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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 economy is…wait for it…put up taxes and hit families and small businesses hard.  What planet are they on?

In this issue of our e-mag we’ve tried hard to balance the heavy and light-hearted to keep things running smoothly for you.  We haven’t sugar-coated the bad news, but we’ve made sure there’s some luxury and fun included.

It’s no secret that Barack Obama utilized the internet and social networking massively during his election campaign.  We note that Australia’s political leaders have taken this onboard too, meaning that as well as Facebook and MySpace, you can now follow Kevin Rudd on Twitter and also Liberal leader, Malcolm Turnbull.  See for yourself by clicking on the links, and don’t forget you can follow the Marquette Turner team too (see the bottom of this email for the links, and also more information).

Keep checking our blog to stay informed on life and its luxuries – it’s updated many times a day.  You can check out the Nov 14 e-mag, or browse through our blog right here, right now.


Michael Marquette & Simon Turner

“A government big enough to give you everything you want, is strong enough to take everything you have” Thomas Jefferson

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As well as his residential home, former Coalition Foreign Affairs Minister Alexander Downer and his wife own a vineyard.

Former employment and workplace relations minister Joe Hockey, and his wife Melissa Babbage, live in their home in Hunters Hill, but together also own a Canberra property in the exclusive suburb of Forrest, as well as investment properties in Sydney and Queensland.

Mr Hockey is not the only MP with an impressive real estate portfolio – Opposition frontbencher Bronwyn Bishop lives in Newport most of the time, except during parliamentary sitting weeks when she resides at her Canberra home in the upmarket suburb of Barton.

Ms Bishop also owns investment properties in Lyons, also in the ACT, and in the fashionable inner Sydney suburb of Potts Point.

Opposition treasury spokesman Malcolm Turnbull, who is worth about $125 million, holds shares in a raft of companies, as well as real estate in Point Piper, Rose Bay and Canberra.

In the pecuniary interests tabled last week, Mr Turnbull revealed he owns a number of assets worth more than $7500, including “boats, artwork, books, furniture, life insurance policies”.

His wife Lucy Turnbull also owns an investment property in Paddington.

Opposition Leader Brendan Nelson owns just one property – his home in St Ives – but his deputy Julie Bishop is a real estate mogul by comparison.

Like Dr Nelson, Ms Bishop is another Coalition frontbencher who has taken a massive pay cut.

But it’s tempered by the fact she owns antiques, shares in Telstra and properties in Western Australia, South Australia and the ACT.

West Australian MP Michael Keenan – a frontbencher for the first time in the Coalition – holds an enormous portfolio of shares, plus his home in Scarborough, WA, two investment properties in Canberra and a parcel of land, also an investment.

Leader of the National Party Warren Truss also owns two residences, one in his home state of Queensland and the other in Canberra, as well as farm land.

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