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Little wonder Julia Gillard’s Fort Fumble finds itself in such a dire position on her first anniversary as Prime Minister. No candle or cake cutting (sigh of relief), even worse no partying: Julia Gillard reveals – why I knifed Kevin Rudd. Twelve months on, Julia Gillard and Labor slump to new lows which would explain why, constant internal bickering is the real explanation it’s not personal, it’s  policy – why Labor is flatlining.

When I read Julia Gillard outlines her plans for survival I could not help but notice her quote about the reasoning behind Kevin Rudd’s knifing “it became clear to me in the crucible of those days that the Labor caucus wanted a different path and a different leader.” A contradiction of terms (maybe) as Julia Gillard tells caucus to be patient when the Fairfax – Nielsen poll revealed that Kevin Rudd preferred as ALP leader: poll. The party faithful (tongue in cheek) found very few positives for Gillard in horror poll.

Alas, a year on, Rudd would do things differently which was met with a somewhat tinge of sobriety as the faceless waiters dispensed caucus refreshments consisting only of lemon, lime and bitterness? No thanks, Kevin. Party politics suggests absolutely no renaissance period for their reborn leader unworkable. Expectations of many more lemon twists: given leadership talk is killing Labor, says Peter Beattie, as party rallies behind PM.

BUY PRINT

This is a one – off aerial capture of Royal Sydney Golf Club at Rose Bay. The new swimming pool is ready for summer although I’m not sure what they’re going to construct in the vacant area below it?

Our invaluable Virtual Realty News subscriber mail suggests Julia Gillard has six months to turn the polls around given the Labor Party finds itself at odds (not great ones either). Betstar have Julia Gillard at $1.65 to lead Labor to the next election with Assistant Treasurer Bill (shortening) Shorten next at $4, Climate Change pioneer Greg Combat (I meant Combet) and Kevin (scissor hands) Rudd at $7.50. Little wonder consumer confidence levels are in rapid decline, or should that be a rapid response to economic concerns?

The rise and rise of the Aussie dollar has appreciated 21.82 per cent during the last twelve months which explains why the expats have all but withdrawn from our real estate markets. Manufacturing and retail have been hit much harder which then resonates through to consumer confidence in the Australian economy. The Westpac – Melbourne Institute Index of Consumer Sentiment fell by 2.6 per cent in June from 103.9 per cent in May to 101.2 in June. Trouble looms on the home front which is a natural progression moving on from consumer confidence declines – what remains to be seen is which real estate markets will remain in a holding pattern and those that will endure declines.

Winter chills price growth amid subdued auction sales reveals that in May 2011, the average discount rate for properties was 6.4 per cent, compared to 5.7 per cent in May last year. There is a twenty five per cent increase in the number of properties for sale in Sydney as compared to this time last year – I will get to Mosman shortly. During the first four months of 2011 only 8,271 home loans were approved for first – home buyers in NSW. This was the lowest number of loans recorded for the same period since 2004 and is sixty per cent less than the 20,982 first – home buyers recorded in the first four months of 2009.

Jonathan Chancellor’s Property Observer wrote this week home buyers and investors more hawkish than economists – 83 per cent of consumers expect rate rises over the next year, but that’s down on the 91 per cent recorded in February, according to the latest Westpac Melbourne index of Consumer Sentiment. This explains why the Reserve Bank plays a game of wait and see as household finances dive to the worst in at least 10 years.

I love all this data as it allows Richardson & Wrench Mosman & Neutral Bay (RWM) to sell our market via our online technologies. If you are a purchaser (not just in Mosman) you are correct in thinking a property crash is gaining momentum. If a real estate agency does not use a blog in this modern era it simply identifies how behind the time their business model is – given it is imperative that our demographic market remains educated about what is actually happening in our Mosman market. The real reason why real estate agents don’t have blogs is that they can talk but struggle with writing – criteria just as important given selling is not 100 per cent based on speech.

Margie Blok wrote in Title Deeds last week – Mosman Millions and Modern marvel sold which prompted me to do a Mosman house sales analysis from 1 January to 23 June 2011. To make matters interesting I extrapolated data for the same period in 2010 and 2007 which was prior to the Global Financial Crisis (GFC). Remember there is a twenty five per cent increase in properties for sale in Sydney presently – as compared to this time last year.

Data provided from Domain Property Data and RWM Research this data is from 1 January to 23 June for 2007/2010 and 2011.

