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Thumbnail image for Australian Housing Affordability and Household Debt

Australian Housing Affordability and Household Debt

We have long argued that Australian real estate prices are at unaffordable levels. It is, of course, easy to prove ones own argument by finding information and statistics that support it. So, we set out to disprove ourselves, by finding current expert opinion from reputable sources.

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Thumbnail image for Waterfront Property on 40 Acres of Native Bushland in Macmasters Beach, Australia

Waterfront Property on 40 Acres of Native Bushland in Macmasters Beach, Australia

Set on the Macmasters Beach waterfront upon 40.97 acres of lush paddocks, serene palm groves, and native vegetation this wonderful property sets the benchmark for native Australian-living. The house has been designed to ensure that no matter which room you are enjoying, you can appreciate the setting, the bush and water views, the sounds and the sea breeze.

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Brisbane, Australia

Queensland Office new location to be revealed soon! Tel: 1300 737 778 (local) +61.2.9844.5493 (International) Fax: 1300 767 926 (local) +61.2.8088.7416 (International) [mappress]

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Sydney, Australia

Southern Hemisphere &  Australian Head Office Australia Square 264 George Street Sydney NSW 200 Tel: +61.2.8005.6337 Fax: +61.2.8088.7416 [mappress mapid=”79″]

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Thumbnail image for Reserve Bank Keeps Australian Interest Rates on Hold – July 2010

Reserve Bank Keeps Australian Interest Rates on Hold – July 2010

The Reserve Bank of Australia has decided to keep interest rates on hold for another month. The official cash rate is currently 4.5% and with confidence decreasing throughout the economy, some people are questioning whether a rate reduction is needed. Some economists are predicting flat or negative price growth for the remainder of 2010.

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Thumbnail image for Australian Real Estate Market Update July 2010

Australian Real Estate Market Update July 2010

Analysts believe that the drop in auction clearance rates in Australia are showing that prices will fall in the second half of the year. The property market has begun to relax over the last couple of months. Consumer confidence declined 7% in May and the interest rate rises have finally started to have an impact. And, despite new laws being introduced, the cumulative effect will take a long time to materialize.

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Thumbnail image for Secluded Hillside Retreat For Sale in Mount Barker, South Australia

Secluded Hillside Retreat For Sale in Mount Barker, South Australia

This family residence, with sun-drenched living & entertaining rooms overlooks the spectacular hills district and is perfect for those seeking privacy and total seclusion. A custom-built residence, circa 1994, the property is set on a huge 7.916 hectares and features soaring ceilings, sunken living, and garden vistas from every single room. This is certainly one of the best homes currently available in the Hills District. It is offered for sale between $820,000 – $890,000 AUD.

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Thumbnail image for June 2010: Australian Interest Rates Kept on Hold at 4.5%

June 2010: Australian Interest Rates Kept on Hold at 4.5%

After raise after raise, there has been some reprieve for borrowers with the Reserve Bank of Australia deciding to keep interest rates on hold at 4.5% following their June meeting. The RBA has clearly taken into account the debt crisis in Europe, as well as closer to home economic data including somewhat less than enthralling consumer confidence and weak retail sales.

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Thumbnail image for The Top Property Sale in Australia for 2010…So Far

The Top Property Sale in Australia for 2010…So Far

A six bedroom, five bathroom property in the prestigious Sydney suburb of Vaucluse has become the biggest sale in Australia for 2010 so far. A European-style villa set on three storeys, with stunning harbour, city and bridge views, the property belonging to private equity investor Patrick Keenan and his wife, Elizabeth sold for under its $30 million AUD price tag.

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Thumbnail image for Australian Interest Rates Raised 25 Points to 4.5% – May 2010

Australian Interest Rates Raised 25 Points to 4.5% – May 2010

With inflation at the higher end of the Reserve Bank of Australia’s desired levels (currently at 2.9%), a surge in house prices in March, worldwide GDP growth revised upwards, and Australia’s terms of trade rising more than expected, the RBA in their monthly meeting on the first Thursday of the month have once again increased interest rates by 25 basis points. This means that the basic cash rate now stands at 4.5%.

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