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Kevin Rudd

Thumbnail image for Michael Marquette’s “View from the Bridge”: Australia’s Property Boom

Michael Marquette’s “View from the Bridge”: Australia’s Property Boom

You only need to read the headlines with such stories as “Record Bidding”, “Hot Auctions”, to see that the property market is once again red hot. With such record-setting, red-hot fever, however, comes concerns. The issue of affordability equally makes the headlines, particularly with the Reserve Bank of Australia having increased interest rates the last five out of six times that they have met and building approvals either stagnant or declining. Additionally, wages are not growing anywhere near fast enough to keep up with the cost of living.

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Thumbnail image for Michael Marquette’s “View from the Bridge”: Spending Frenzy, Recession, and Real Estate

Michael Marquette’s “View from the Bridge”: Spending Frenzy, Recession, and Real Estate

Michael Marquette, Partner at Marquette Turner Luxury Homes, looks at how real estate in Australia continues to suffer by the senseless need to use credit as if it were “free cash”.

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Thumbnail image for The MASTERPLAN Part 3 – Government Debt (with podcast)

The MASTERPLAN Part 3 – Government Debt (with podcast)

It is a staggering amount of money, almost incomprehensible but currently the United States Government is running a General Fund debt of approximately $11 trillion. I find it too hard to fathom but they really are – what are they thinking? The US Debt is spiraling out of control. On October 18, 2005 the outstanding US Public Debt past $8 trillion and is increasing by approximately $1 trillion each year. Put another way the US Public Debt increases by approximately $3.6 billion US each day.

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Thumbnail image for The MASTERPLAN Part 2: Credit Cards, Consumer Credit & Endless Economic Growth (with podcast)

The MASTERPLAN Part 2: Credit Cards, Consumer Credit & Endless Economic Growth (with podcast)

Australians owe approximately $45 billion AUD on credit cards and is ranked as the third most indebted nation in the world when comparing total household debt to Gross Domestic Product (GDP), behind the UK and the US. … Who hasn’t seen a television commercial offering credit cards with low introductory interest rates on balance transfers (except for cash withdrawals which instantly are charged at the top rate) to entice people to further increase their personal debts?

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The Road Home: Cutting Homelessness In Half

The number of Australians living on the streets will be halved in the next 12 years, Prime Minister has asserted recently. Launching the Government’s White Paper on Homelessness, “The Road Home”, Mr Rudd outlined the Federal Government’s plans for reducing homelessness in Australia by 2020, with specific goals to cut homelessness by half and provide […]

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The Latest MTLH e-magazine: Nov 14, 2008

With news that Germany is now officially in recession, is the domino effect in full swing?  Can Australia resist – maybe, maybe not – hopefully New South Wales is not the trendsetter.  As the only Australian state in recession, the hapless State government has decided that the best way to stimulate growth and kick-start the […]

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Simon Turner’s “The Real State”: Aiding The Bubble Will Just Aid The Burst

Keeping up with the ever-changing commentary and realities of the Australian and worldwide economy (which don’t necessarily work in-congruence) can be pretty daunting. Whilst no economist myself, I nonetheless happily offer my opinion on “the real state” of play as I see them. There have been a number of moves taken by Kevin Rudd of […]

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View from the Bridge: Michael Marquette’s comments to the Australian Financial Review

Home owners and investors have welcomed suggestions that the Reserve Bank of Australia will cut interest rates this year, but will the Banks pass the rate cuts onto borrowers? Prime Minister Kevin Rudd has told Australians to change banks if they fail to pass on rate reductions. The banks have had no problem increasing rates […]

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Budget ’08: Housing affordability and property investment

The budget has introduced a range of measures to address housing affordability. The Government is committing to spend $623 million over four years on a rental affordability scheme that will stimulate the construction of new rental properties by providing investors with $8000 a year for 10 years for each property that they rent out for […]

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Budget ’08: First Home Buyers

The Federal Government has made its centre-piece scheme to tackle housing affordability more equitable. The initial plans for the Rudd Government’s first-home saver account scheme gave more benefits to higher-income earners than it did those most in need of assistance. In the 2008 Budget, however, it has outlined a revised scheme that would help all […]

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