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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 […]

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 […]

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 […]

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 […]

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. ****************************** 19th December 2008 – the Final 2008 issue […]

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 […]

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 […]

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 […]

The Latest MTLH e-magazine: Nov 14, 2008

With news that Germany is now officially in recession, is the domino effect in full swing?  Can Australia resist – maybe, maybe not – hopefully New South Wales is not the trendsetter.  As the only Australian state in recession, the hapless State government has decided that the best way to stimulate growth and kick-start the […]

The State of New South Wales…Literally

The City of Sydney and The State of New South Wales are both projected to grow by huge amounts in the coming years. As Australia’s largest state, and indeed the only one in recession, such growth could perhaps be the state’s saving grace and is certainly a rare bit of good news. 63% of NSW […]

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 […]

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 […]

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 […]

Warren Buffett: Handling Tough Times

In a time where debt is catching up with companies and individuals alike it is important to look at those who have led the way: what have they done to amass their wealth and importantly what have they avoided doing?   With banks and countries collapsing (Iceland is teetering the brink of bankruptcy), Japan is […]

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 […]

BREAKING NEWS: Australian Interest Rates Cut By 1%

Pundits, experts, and economist’s alike all predicted that the Reserve Bank of Australia (RBA) would today cut interest rates, but by a whole percentage point (100 basis points) is quite dramatic. The cash rate now stands at 6%, down from 7%, with some predicting that rates may even fall to 5% in 2009. Worldwide stock […]

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”: the Springtime interest rate cut is a breath of fresh air

After the comments both Simon Turner and myself made earlier in the week both predicting and welcoming the Reserve Bank of Australia’s cut to interest rates by 25 basis points, I have received many thoughts from vendors, buyers, agents and other consumers all agreeing that such respite is indeed welcoming. One response, however, stuck out. […]