Search results

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 […]

2009: Imagine What Could Happen

It’s worth imagining what 2009 could bring. I am a not a pessimist but it is worth glaring into the crystal ball and letting go of today and dreaming – dreaming it is December 2009. Has the US Fed pumped trillions of dollars into the US economy and what has been the result? Have property […]

Australia Will Likely Avoid Recession

Australia’s economy will avoid a recession next year, helped by lower interest rates, government spending and exports. A recent Report (Economic Outlook No 84) by the Paris-based Organization for Economic Cooperation and Development (OECD) stated that the Australian economy will grow 1.7 percent in 2009 from 2.5 percent this year, before accelerating to 2.7 percent […]

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 […]

Short Vs Long-Term Interests: The Challenge For Australia’s Banks

The Reserve Bank of Australia’s (RBA) decisions to decrease interest rates over the last few months were welcomed by borrowers and lenders alike, most recently with the 0.75% cut in October and the 1% cut in September. The reality is, however, that most of Australia’s lending institutions have chosen not to pass on the full […]

Bank of England Cuts Interest Rates to Lowest Since 1955

The economic storm is penetrating every corner. The Bank of England’s Monetary-Policy Committee (MPC) has pulled of shock when most thought there are almost no surprises left: it has cut UK interest rates by 1.5% leaving them now at 3% – the lowest level since 1955. The boldness should be commended, although it clearly demonstrates […]

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 […]

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. […]

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 […]

Australian Banks Quickly Respond to Rate Cut

Michael Marquette: In what can only be described as a momentus day for Australian real estate, most of the country’s largest lenders have already chosen to pass on the majority of the 1% interest rate cut to borrowers. The Commonwealth Bank, National Australia Bank and Westpac have reduced their variable rate by 0.8% of the […]

“The Real State” by Simon Turner: How Safe are Houses?

The global market’s erratic performance over the last week has certainly called into question the financial strategies of many (including, it could be said, of the hapless President George W Bush). Regardless of whether one agrees or not in principle or practice with the Federal bailout in the United States, we should at least begin […]

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 […]

Breaking News: Australian Interest Rates Cut

Finally the pressures upon Australians will be eased and we have a reason to look positively at the property market in 2008. As commented yesterday by Simon Turner in his Word on the Street article, The Reserve Bank of Australia at 2.30pm today announced that they would cut interest rates by 0.25% (25 basis points). […]

Marquette Turner’s “Real Estate Radar”

Marquette Turner’s real estate radar® hones-in on property news to keep your finger on the pulse, and with interest rate cuts on the cards, our news couldn’t be more timely! A report conducted by the Real Estate Institute of Australia in June 2008 has showed that housing affordability has fallen across every Australian State and […]

Interest rates: the word on the street

The Reserve Bank of Australia will hold what could be a historic meeting tomorrow, Tuesday 2 September 2008. Should they decide to lower interest rates, it will be the first time in seven years that the cash rate has fallen after 12 successive rate rises. Most economists are suggesting there will be a cut by […]

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 […]

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 […]

Where Australian interest rates are heading

The Commonwealth Bank increased its interest rates this week, thus becoming the third of Australia’s banks to do so. The cost of a standard variable home loan offered by the CBA will rise with immediate effect by 0.14% to 9.58%. The Commonwealth Bank’s move comes after St George and BankWest raised rates on their standard […]