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view from the bridge

Thumbnail image for Michael Marquette’s “View from the Bridge”: The Recovery is a Long Way Off (with podcast)

Michael Marquette’s “View from the Bridge”: The Recovery is a Long Way Off (with podcast)

monogram-mini-whiteI believe that a true recovery is quite a way off. There may be two steps forward, mirrored by two steps back and another 2 sideways as the world restructures and struggles its way out of the mess we now find ourselves in. This is not a quick fix situation and those claiming anything of the sort should be ignored. Michael Marquette, Marquette Turner Luxury Homes

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Thumbnail image for Michael Marquette’s “View from The Bridge”: Is America Heading Toward Bankruptcy?

Michael Marquette’s “View from The Bridge”: Is America Heading Toward Bankruptcy?

I have been encouraged  over the last week at the willingness of vendors and buyers to listen to us and consider our advice. It would be a foolish person who would declare that the market has changed but deals are happening as all parties have been willing to give and take. Economically the news worldwide is worrying and finally we are starting to hear that this crisis is more than just a confidence issue – it is fundamental. The world immersed itself in debt, more debt than ever before as people bought houses, shares, personal goods and lived extravagant lifestyles that they could not sustain.

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Thumbnail image for Michael Marquette’s “View from the Bridge”:  HOT TIP – Buy, Buy, Buy!  (with podcast)

Michael Marquette’s “View from the Bridge”: HOT TIP – Buy, Buy, Buy! (with podcast)

monogram-mini-white Respected “money man” Paul Clitheroe, wrote in the Sunday Telegraph that he believes now is the right time to buy. He cited prices dropping by around $60,000 in good Sydney suburbs, rental increases of up to 17.8%, vacancy rates at 1.2%, the first home owner grant and low interest rates.

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Weak: Reserve Bank of Australia Makes Wrong Decision (with podcast)

The Reserve Bank of Australia (RBA) has decided to leave the official cash rate at 3.25%.

This is the wrong decision – the real estate market is continuing to slow and Australia still has the highest cash rates in the developed world.

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Thumbnail image for The MASTERPLAN Part 1: My “Solution” to the Economic Mess (with podcast)

The MASTERPLAN Part 1: My “Solution” to the Economic Mess (with podcast)

If I could come up with a solution to the crisis the world is experiencing then surely I would be famous and extremely wealthy. Many would expect me to be showered with praise and receive millions of letters and calls from thankful people. In an ideal world that would be the case but we do not live in an ideal world. As we are now seeing there are so many interest groups who place their goals ahead of that of the common good and getting agreement on any proposal is next to impossible.

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Thumbnail image for Michael Marquette’s “View From The Bridge”: Australian Bushfires a National Tragedy

Michael Marquette’s “View From The Bridge”: Australian Bushfires a National Tragedy

In what is a devastating and defining week for everyone in Australia, it is hard to put feelings into words. The somber mood around the country is all consuming and our hearts and prayers are with all those involved.

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Thumbnail image for Michael Marquette’s “View From The Bridge”: Australia’s Financial Stimulus

Michael Marquette’s “View From The Bridge”: Australia’s Financial Stimulus

The Australian Federal Government has announced a $42 billion stimulus package just shortly before the Reserve Bank of Australia provided another welcomed boost to the economy by cutting official interest rates by 100 points (1 per cent) to 3.25 per cent.

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Thumbnail image for Sydney Real Estate Prices Tumble

Sydney Real Estate Prices Tumble

Property prices in Sydney are falling fast, with the Luxury Harbour Suburbs taking the biggest tumble. Housing prices in the Eastern Suburbs fell 14% last quarter, with the Lower North Shore decreasing by an equally huge 13% for the same period.  With Sydney’s median house price now officially at $536,000, $32,500 less than the $568,500 reached in early 2004, it is now time for vendors to get real or suffer the consequences.

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Michael Marquette’s view from the bridge

Property owners are choosing to list earlier this year in the run up to Spring.  Many are searching for answers after being on the market for months without success and others are hurting under the pressure of high interest rates and the ever increasing cost of living. The decrease in the value of the Australian […]

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