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Housing Affordability

Australian House Prices Decline for First Time in 17 Months

the growth of Australian housing prices has ground to a halt. In June, real estate prices fell by 0.7 per cent, the first decline in 17 months. Furthermore house prices grew by just 0.1% over the quarter. Clearly interest rates and the stepping back of Federal Government stimulus program are having an effect. There are also election-related jitters and share market concerns playing their role.

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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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Luxury Real Estate News: 16 July 2010 Marquette Turner Luxury Homes eMagazine

In the 16 July 2010 issue of the Marquette Turner Luxury Homes eMagazine we feature an outstanding waterfront eco-home on 40 acres in the Australian bush, learn about Disney’s new step into luxury vacation homes, and see the least affordable housing markets. There’s also the “Mercury” very-fast train concept from the UK, the latest world headlines, our new strategic partnership to cut the costs involved in buying property in international markets, and a great banana and walnut muffin recipe. And as always, there’s some great luxury homes, including new listings in the Hollywood Hills and Florida.

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The Most Unaffordable Real Estate Markets

In the latest Demographia International Housing Affordability Survey, Australia is the most over-priced nation and thus least affordable in the study, with five of the top six cities surveyed also being Australian. The survey, which covers 272 markets in Australia, Canada, Ireland, New Zealand, the United Kingdom and the United States, is now in its 6th year.

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View from the Bridge: The Real Estate Hype

The Global recovery is very much in its infancy and Australia cannot escape the fact that we are part of the global economy. Australian Treasury Secretary Dr Ken Henry said yesterday that Australia’s growth would remain below its trend level for at least the next year. Sydney real estate agent Michael Marquette of luxury real estate agency Marquette Turner Luxury Homes continues, stating that Dr Henry went further to say that “evidence of a self sustaining recovery in private activity remains tentative at this time”.

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Australian Real Estate is Ultra Expensive: Michael Marquette’s “View from the Bridge”

Australian real estate agent Michael Marquette of luxury real estate agency Marquette Turner Luxury Homes has frequently  the misinformation the media tends to give regarding real estate prices. In his “View from the Bridge” today Michael Marquette refers to an housing affordability study in 2009 that compares Australian real estate (noting Gold Coast real estate, Sydney Real Estate, Brisbane real estate and more), Canadian real estate, Irish real estate, New Zealand real estate, American real estate and British real estate.

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Australian Real Estate Report: Rental Prices Fall Across Capital cities in Australia

Australian real estate agent Michael Marquette of Luxury real estate agency Marquette Turner Luxury Homes looks at the current state of real estate rentals in all of the capital cities in Australia, including sydney real estate, melbourne real estate, brisbane real estate, hobart real estate, darwin real estate, perth real estate, canberra real estate and adelaide real estate.

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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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The MASTERPLAN Part 4: Banking, Company Regulation and Limiting the Size of Corporations (with podcast)

Even if those loans which are currently recognized as “toxic” are isolated and bought by the US Government or other institutions or States, there are still so many variables which could cause chaos – the banking system has so much to still be exposed.

…Summary Thoughts With only 25% of the worlds finance coming from banks and the three largest US Banks close to insolvent, the world has to deal with some enormous issues and this will require a united regulatory framework for the future and a limiting of the size of corporations as an international security measure.

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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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