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FIRB

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 New Rules Governing Foreign Investment in Australian Residential Real Estate

New Rules Governing Foreign Investment in Australian Residential Real Estate

The Australian Government has announced a reintroduction of tough measures with regards to the rules for foreign investment in Australian residential real estate, only a year after relaxing requirements. The new rules bring into place tough new civil penalty, compliance, monitoring and enforcement measures on the back of foreign purchasers and real estate agents that have allegedly flaunted the laws. The measures mean that foreign non-residents can only invest in Australian real estate if that investment adds to the housing stock, and that investments by temporary residents in established properties are only for their use whilst they live in Australia.

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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 Real Estate Myths: Who Can Actually Buy Real Estate in Australia?

Real Estate Myths: Who Can Actually Buy Real Estate in Australia?

Whether it’s Sydney real estate, Melbourne real estate, Brisbane real estate, or any real estate for that matter in Australia, there are many rules, and even more myths about who can buy property in Australia. The Foreign Investment Review Board (FIRB) is the body with the power to decide who can and who cannot purchase homes in Australia. The rules are vague and difficult to understand but Marquette Turner Luxury Homes are best placed to guide you through the basics.

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Luxury Homes: Hope Island, Sanctuary Cove

Three stunning homes, three vacant blocks of land, and a water front parcel of land have just been listed by Marquette Turner Luxury Homes on Hope Island at Queensland’s Sanctuary Cove. Sanctuary Cove is Australia’s leading lifestyle community offering wonderful facilities and 24 hour active land and water security. Sanctuary Cove has Foreign Investment Review […]

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