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First-Home Buyers

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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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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“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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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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“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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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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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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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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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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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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