Mosman – Total Number of Houses for Sale

• 2007 – 232
• 2010 – 208 (a 10 per cent reduction from the 2007 peak)
• 2011 – 161 (a 31 per cent reduction from the 2007 peak)

Total Mosman Houses Sold

• 2007 – 211
• 2010 – 183 (a 13 per cent reduction)
• 2011 – 118 (a 44 per cent reduction)

RWM Research: The Mosman housing market is actually defying the trending seen in other Sydney suburbs given the available volume of houses for sale is actually contracting.

Total Value of Mosman Houses Sold

• 2007 – $565,505,720
• 2010 – $464,616,550
• 2011 – $198,296,000*

*denotes that 49 houses have entered a zero sale price – the Total Value for 2011 is still months away from final determination.

Adjusted Mosman Auction Clearance Rate

• 2007 – 40 per cent
• 2010 – 35 per cent
• 2011 – 32 per cent

RWM Research: Mosman has one of the lowest if not the lowest auction clearance rates in Sydney.

Mosman Median House Price

• 2007 – $2,260,000
• 2010 – $2,200,000
• 2011 – $2,100,000*

*denotes that 49 houses have entered a zero sale price – the Mosman Median House Price is still months away from final determination.

Mosman Average House Price

• 2007 – $2,680,121
• 2010 – $2,685,644
• 2011 – 2,792,901*

*denotes that 49 houses have entered a zero sale price – the Mosman Average House Price is still months away from final determination.

MOSMAN – 2088

• Number of houses on the market last week – 104
• Number of houses on the market this week – 97
• Number of apartments on the market last week – 99
• Number of apartments on the market this week – 99

RWM Research: The total number of houses for sale dropped below 100 this week which would have to be the lowest number available in living memory

CREMORNE – 2090

• Number of houses on the market last week – 17
• Number of houses on the market this week –  17
• Number of apartments on the market last week – 38
• Number of apartments on the market this week – 33

NEUTRAL BAY – 2089

• Number of houses on the market last week – 12
• Number of houses on the market this week – 9
• Number of apartments on the market last week – 63
• Number of apartments on the market this week – 65

For this week’s sales in Mosman real estate, Beauty Point real estate, Clifton Gardens real estate, Balmoral real estate, Cremorne real estate, Cremorne Point real estate, Neutral Bay real estate, Cammeray real estate Click Here

Now you have the most exacting explanation of where the Mosman housing market currently sits.

It is precisely twelve months to the day that ‘The Emperor’ Kevin Rudd felt the long blade of Julia Gillard’s knife given “he had lost his way”. The Emperor even had to cancel his one year anniversary which was brilliantly captured by Bill Leak this week in The Australian.

 

The Australian- order Bill Leak’s print

Cheers ^__^

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24.06.11Robert Simeon2 Comments »

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Not a great week for Fort Fumble, voters desert Prime Minister Julia Gillard over the carbon tax when Newspoll revealed voter satisfaction is now at record lows. Labor veteran John Faulkner entered the debate internal reform won’t fix Labor’s crisis given the biggest problem is their inability to govern. As quick as a flash Labor powerbrokers back Julia Gillard despite poll woes which is not that simple a fix, half the electorate have the government “on the nose”. The latest Essential Media poll identified that just 34 per cent of voters approved and 54 per cent disapproved, which is the first disapproval rating over 50 per cent. Whatever the case the Faulkner speech ignites Labor feud where the odds keep firming that Australia may have a another Prime Minister in 2011.

The carbon tax and the inability to settle the asylum – seeker agreement with Malaysia have electorates questioning Labor policies. Matters of popularity won’t be helped that Labor plans taxpayer – funded carbon price ad campaign taxpayers will foot a $12 million bill. NSW electricity bill spikes confirmed where rises by more than 18 per cent can be expected due to higher network costs and the impact of the federal government’s Renewable Energy Target scheme. That other fight with the miners continues, as the government stands by mining tax.Then an announcement that boom state of Queensland is back, ready to drive the nation when announcing an investment boom in resource projects worth more than $100 billion over the next two years – don’t forget we also have the Gillard flood levy to pay also. Little wonder that consumer sentiment lowest for two years – now what part of all this doesn’t the Gillard government understand?

BUY PRINT

Ms Gillard and Co should read a few statistical notes on the NSW election.

