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Marquette Turner Luxury Homes were awarded the World’s Most Outstanding Luxury Agency Under 2 Years Old in 2008 by the Who’s Who in Luxury Real Estate, and we would like a design to use on our marketing material.

Any one from anywhere can enter this competition via the award winning 99designs website.

Read the DESIGN BRIEF to find out more details of the competition and enter.

Good luck, and stay tuned for more future competitions, or email us (info@marquetteturner.com.au) if you’d like to be informed of new competitions.

Simon Turner

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A $80 million AUD luxury development in Point Piper, Sydney, has been handed over to the banks after two of the companies for which property tycoon Michael Bezzina was associated, Caprice Pty Ltd and Pyoanee Pty Ltd, were place in receivership.

Located in Point Piper, Mr Bezzine was expecting to achieve $14 million AUD for the penthouse-style apartments, however, three of the apartments have allegedly exchanged for $10 million AUD each.

The development comprises waterfront apartments, each occupying an entire floor with balconies looking out to the Harbour Bridge and Opera House. They have four bedrooms, four bathrooms and a guestroom, as well as a jetty.

In September, one of Michael Bezzina’s company’s that developed the $100 million AUD Jade complex in Surfers Paradise, was put into liquidation. The company reportedly paid $17 million for the site six years ago, of which six out of the nine apartments have sold, one of which sold for almost $20 million, while the penthouse at the complex remains on the market for $22 million.

It is worth noting that the quality of Bezzina’s developments is outstanding, and his financial troubles should not be allowed to cloud the stunning properties that he has been involved in creating.

Simon Turner

FYI: Read related articles on Sydney Property; or Luxury Homes; or Sydney Harbour

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THIS WEEK’S ARTICLES: Rainforest Living in Queensland; Raffles Residences Manila; Swarovski Bathroom Faucets; Chinese Property Taxes; US interest rates; Australian Banks on the Assault; The Malibu Home of Sting; The Rotating Bath Tub; The W New York…

We bring you the last installment for 2008 of our look at luxury property, design and concepts from Australia and around the world.  Your support throughout the year has made the MTLH blog the most viewed of its kind in Australia and contributed to Marquette Turner Luxury Homes being named as The World’s Most Outstanding Luxury Agency Under 2 Years Old.  Not bad in just a year, and 2009 promises to be even bigger and better.  Thank you!

Please enjoy this week’s articles, or as always you can stay here and read the MTLH blog.

We wish you a fantastic & safe festive period.

Michael Marquette & Simon Turner

Subscribe to the MTLH e-magazine.


LUXURY HOMES
See our luxury homes showcased in Australia & Around The World


FINAL THOUGHT

“Cheers to a new year and another chance for us to get it right.” Oprah Winfrey

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 decades will probably be required to create the islands (when perhaps real estate throughout the world will have been through a few more cycles), Dubai certainly shows no interest in slowing down their creativity.

Simon Turner

FYI: Read related articles on Dubai; or Palm Island; or real estate

Simon Turner

FYI: Read related articles on Auctions; or Luxury Homes; or Buying Real Estate

This week we present stories such as Luxury Home Sales in Sydney: The Truth and Fiction; The Beckham Effect, where we look at David Beckham’s very first home and what it’s on the market for as well as his current home in California with Posh Spice-wife, Victoria; we also look at the cost of parking your car in some of the most expensive cities in the world; you can customize your bathtub for a pretty penny; and our WISE GUY shows why the Australian dollar suddenly has run out of friends.

And lots, lots more.

To read the latest e-magazine: CLICK HERE

“Be a fountain, not a drain.”
Rex Hudler

Here are the auction clearance rates for Australian capital cities, for the weekend ending Nov 02, 2008.

Source: RP Data

FYI: See more articles on Auction Clearance Rates, Real Estate and The Auction Strategy

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 has announced a $50 Billion stimulus package, the Chinese have cut rates by 27 basis points and we in Australia have only a few days to go until our Reserve Bank announces what it will do with interest rates.

My prediction is that the Reserve Bank will cut rates by another 1% and I wouldn’t be shocked if they cut rates by an even greater amount. At this point in time the real estate market is crawling along and anything that can add confidence to the market will be welcomed. The fact is that money (for those fortunate enough to have it) must be invested somewhere. The stock market is proving volatile and difficult and as interest rates are cut on home loans, so too will be the interest rates offered on cash deposits – property starts looking better and better.

Property has been the safest investment in Australia for more than 100 years and with our currency devalued against the US dollar, Euro, British Pound and the Yen there is an enormous opportunity presenting for vendors to sell their homes to foreigners. We at Marquette Turner Luxury Homes are excited about the opportunity to attract international buyers and as members of the Who’s Who in Luxury Real Estate, are working hard to showcase Australian Luxury Homes to a worldwide audience.

The best advice for vendors – be patient (although it will be difficult), trust your agent and most importantly choose the right agency to represent your home right from the start. It’s important to have the very best representation – our worldwide recognition is something that we are very proud of.

 

                

Michael Marquette

It may not be too long until Barack Obama and his family call the White House in Washington their home. Until then, however, they’ll be making do with their property in Greenwood Avenue, Chicago, Illinois which was purchased in 2005 for $US1.65 million.

Simon Turner

FYI: More articles on Barrack Obama, the US Presidential Race, and Homes of the Rich & Famous

Overlooking Sailors Bay, this fantastically positioned, two storey home offers all the charm and beauty of Northbridge without losing any of its original character.

This property is ideal for the astute buyer who requires the peacefulness of city fringe living, yet the accessibility and convenience of being so close to the CBD of Sydney (7 kilometres away). This will appeal to those looking for a “community” appeal, and being positioned so close to all North Shore Private Schools is certainly a great asset.

More information: Learn more about this property by clicking the images above, CLICK HERE

CONTACT: Christine Watson on +61 414 352 680 or via email Christine@marquetteturner.com.auor Michael Marquette on +61 433 170 170 or via email Michael@marquetteturner.com.au

FYI: See more of our Luxury Australian Properties

A week is a long time in life – the news is good, then it’s bad, the market is up and then it’s down. Our trip around the world over the last couple of weeks has taken us to Philadelphia, New York, Los Angeles, London, Dublin and San Fransisco.  Back in Sydney it’s so clear how small the world is: everywhere the same topics are on people’s lips: the US Presidential Election and the Economy.

Fear of the unknown can often be the most stressful aspect of life, so the best way to manage such fear is to keep as informed as possible.  Hopefully our articles will help, and ultimately ensure that you’re ready to seize an opportunity when it appears.

Staying updated is the best medicine: our latest e-magazine is out now, so please click on the link 24 October 2008 or browse through our blog.

Regards,
Michael Marquette & Simon Turner



13th Annual Luxury Real Estate Fall Conference in Philadelphia, PA, USA, Oct. 11-14, 2008

Read more about the AwardsMarquette Turner Luxury Homes will be there, we’re up for an award and we’re excited!

Michael Marquette & Simon Turner

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