourne real estate – notably in southbank, google maps takes on the world, luxury real estate, inflatable furniture, the economy, Michael Marquette’s View from the Bridge, the footpath library good cause, quotes and much more.

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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 Real Estate Prices & The Media: Michael Marquette’s “View from the Bridge”

Real Estate Prices & The Media: Michael Marquette’s “View from the Bridge”

In Michael Marquette’s “View from the Bridge” article today, he seeks to find the balance between “current” information and stories in the media and what the real estate market is actually doing. Drawing on the expert knowledge of Nobel Economics Prize Winner Paul Krugman, we’re reminded of the importance of making good decisions based on good information.

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