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Hi!

Welcome to the latest MTLH eMagazine. Inthis edition Michael Marquette in his regularcolumn gives an insight into the state of the currentAustralian real estate market. There's also articleson Asia's most expensive luxury apartment, thevalue of The White House in Washington DC, plusauction results, eating chocolate whilst dietingand much more. Enjoy reading and have a greatweekend. All the best,

Michael Marquette & Simon Turner.

“The quickestway to doubleyour moneyis to fold itin half and

put it back inyour pocket.”- Anonymous

“View from the Bridge”: TheState of the Australian RealEstate MarketMichael Marquette’s “View from the Bridge”

There is a confusing array of messages being conveyedby journalists, real estate brokers, economists andGovernment and sorting through it all is hard work to

say the least. Are prices going up? Are rental prices onthe rise? Is the economy powering ahead? These arequestions that need answering and by looking at some ofthe available evidence we can sort through the haze.

Since peaking in the March quarter Australian weeklyrental prices have dropped on average by 4%. Manypeople have used the First Home Owner’s Grant topurchase a home and that has relieved some of thepressure on rental prices. It’s also worth looking atthe number of properties advertised for sale right now.There are 14% less properties on the market this Octoberas compared to the same time last year.

This decrease in stock levels is assisting to holdresidential sale prices up, especially for homes belowthe $1 million level. The high-demand Coastal areas areselling for significant price reductions when comparedto the same time last year, with the ever popularGold Coast recording sales with an 8% price reduction(approximately). The activity has without doubt been atthe lower end of the market, in line with the First HomeOwner Grant.

So what other information might help us establish whatis really happening out there? Australia’s second largestreal estate Group, LJ Hooker, has made a net profit of$8 million in the last 12 months as compared to $14million the previous year. In short, sales activity hasdecreased on the whole and sales have been at the lowerend of the market, with fewer trophy sales. Average salescommissions are significantly lower than 12 months ago.

Australians have purchased homes with the help of thebig four banks over the last 12 months, especially at

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the First Home Owner Level. The First Home OwnerGrant has created an artificial price bubble and bankshave loaned money to people with small deposits andlittle room to move as interest rates increase – this is afrightening situation.

The International Monetary Fund has warnedAustralian Banks could be at risk of losing $33 billionAUD due to bad loans to customers who would struggleto repay the debt. We are still seeing companies collapseor go into receivership on an almost daily basis and thelevel of underemployed in the country is estimated to beanything from 10-15% of the total workforce or around1 million people.

Household debt is still at around $3.5 trillion AUD,up from around $700 million AUD just 10 years ago.Essential debt deflation from households is still tocome and employers are being careful with wages andincreases in wages will be minimal at best in theforeseeable future.

With all of this evidence would a reasonable personexpect property prices to boom anytime soon? Arepredictions of 20% increases in property pricesrealistic? According to the 5th Annual DemographiaInternational Housing Affordability Survey, Australiaalready has over a third of the sixty housingmarkets ranked “Severely Unaffordable”. Australianhome buyers are already stretched further than mostother home buyers – there is little room to move towardeven higher levels of borrowing.

Michael Marquette on +61 433 170 170

If you enjoyed this article, why not tryone of these

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Article originally published on Marquette Turner LuxuryHomes

“View from the Bridge”: The State of the Australian RealEstate Market

HEALTH TIPS: Eat MoreChocolateThe Flat Belly Diet currently featured in the newmagazine Prevention, advocates the benefit of chocolateand avocado every day.

So what is MUFA? – food containing monounsaturatedfatty acids.

Although not low in kj’s they are essential foods high inMUFA and should be incorporated in each of our threedaily meals. Dark chocolate varieties with 70% cocoasolids, such as Lindt, Nestle’ Club or Cadbury Old Goldare the choices and a serving equals 4 or 5 squares. Thisis definitely my type of diet!!