• The Coalition recorded a 2 – party preferred vote of 64.2 per cent, an overall swing of 16.5 per cent. Both the vote and swing are likely to be records for the post – war period.
• All 93 seats recorded a 2 – party swing to the Coalition, the smallest 4.7 per cent and the largest 36.7 per cent in Bathurst.
• There were only 16 seats with swings below 10 per cent.
• There were 21 seats with swings above 20 per cent and three with swings above 30 per cent, Bathurst, Ryde and Riverstone.
• The Coalition’s 2 – party referred vote was 75.7 per cent in country NSW, 62.0 per cent in Sydney and even 53.9 per cent in the industrial seats of the Hunter and Illawarra.
• In the Hunter Valley, Labor’s primary vote was 32.9 per cent, against 33.1 per cent for the Liberal Party and 2.1 per cent for the Nationals.
• On the broadly defined North Shore of Sydney, Labor polled only 12.2 per cent of the vote to the Liberals 67.4 per cent, the Greens outpolling Labor with 13.8 per cent. The Liberal 2 – party vote on the North Shore was 80.7 per cent.
• The Liberal Party polled 50.6 per cent of the first preference voter in greater a Sydney as opposed to 28.3 per cent for Labor.
• The Liberal Party even won a majority of the vote in Western Sydney, a first preference vote of 43.5 per cent to 36.6 per cent for Labor, a Liberal 2 – party vote of 53.8 per cent.
• The Labor first preference vote was in single figures in seven electorates.
• Labor recorded a majority of the first preference vote in only one electorate, 51.4 per cent in Liverpool.

The Australian- order Bill Leak’s print

Glenn Stevens the head teller at the Reserve Bank of Australia (RBA) gave his address to the Economic Society of Australia (Queensland) 2011 Business luncheon. The message was pretty clear in that rates must rise, warns RBA governor Glenn Stevens. The RBA is forecasting CPI growth at 3.5 per cent and inflation at 2.5 per cent. The Australian Bureau of Statistics for the year to March has CPI growth at 3.3 per cent and inflation at 2.25 per cent.

Western Sydney leads the way in mortgage delinquencies with 1 in 400 borrowers falling behind in loan repayments. The lower North Shore is the best – performing region in Australia with 0.55 per cent of borrowers in arrears by one or more payments.

Yesterday was a ‘Horror day’ – $25b wiped off the market which was more about the spooking when Greece gets world’s worst credit rating. It is not phasing the Mosman real estate markets as the total number of properties for sale continues to decline.

MOSMAN – 2088

• Number of houses on the market last week – 107
• Number of houses on the market this week – 104
• Number of apartments on the market last week – 97
• Number of apartments on the market this week – 99

CREMORNE – 2090

• Number of houses on the market last week – 17
• Number of houses on the market this week –  17
• Number of apartments on the market last week – 42
• Number of apartments on the market this week – 38

NEUTRAL BAY – 2089

• Number of houses on the market last week – 11
• Number of houses on the market this week – 12
• Number of apartments on the market last week – 63
• Number of apartments on the market this week – 63

For this week’s sales in Mosman real estate, Beauty Point real estate, Clifton Gardens real estate, Balmoral real estate, Cremorne real estate, Cremorne Point real estate, Neutral Bay real estate, Cammeray real estate Click Here

For those who missed my first report on Property Observer Real estate needs to stay on the boil and yes, Anne was first again to post a comment.

Cheers ^__^

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17.06.11Robert Simeon4 Comments »

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The alarm bells became louder when it was announced last week that Australian GDP had contracted by 1.2 per cent – which quickly brought about the re-introduction of that R word – Recession. Blogs and newspaper reporting ran amok, with some suggesting that the East Coast of Australia was already in recession. This week the Reserve Bank of Australia (RBA) correctly decided to leave the cash rate steady at 4.75 per cent. I don’t believe we will find ourselves in a technical recession although I do concur with the economic analogies that the Australian economy is correcting.  However, I believe (and I’m sure the majority would agree) that the weakest link in the Australian economy is the Gillard government.

Natural disasters dominated our GDP results although it is becoming quite evident that many Australians think the Gillard government is the economic equivalent to Cyclone Yasi.

CEO Pulse: Confidence in Australian economy declines – the latest Business Spectator Accenture CEO Pulse survey shows that optimism in the domestic economy, has dropped 22 per cent, with surveyed chief executives running  companies with an Australian turnover of $100 million or more,– reporting a decline in optimism to 51 per cent, compared to 73 per cent in the first quarter of 2011. The CEO’s estimation of the government’s performance in managing the economy continues its downward trend, with an overall rating of 3.3 out of 10 – the lowest average score since the CEO Pulse survey was established in early 2010.

