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 […]
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 […]
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 […]
How An Idea From Florida Could Help Australian Real Estate
Prices for homes in Australia have risen in the first half of 2008, according to the Real Estate Institute of Australia (REIA). The REIA report that median home prices rising across the country to $A459,216 by June 2008, up a slight 0.05% for the quarter and 6% for the previous year. Despite a decrease in […]
GO Zone: Overseas investors incentivised to invest in the USA
Following Hurricanes Katrina and Rita in 2005, the US Congress passed the Gulf Opportunity Zone Act, or GO Zone Act. The Act provides special tax incentives to spur rebuilding in the hurricane-damaged areas of Mississippi, Louisiana and Alabama along the Gulf of Mexico coastline. The GO Zone Act offers several tax benefits to properties built […]
A Little Inflation Is Like Being a Little Bit Pregnant
HAVING a little bit of inflation is like being a little bit pregnant. Is that old adage worth bearing in mind as consumer prices across the globe accelerate? Marquette Turner takes a look at what’s going on. According to an index produced by Goldman Sachs, global inflation was 4.8% in the year to November, two […]
Marquette Turner Luxury Homes 