Melbourne Festival Time!

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Melbourne – we’re the city of a hundred festivals. As soon as one ends (think Melbourne Fringe Festival) – another begins! No wonder we’re routinely on the world’s ‘most liveable city’ lists. Today, the Chisholm & Gamon blog features highlights of the Melbourne Festival, taking over the city from the 11th – 27th of October. One of the world’s major multi-arts festivals, make the most of your location, close to the heart of the arts this month.

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Tanderrum and Creation

Enjoy a special Melbourne Festival opening night event at Federation Square this Friday – a Welcome To Country from the Elders of the Kulin Nation. Tanderrum is a project by the Ibijerri Theatre Company, bringing together the traditions of five Kulin Nations to open the Melbourne Festival – fusing storytelling with performance and music. After Tanderrum comes a special treat from legend Archie Roach, as he presents his new show ‘Creation’. Backed by a ten-piece ensemble plus folk darling Sarah Blasko, enjoy classic anthems from Roach’s body of work in addition to new songs for our modern city. This event is free, and begins at 6pm.

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Foxtel Festival Hub

Melbournites love a pop-up anything – particularly if it’s by the banks of the beautiful Yarra in springtime. ‘Pop’ down to the Foxtel Festival Hub by the river where you’ll find food, art, performance and design to inspire. Prime acts include performances by The Polyphonic Spree (image inset, above) who are described as part euphoric gospel choir, park Day-Glo rock supergroup. Featuring a 14-piece ensemble, you’re in for a night of exuberant ol’skool psychedelia. Click here for details. After something more cerebral, perhaps benefiting your own artistic practice? Join in on the series of free events called Artists in Conversation, talks with stars of the Melbourne Festival including Richard Tognetti and Weigang Li, talking classical music and Haydn.

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Songs of Wreck & Ruin

A trifecta of local talent in the shape of Paul Capsis, Tim Rogers and Megan Washington present Songs of Wreck and Ruin, a paean to the ‘lost boys’ of rock. Following on from the Melbourne Festival premiere of The Boy Castaways, these three prolific performers showcase the swaggering anthems from the leading lads of rock. Think Fleetwood Mac, Iggy Pop, The Buzzcocks and Dave Mason. Band t-shirt? Optional. Held at the always awe-inspiring Forum.

Elwood Testimonial

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Dear Torsten and Kylie,

Being the leading agency for apartment sales in the Elwood area you were an obvious choice to contact.  After our initial discussion, it became apparent what set you apart from the field; your availability and communication skills, backed up with a high quality sale campaign proposal.   As a Property Valuer with access to sales information, I was very impressed with the level of analysis and insight underpinning what I could expect to achieve for my property.  This advice rang true throughout the campaign and with the ultimate result, which I am extremely happy with.

The day to day running of the campaign was faultless, with feedback from potential buyers communicated and flexibility with open for inspection times.  The pre-auction meeting was excellent with a good understanding of the perspective purchasers and sound advice on how things may play out on the day.

I highly recommend Torsten and Kylie as selling agents.  Thank you!

Yours Sincerely

Andrew Kinnaird

Sandringham Testimonial

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Dear Adam and Nick,

Just a quick note to thank you both for your efforts over the past four weeks in selling our property.

Before we definitively decided to sell, we were big believers that if you present your property in the right manner, it doesn’t really matter what agent you go through, you will still get a good result.

However we have never been more impressed in the way you went above and beyond to bring in potential buyers and follow up with them after every open. In these areas you have gone over and above your competitors. I know because when we gave feedback to them when they didn’t obtain our listing, they acknowledged this was something they didn’t offer.

Selling your property is an emotional experience and your easy going manner put us at ease during this time. From our experience with other agents, we would not have wanted to have dealt with anyone else. There is a difference between confidence and arrogance and some cross the line. We know you have treated our potential buyers with the same respect as you have treated us.

When we had to make a decision to appoint an agent, you were a clear stand out. You weren’t the cheapest and didn’t promise the best result for our property. Our only question mark over you was that you weren’t established in this suburb. But it was also the reason why we decided to sign with you.

We wish you both every success.

All the best,

Daniel and Martine.

C&G – Official RBA Announcement October 2013

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Yesterday the Reserve Bank of Australia announced their decision to leave the official cash rate unchanged at 2.5%. Today, Chisholm & Gamon look at the most recent RBA monetary policy decision and how it will impact upon the property market over the coming months.

It is widely understood that the Australian economy has slowed down and is growing at below predicted trends in some sectors.  This condition is considered by economists as normal – evidence that the economy is adjusting to lower levels of mining investment. As the year elapses, we can expect to see confidence levels increase across the economy – especially when it comes to household and business sentiment.

Of late there has been a clear increase in demand for finance from households, with data showing to a shift in savings behaviour when responding to “declining returns on low-risk assets”. Such a response illustrates that the economy continues to feel the positive impact of interest rate cuts from earlier in 2013. Despite the fact that unemployment has nominally risen, “inflation has remained steady and will continue to do so as the cost of labour moderates.”

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RBA Governor Glenn Stevens notes that “the easing in monetary policy since late 2011 has supported interest-sensitive spending and asset values…. the full effects of these decisions are still coming through, and will be for a while yet.”

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Immediately after the RBA’s most recent announcement, the Australian dollar gained 1/3 of a US cent – rising to $93.74.  This level is still 10% below its previous high in April. The RBA has cut rates a total of 8 times since late 2011, all with the aim of increasing economic activity outside of the mining industry.

RP Data-Rismark has shown Melbourne and Sydney property prices have jumped up to 2.5% in September. “We haven’t seen market conditions this strong since April 2009 for Sydney and May 2010 for Melbourne,” Tim Lawless from RP Data commented.

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So what of key trading partner China and its influence on our economy?  The world’s second largest economy has grown and expanded in September – and with Australian retail showing signs of improvement, we can look forward to another period of happy trade with China.

The central dilemma the RBA face? Whether to cut rates further. With property prices on the rise, unemployment slightly higher and gathering strength in the Australian dollar – economists are divided over such a decision. Tom Kennedy of JP Morgan believes another rate cut may be on the cards this year, a sentiment not shared by HSBC chief economist Paul Bloxham. His notes that the RBA’s decision yesterday was “fairly bland” and did not provide enough insight into future movements from the RBA board.

All eyes focus on our inflation levels and the next announcement from the RBA on Melbourne Cup Day.  What will you be tipping?

C&G footy fan Dean Marshall’s premiership moment of glory

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Dean Marshall

For the record, Dean is is loyal North Melbourne fan, but went Hawks for the day. Look at that grin!

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