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first home owner boost

“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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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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Michael Marquette’s “View from the Bridge”: the New Economic Normal

Sydney real estate agent and Co-President of luxury real estate agency Marquette Turner Luxury Homes talks of the new economic normal. The new “normal” will see people spending less and saving more. Choosing not to constantly eat out at restaurants and cafes will be seen as “smart”. Reputation will be more about someone’s show of responsibility rather than the colour of their credit card. Friends and family will become more important as people spend more time at home – the new “normal” is not about returning to the way we were and continuing spending – it is a fundamental shift in the way we approach our lives.

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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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Buying Real Estate: Changes to the First Home Owner Grant – the facts

First home buyers of any type of property in NSW will be eligible for a $7000 grant for the purchase of any property – a new or existing dwelling. This is called the NSW first home owner grant. To be eligible for the additional supplement of $3000 you must purchase between November 11 2008 and June 30 2010. This is called the NSW Home Buyers Supplement.

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REALITY CHECK: The First Home Owner’s Grant Must be Scrapped (with podcast)

monogram-mini-whiteThe First Home Owners Grant (FHOG) has to go. Quite simply, it is placing massive strain on the housing market, strain that is hidden and yet to be felt. I have long been an advocate of Government spending money on first class infrastructure. Michael Marquette, Marquette Turner Luxury Homes

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Sydney Property is Selling, but Mostly at the Lower End of the Market

Sales results are slowly starting to trickle in for the year and it seems that the lower end of the market is leading the way. Very few Luxury Homes have sold in the last 7-14 days, although first homebuyers are continuing to take advantage of the $14,000 government grant and the stamp duty concessions.

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First Home Owner’s Grant (Australia)

AUSTRALIA: If you are planning on buying your first home, then you may be eligible for the First Home Owner Grant (“FHOG”).  It is a national scheme funded by the States and Territories and administered under their own legislation.

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