E-Magazine
Every week, Marquette Turner releases its e-magazine, containing highlights from the most popular MTLH articles, as well as other news and views.
Simply select the date below to view the e-magazine that interests you:
You can of course subscribe at any time to receive the latest e-mag.
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19th December 2008 – the Final 2008 issue
Luxury Home: Rainforest, State [...]
The Latest MTLH e-magazine – 22 Nov 08
This week we present stories such as Luxury Home Sales in Sydney: The Truth and Fiction; The Beckham Effect, where we look at David Beckham’s very first home and what it’s on the market for as well as his current home in California with Posh Spice-wife, Victoria; we also look at the cost of parking [...]
WISE GUY: Why Does the Australian Dollar Suddenly Have So Few Friends?
It was almost like you went to put the kettle on during the ad break and everything changed with the Australian Dollar: one minute we’re pushing (almost) the 1 AUD for 1 USD and within a few months the AUD is struggling to buy 60 cents US.
Not being an economist, and learning on the run [...]
Cheaper to Fly? The World’s Most Expensive Cities to Park Your Car
Experts suggest that the price of parking your car is, in general, inversely proportionate to the amount of office space available.* Therefore, due to a relative glut in commercial office space in Australian cities, we have some of the highest parking rates in the world!
Monthly Parking Rates (all in US Dollars)
London City, UK [...]
Reserve Bank has blood on its hands – We must have further interest rate cuts – NOW!
Continued: Part 2 of a 2 Part Report
The massive decrease in housing sales volumes has decimated State Government budgets as they lose hundreds of millions of dollars in would be stamp duty revenue. The flow on effect through to builders, other trades people, real estate agents and so many others throughout the economy is [...]
Reserve Bank has blood on its hands – We must have further interest rate cuts – NOW!
Part 1 of a 2 Part Report (read Part 1)
Yesterday’s rate cut of 75 basis points 0.75%) was the right decision by the Reserve Bank of Australia (RBA). Fifty points (0.5%) definitely would not have been enough after the release of some of the worst economic data in many years. I had predicted in an [...]
Place Your Bets: The Interesting Interest Rate Debate
Tuesday 4 November 2008 is shaping up to be a historical day:
The US Presidential Election will either see the first African-American President (Obama) or the first female Vice-President (Palin) together with the eldest first-term President (McCain).
The Reserve Bank of Australia will meet and, all things being equal, will almost certainly cut interest rates.
It’s Melbourne Cup [...]
How to Survive the Sale Process – What you must know!
Times are difficult – sale volumes are down and the process of selling your home is taking longer than it has for years. Today we have heard that Australia may be heading toward a recession – the first in 18 years! The US Federal Reserve has cut official interest rates by 0.5%, the Japanese Government [...]
Insights: Some of the Business Lessons I Learned at the Who’s Who Conference
Last week whilst at the Who’s Who in Luxury Real Estate Annual Conference and Award’s in Philadelphia, Michael Marquette & myself (representing Marquette Turner Luxury Homes) were awarded the title of the World’s Most Oustanding Rookie (New Luxury Real Estate Agency).
Therefore, as the “newbie” we were in the company of other winners, some that were [...]
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 [...]
How Is Sydney and Australia Weathering The Global Storm?
It is time to speak out loudly about what is happening in Sydney’s real estate market. Clearly it does vary from suburb to suburb and looking at the Luxury end of the market there has been a slight reduction in price in some areas. Properties at the very top end (over $10M) are holding their [...]
Is the US Heading for a Recession or the Almighty “D” word?
On my way across to the US yesterday I really couldn’t help but hear people on the plane discussing the state of the US economy. Confidence is very low and it would seem as a foreigner that Americans are looking for change which seems to be Barack Obama. The Americans I have met so far [...]
Michael Marquette’s View from the Bridge: the wash-up and the melt down
Australian interest rates have fallen, consumer confidence is up, unemployment is down, and the Australian share market has hit its lowest point in 2 ½ years. Furthermore, the Australian dollar is hovering around US80 cents and oil has now fallen below $92 a barrel. The US stock market has just had its largest fall in [...]
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 dollar [...]
View from the bridge: Michael Marquette’s take on the current market
The media is continuing to report further economic doom and gloom with Australian Property Monitors telling home owners to brace for a 10% reduction in property values over the next 12 months.
With inflation at 5.9% and Australian banks writing off hundreds of millions of dollars the prospect of a reduction in interest rates anytime soon [...]
MyHome closes its doors
The MyHome real estate website will be shutting its doors this Friday, proving that the top players in the Australian online market are harder to dislodge than even the biggest and richest wannabees thought.
For the past 15 months, owners of MyHome, giants Microsoft and PBL, have spent tens of millions of dollars in an attempt [...]
25 year old buys $28million mansion
The 25-year-old son of Bulgarian immigrants has snapped up one of the most expensive properties in Australia.
Internet entrepreneur Daniel Tzvetkoff paid 28 million Australian dollars (26 million US dollars) for an uncompleted beachfront mansion on Queensland’s Gold Coast, The Sydney Morning Herald reported Tuesday.
The mansion will have an estimated value of between $50 million [...]
Queer eye for the straight Penguin’s
A developer from Sydney who spent a fortune buying up a quaint Tasmanian town to transform it into a boutique seaside resort is packing up after a campaign featuring death threats and homophobic attacks.
Stephen Roche and his partner arrived in Penguin — population: 3,000 — four years ago with a dream of recasting its picturesque, [...]
Australia’s Mortgage Black Hole
Home loans are likely to become even harder to get because analysts underestimated Australia’s reliance on the now-shaky securitised mortgage market, and business borrowers could be foremost among those feeling the mortgage squeeze.
Around 13% of Australian home loans were security backed – shorthand for mortgages packaged together and sold on the sharemarket – in late [...]
Kylie Minogue Puts French Island Up For Sale
Pop princess Kylie Minogue is selling her holiday house on French Island in South Australia.
The 221 acre property, including a lavishly renovated four-bedroom home is where she sought refuge after breast cancer surgery in 2005.
The four-bedroom property on French Island, a two-hour boat trip from her Melbourne hometown, is expected to go for $2 million [...]
