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Thumbnail image for Australian House Prices Decline for First Time in 17 Months

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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Thumbnail image for Michael Marquettes View from the Bridge: Sydney Property is More Expensive than New York

Michael Marquettes View from the Bridge: Sydney Property is More Expensive than New York

Michael Marquette of Marquette Turner Luxury Homes writes: In raising interest rates yesterday by 0.25% the Reserve Bank of Australia has signaled that it is hugely concerned by the level of property prices in Australia. Without question prices for residential dwellings decreased since the beginning of the financial crisis. What is also without question is that properties under $600,000 AUD have been uncomfortably increasing in price throughout 2009.

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Thumbnail image for Real Estate News: Reserve Bank of Australia Increases Interest Rates Again

Real Estate News: Reserve Bank of Australia Increases Interest Rates Again

The Reserve Bank of Australia has, on Melbourne Cup Day, raised interest rates. For the second month running, rates have increased by 25 basis points (.25%), increasing from 3.25% to 3.5%. Should the RBA raise rates again in December, it will be the first time Australian rates have ever been increased in three consecutive months.

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Thumbnail image for View from the Bridge: Australians Far Too Complacent About the Economy

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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Thumbnail image for The Four Phases of Australian Interest Rates

The Four Phases of Australian Interest Rates

With Australian interest rates at historic lows, consumers are quite conscious that it won’t last forever. Simon Turner of luxury real estate agency Marquette Turner Luxury Homes in this article talks about the four phases of interest rates that Australia has experienced in the last 30 to 40 years.

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Thumbnail image for Interest Rates: Reserve Bank Hold Rates in Australia for September 2009

Interest Rates: Reserve Bank Hold Rates in Australia for September 2009

The Reserve Bank of Australia has decided to put rates on hold for another month. Luxury real estate agent Michael Marquette of Marquette Turner Luxury Homes provides commentary regarding Australia’s official rate of 3% being the highest in the OECD.

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Thumbnail image for Australia’s Economic Outlook: Michael Marquette’s “View from the Bridge”

Australia’s Economic Outlook: Michael Marquette’s “View from the Bridge”

In this article of Luxury real estate agent Michael Marquette’s “View from the Bridge” he looks at the economic outlook for Australia. Looking at Australian Bureau of Statistics data, retail margins, sydney house prices, brisbane house prices, melbourne house prices, and more, as well as interest rates, housing bubbles, household debt, and inflation, the general nature of this article is of great importance.

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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 Australian Interest Rates at Lowest Level in History

Australian Interest Rates at Lowest Level in History

The Reserve Bank has slashed interest rates to the lowest level in history to 4.25%. The Reserve Bank cut rates by a full 100 basis points (1%), making property an attractive option for those in search of investment options given the volatility of the stock market. Australian interest rates have averaged over 8% for the […]

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Australian Interest Rates Slashed by 0.75%

The Reserve Bank of Australia (RBA) has cut its key interest rate for the third month in a row as it attempts to prevent Australia’s economy stalling. The central bank trimmed three-quarters of a percentage point – or 75 basis points – off its key cash rate, reducing it to 5.25%, the lowest level since […]

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