BUY PRINT

Wategos Beach, Byron Bay – Tim Mooney’s aerial photo library would have to the most extensive in Australia. If you want a special photo click on the link and ask Tim as he probably has it.

Carbon price would not cut jobs, says Federal Treasurer Wayne Swan. One should not forget that when the GST came in, we were assured that it would reduce taxes, only to see the opposite.  Julia Gillard feels the heat over carbon tax backlash as voters call for new election given the carbon price will continue to be increased not decreased. It is an ongoing saga especially when you read Robert Gottliebsen’s piece in Business Spectator A resource tax by another name – “Let’s strip away all the carbon tax political rhetoric. It is becoming clear that the looming carbon tax is simply a disguised resources tax on gas and coal exports. It’s the Ken Henry – Wayne Swan first mining tax all over again but without iron ore and copper.” Wayne Swan is desperate to get the budget back in the black (his ego demands it) and the carbon tax is his secret weapon – it has nothing to do with the environment it’s just another tax. Ziggy Switkowski entered the debate by declaring Refuse the carbon tax’s junk mail.Would we have a carbon tax if the budget was not hopelessly in deficit?  Of course not!

We’re still on track for a ‘big Australia’ by 2050 and it is refreshing to see where our new immigrants are coming from, given the focus on asylum seekers. When immigration heads north of 180,000, Australia’s population will be on track to reach 36 million by 2050. This is scary, given our infrastructure struggles to cope with 22 million. I did notice a missing link in the Migration Roller – Coaster graph is the “other” which contributes nearly one – third at 94,178? “Australia’s national infrastructure policy should be managed in the same way as monetary policy – by an independent body removed from politics” wrote Alan Kohler – Infrastructure too important to be left to politics.

I totally agree and I can see the advertisement – Wanted: A government that can read an economy!

Jonathan Chancellor’s Property Observer launched this week to rave reviews. In terms of subscribers, it has taken Virtual Realty News eleven years! Property Observer has all but eclipsed our subscriber numbers in the space of days. For all the property voyeurs who can’t get enough of Australian real estate reporting, subscription is a must and it’s  free!

House prices can’t go up indefinitely although it should be noted that house values spend a significantly greater time in the black than in the red – just that we read more when it ventures into the red! The ongoing debate is that Australian house prices are over- valued – however when this happens we see panic-selling, where supply well and truly exceeds demand.

To put this into perspective, Christopher Joye wrote this week in Property Observer – Aussie housing stock is not too expensive. “One of the reasons banks have been prepared to lend so much for so long is the fact that borrowers have historically been vigilant in paying off these loans. Today there are slightly more than 30,000 borrowers who are more than three months behind on their home loan repayments, juxtaposed against a total pool of roughly 4 million to 5 million borrowers. That is, Australia’s “mortgage default rate” is a paltry 0.7%, despite our internationally high lending rates. This is less than one – 10^th and one – quarter the equivalent US and UK default rates respectfully.”

Our local real estate markets are definitely not panicking and volume is the key performance indicator.

MOSMAN – 2088

• Number of houses on the market last week – 118
• Number of houses on the market this week – 107
• Number of apartments on the market last week – 96
• Number of apartments on the market this week – 97

CREMORNE – 2090

• Number of houses on the market last week – 17
• Number of houses on the market this week –  17
• Number of apartments on the market last week – 37
• Number of apartments on the market this week – 42

NEUTRAL BAY – 2089

• Number of houses on the market last week – 13
• Number of houses on the market this week – 11
• Number of apartments on the market last week – 66
• Number of apartments on the market this week – 63

For this week’s sales in Mosman real estate, Beauty Point real estate, Clifton Gardens real estate, Balmoral real estate, Cremorne real estate, Cremorne Point real estate, Neutral Bay real estate, Cammeray real estate Click Here

Property above all things is my passion, so I found it very difficult to resist Jonathan Chancellor’s invitation to become an Observer, by regularly contributing articles to Property Observer.

Jonathan did express some concerns about my writing style (I believe he was politely referring to my political attacks). I referred him to this month’s Real Estate Institute of NSW Journal that ran the story “In blog we trust”, which was a critique of Virtual Realty News.

“The online revolution has changed the way real estate agencies do business. And you can be even more effective and successful by creating a specialised blog.” I did, however highlight “A mixture of local real estate news, statistics and astutely directed political comment. Virtual Realty News has generated not only a solid fan base, but has also brought the agency some very tangible benefits.”

