Australia’s Auction Clearance Rates – Week Ending December 14, 2008
Here are the auction clearance rates for Australia’s capital cities for the week ending December 14, 2008.
Source: RP Data
Simon Turner
FYI: Read related articles on Auctions; Clearance Rates; Buying property
Dubai Goes Out Of This World
There’s the Palm Shaped Island and there’s the Map of the World. And just when we thought planners in Dubai could possibly have run out of new concepts, they’re planning the Universe!
Suddenly buying a tree branch or a country doesn’t look quite the same, when Saturn or Mercury are on offer!
Whilst a couple of [...]
Australian Auction Clearance Rates: Week Ending 7 December 2008
Simon Turner
FYI: Read related articles on Auctions; or Luxury Homes; or Buying Real Estate
London Luxury Home Prices Continue To Fall
The world’s most expensive location for prime real estate behind Monaco, Central London has seen luxury home values fall for an eighth month. Such locales include Mayfair, St John’s Wood, Regent’s Park, Kensington, Notting Hill, Chelsea, Knightsbridge, Belgravia and the South Bank neighborhoods of London.
As recently reported by Bloomberg, in November the approximate average [...]
WISE GUY: Auction Clearance Rates – What They Really Show
Weekly auction clearance rates do not paint a particularly clear picture. They have quite a small sample size and show a lot of week-to-week volatility.
If clearance rates are on the way up, does this signal an improving property market? Well maybe, but before we pass judgement on the state of the market, we really need [...]
Australian Auction Clearance Rates: Week Ending 23 November
Here are Australia’s auction clearance rates for the capital cities for the weekend ending 23 November, 2008, courtesy of RP Data.
Simon Turner
FYI: Read related articles on Auctions; or Buying Real Estate; Credit Crunch; or Interest Rates
Investors LOOK Here: Properties With a Price Reduction!
Without fear nor contest, the following listings of Marquette Turner Luxury Homes have received a price reduction in the past week, with the explicit consent of the owner.
Woollahra
Stockton
Merewether
Corlette
Simon Turner
FYI: Read related articles on Luxury Homes; or Buying Real Estate; or Investment
WISE GUY: John McGrath, What Planet Are You On?
I read an article today on the Domain blog in Australia (owned by Fairfax Media) and I cannot believe the total rubbish it conveyed to people. I am so disappointed that I feel forced to discuss it. We can all recognize that someone has done well for themselves – we can praise and applaud that [...]
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 [...]
Newcastle – The Forgotten City
Marquette Turner Luxury Homes does a considerable amount of work with clients in Newcastle selling their Luxury Homes. They want the wonderful features of the city to be properly and fully communicated to a national and international audience – it’s sad that the “local” agents focus on advertising in the local newspaper, which I must [...]
Who’s in Recession?
The news is moving more quickly than I can keep up with. I have just arrived back to the office after running my dogs and CNN announced that Germany is in recession. So when we look at the world’s largest five economies, three are in recession, the United States is all but in recession and [...]
I Have A Dream: NSW Stamp Duty Slashed
Over the last month or so I have had numerous discussions with people from all around the world about the level of Stamp Duty we pay in Australia on property transactions. In my opinion it acts as a huge disincentive for people to transact and puts additional and unnecessary barriers in place for buyers and [...]
The UK in Recession
It’s difficult to watch the television, read newspapers or generally go outside of your home right now without being bombarded with negative news on the economy. The US economy is all but in recession, New Zealand is already in recession, Japan is in recession and as of today so is the United Kingdom.
The Governor of [...]
BRAIN MATTERS: When Will The Roller Coaster Ride End?
This is a question on many people’s lips and our colleague in San Fransisco, Jim Walberg, has some great points worthy of noting.
“THE key to our economic recovery is real estate values and consumer confidence. Real estate is the oil that fuels our economic engine. Generally, real estate is having a similar feel that we [...]
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 [...]
Hide Your Personals! Protecting your privacy when selling your home!
Putting your property on the market poses two very personal concerns:
invasion of privacy: that your personal life will be on show;
theft: your personal effects are prey to any “prospective” buyers
De-clutter your property before placing it on the market for sale: this is my first tip of advice for those vendors concerned with their privacy being [...]
Buying Abroad: Marquette Turner makes the front cover of British magazine
The British magazine “Buying Abroad” has chosen to feature a luxury home of Marquette Turner’s on the front cover of their latest issue, as part of their feature on Australian and more specifically Sydney property.
Catering for the legions of British real estate investors that choose to look overseas to make their investment, the magazine showcases [...]
How Google Maps can be used to make solar power decisions for your home
As energy prices continue to climb, the idea of utilizing solar energy is common sense. The process of getting solar panels installed, however, is quite the opposite.
RoofRay, a new Californian business, aims to give home owners better information to enable them to make more informed environmental decisions for their home. Using the site’s modeling [...]
What goes up, can also come down!
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It may seem obvious that what goes up must come down, but there are some property owners out there that are learning this the hard way. Quite simply, the appreciation of real estate is not a guaranteed birthright, nor [...]