Christine Watson

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• Health News: The World is Getting Louder and ourHealth is Suffering

Article originally published on Marquette Turner LuxuryHomes

HEALTH TIPS: Eat More Chocolate

India Flexing Muscle inAustralian Luxury RealEstateAt Marquette Turner Luxury Homes we watch our webtraffic very closely to assist in our marketing of LuxuryHomes and in predicting changing trends. One of themost profound shifts in our internet traffic in the lastquarter has been from India with almost 20% of visits toour website coming from India.

As India continues its emergence as a GlobalSuperpower, we are experiencing a surge of Indianinterest in Luxury Homes in Australia and the GreaterSouth Pacific. If only 1% of all Indians were wealthyenough to purchase abroad, there would be a massive12 million people with the ability to purchase LuxuryHomes.

The wealthiest 1% of the Indian Population control 16%of the country’s wealth. The power of the Indian eliteis undeniable and the Marquette Turner Luxury Homeswebsite is now available in Hindi which is proving to bea huge marketing advantage.

India is now the fourth highest contributor to Australianimmigration after China, New Zealand and the UnitedKingdom. India also was the highest contributor toAustralia’s temporary arrivals which is a huge indicatorof migration trends. I am watching the buying choicesof our Indian clients closely and I am extremely excited

by the prospect of a new push in the purchase of LuxuryHomes.

Michael Marquette on +61 433 170 170

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Article originally published on Marquette Turner LuxuryHomes

India Flexing Muscle in Australian Luxury Real Estate

Luxury Hong KongApartment Sells for $57.3millionFor some people in some places the global financial crisishas proved merely a small blip on the real estate radar.

Take for example the sale of a luxurious apartment inHong Kong which has just sold for approximately $57.3million USD.

Located in one of the cities wealthiest districts, ConduitRoad, the Chinese buyer now has a magnificent 6,158square feet apartment with five bedrooms, grandharbour views, an aroma spa centre, fitness room andoutdoor yoga gym (part of the development). Basedpurely on value per square foot, it is the most expensivein Asia.

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Simon Turner

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Article originally published on Marquette Turner LuxuryHomes

Luxury Hong Kong Apartment Sells for $57.3 million

Australian Real EstateAuction Results forSeptember 2009This article features the latest Australian Capital City/State auction clearance results for September 2009, thatbeing for:

Perth real estate,

Adelaide real estate,

Melbourne real estate,

Brisbane real estate,

Sydney real estate,

Canberra real estate,

and Tasmanian real estate.

Whilst we don’t typically make comment on theseresults, it’s interesting to note the huge variationin Melbourne’s results for the last week (Sep 27th)compared to previous weeks. This is purely based on theAFL Grand Final being held in Melbourne that weekendand everything stopping to watch Geelong beat St Kilda!

View the August Results

Week Ending Sep 06, 2009

Week Ending Sep 13, 2009

Week Ending Sep 20, 2009

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Week Ending Sep 27, 2009

Michael Marquette on +61 433 170 170

If you enjoyed this article, why not tryone of these

• Australian Capital City Auction Clearance Results:August 2009

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Article originally published on Marquette Turner LuxuryHomes

Australian Real Estate Auction Results for September2009

Join the Foxtel Lap andHelp Us Raise Money forthe Murdoch Children’sInstituteMarquette Turner Luxury Homes and Total BodyConditioning are running in support of the MurdochChildren’s Institute in the Foxtel Lap at Martin Place,Sydney on November 13, 2009.

If you have 30 minutes to spare, we’d love you to join ourteam. You can help great causes such as research into theprevention and alleviation of asthma, allergies, diabetes,mental health and premature births.

Simply by a gentle walk on a treadmill (or a leisurelyrun if you prefer), you will also help in the raisingof $800,000 for the Institute, as well as getting freesinglets, caps, gym towels and refreshments!

Please Contact Christine ASAP to register your interestin taking part with us.

Christine Watson

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Join the Foxtel Lap and Help Us Raise Money for theMurdoch Children’s Institute