Subscribe to Property Observer and read it for yourself next week. I’m still deliberating – should I go hard or adopt a ‘softly softly’ approach?

I will note your advice on our blog.

Cheers  ^__^

 

 

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10.06.11Robert Simeon10 Comments »

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Rupert Murdoch once said, “The internet has been the most fundamental change during my lifetime and for hundreds of years”. Someone the other day said, “It’s the biggest thing since Guttenberg” and then someone else said, “No, it’s the biggest thing since the invention of writing.” If that is the case (and I certainly don’t doubt it) it illustrates the numbers in Australian businesses who have trouble reading!

From my perspective, consumers use the Internet to see what’s happening, whether it be social media, online newspapers, online shopping, real estate etc – etc. The secret is growing the audience, otherwise known as Unique Visitors (UVs), which has become a huge problem within Australian businesses as they struggle to formulate effective and successful online strategies. Just look at our retail markets which are being decimated as they struggle to compete with the world’s biggest shopping centre – online! In the last week, David Jones, Coles, Harvey Norman, Woolworths fight for flexible opening hours to compete with internet trade which is an absolute no brainer given Australian shoppers ripped off by retailer mark – ups – Choice. Even Myer tries its luck with using Facebook, Youtube in social media marketing which is quite amazing and retailers must now move to online and not ‘offline’. Although retail sales beat forecasts in April however the simple reality is that Sydney, Melbourne and Brisbane remain in the top 10 most expensive cities in the world as department stores struggle to set sale.

The cost of living in Australia is skyrocketing as is the Aussie dollar, so consumers are cashing in on these new online markets. Consumers in retail are now negotiating online, much like ‘ducks to water’. A click not a salesman’s pitch comes with an online review. How times change – just a decade ago, the Australian dollar was struggling at 47.75 US cents. Today Australian retail is finding it almost impossible to compete, given the Australian dollar is sitting now at around 108.00 US cents.

BUY PRINT

The changing face of online advertising provides a fascinating critique of where businesses need to be: make no mistake, this is not a false alarm. The conundrum facing businesses is, that what is happening today, was never contemplated during those hazy university days. By 2015, what we do today will look like a 1980’s re-run of Homicide.

VIDEO ADVERTISING

 

Google predicts that by 2015, 50 per cent of ad campaigns will include video ads – Australians are now watching almost 1 billion videos online each month. Video based advertising grew by 83 per cent year on year in Australia, total video spend by advertisers equated to 5.3 per cent ($33.4m). This demonstrates just where this industry will be, in four short years.

MOBILE ADVERTISING

 

By 2015, it is expected that mobile internet will surpass desktop internet usage – global mobile advertising spent, will total $3.3 billion in 2011 and expected to reach $20.6 billion by 2015.

Fairfax Media Chief Executive, Greg Hywood, this week announced era of free content is over says Fairfax chief therefore charging users to access parts of the Fairfax website.  Good luck Greg!  I respectfully suggest that you look at your point of difference over your competitors? I can’t think of one, given the current trend is for leading print journalists to move to online models.

Commonwealth Bank still paying the price for November rate stinger a consumer rebuke can cost a business millions in lost revenues (better known as customer comfort).  The Fairfax move could easily result in consumer dissatisfaction. After all the ABC website will always be free. The jury is still out – however the consumer sentencing could very well be terminal.  Which takes me to that other sales pitch.

The dumbest sales pitch of the week would go to Cate Blanchett who, when launching her Carbon Tax campaign said, ‘Say Yes”.  Cate – Australians have no say in the carbon tax and why would you suggest we say yes, when the carbon price is yet to be announced? Even stranger – Australia’s greatest political lie was Julia Gillard’s announcement that “there will be no carbon tax under any government that I lead”.  We don’t get a say with the Carbon Tax but we do have opinion polls.

Source: The Australian- order Bill Leak’s print

 

The March quarter Gross Domestic Product (GDP) was released this week – Economy suffers biggest quarterly contraction in 20 years with a 1.2 per cent decline recorded.  Floods and cyclones severely impacted exports. Whilst many are expecting a positive mining return it should be noted that eight of the nineteen industry sectors contracted in the March quarter. A recession? It’s technically possible “With housing finance falling, retail struggling as consumers reduce their spending and move towards foreign online retail for their purchases, and business credit 1.1 per cent lower than a year ago, it won’t be an easy ride. It will also make Wayne Swan’s budget estimates look increasingly rubbery.”

This brings me to the real estate industry which reminds me of the retail industry – both have no idea about using technology and modern age marketing strategies. Consumers demand facts that are exacting for their very own market analysis. When real estate markets start declining there is an overwhelming tendency by real estate agents to hide and not face the realities of the day.

Real estate agents absolutely hate these graphs as they paint a negative marketing positioning. I happen to love them, because we have a weekly blog and that allows us to defend our real estate markets. Like the GDP figures, real estate markets need to be assessed on a Quarter by Quarter basis too. So let’s look at the Mosman market (data is still not complete, with many sale prices yet to be recorded.) We will compare the Mosman March Quarter 2010 with the March Quarter 2011.

Source: Domain Property Data

MOSMAN HOUSE SALES MARCH QUARTER 2010

• Total Number Offered – 105
• Private Treaty – 75
• Public Auction – 16
• Total Sales – 91
• Total Value Sold – $230,950,500
• Average Price – $2,685,470

MOSMAN HOUSE SALES MARCH QUARTER 2011

• Total Number Offered – 84
• Private Treaty – 47
• Public Auction – 14
• Total Sales – 61
• Total Value Sold – $107,071,000
• Average Price – $2,817,657

RWM RESEARCH – Another 28 sold properties are still to have their sale prices recorded so the Total Value Sold will increase significantly from the current figure of $107,071,000. The Average Price for a Mosman house in the March Quarter 2010 was $2,685,470.  In the March Quarter 2011 it increased to $2,817,657 with a strong possibility that when the remaining sales are recorded it will go higher. In the March quarter 2009 the average price was $2,653,061, 2008 $3,093,770, 2007 $2,617,332, 2006 $2,303,107 and 2005 $2,296,323.

There are approximately 4,900 houses in Mosman – so here are this week’s statistics for properties currently for sale in Mosman, Cremorne and Neutral Bay.

MOSMAN – 2088

• Number of houses on the market last week – 118
• Number of houses on the market this week – 118
• Number of apartments on the market last week – 96
• Number of apartments on the market this week – 96

CREMORNE – 2090

• Number of houses on the market last week – 18
• Number of houses on the market this week – 17
• Number of apartments on the market last week – 36
• Number of apartments on the market this week – 37

NEUTRAL BAY – 2089

• Number of houses on the market last week – 12
• Number of houses on the market this week – 13
• Number of apartments on the market last week – 58
• Number of apartments on the market this week – 66

For those subscribers who absolutely love statistics, of the 4,900 houses in Mosman,  just 118 are on the market this week. That is just 2.40 per cent!  When the Mosman house market is trading at full speed, there are around 275 houses on the market which represents 5.61 per cent. No other real estate agency in Mosman follows the Mosman market closer than Richardson & Wrench Mosman & Neutral Bay (RWM).

Without a doubt, the worst and most embarrassing property statistic that emerged this week was that the rental vacancy rate for Sydney suburbs within a 10 – kilometre radius of the CBD, fell 0.2 per cent to 0.9 per cent in April, REINSW data.  A healthy rental market should have a vacancy rate somewhere in the range of 2.5 per cent to 3.00 per cent. In my eleven years of writing Virtual Realty News this is the lowest recorded vacancy rate that Sydney has ever seen and a bloody disgrace – when rents will continue to sky rocket.

Bear in mind that one in four to retire without owning home: study yet Julia Gillard’s hopeless Fort Fumble wants to spend billions on a NBN scheme and a Carbon Tax. Throw in rising cost of living expenses and still Wayne Swan tells us that the Australian economy is tracking well?

There is also huge vacancy rate in Canberra and for politicians, it’s actually between their ears.

Alas, the Death of Salesman in 2011? If you sell, using the latest technologies, consumers will buy. If you don’t, your market will be significantly diminished.  Should the June GDP results decline again, it means nobody is buying Australia or the government for that matter. We all know nobody ever buys taxes!

Jonathan Chancellor files his final ‘Title Deeds’ tomorrow after 26 years of writing Australia’s most iconic real estate read. Jonathan still remains tight – lipped about his move which is to online publishing and all I can say is – Crikey!! Margie Blok, who is no stranger to “Title Deeds”, will be taking over letter – box patrol.

Cheers ^__^

This week’s sales Mosman real estate, Beauty Point real estate, Clifton Gardens real estate, Balmoral real estate, Cremorne real estate, Cremorne Point real estate, Neutral Bay real estate, Cammeray real estate Click Here

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3.06.11Robert Simeon4 Comments »