Sasama Finance

Being a mid twenties Australian male I found it difficult to know what to include in this list for our female readers, so I decided not to include anything.  Sorry ladies, I will endeavor to educate myself on what women want before Christmas next year.  In the mean time, gentlemen, enjoy our seven ultimate gifts for Christmas 2007.

Continued inflationary pressure caused largely by wages growth and low unemployment means that Australians need to get used to the prospect of higher interest rates.  Not only do we have to worry about the Reserve Bank increasing rates to combat inflation, there is also the very real threat of lenders independently raising rates because of the global credit crisis.

The Reserve Bank of Australia is set to meet next on Tuesday 6th November, Melbourne Cup Day, and the odds are stacked heavily in favor of a rate rise.

Donald Trump says in his book "How to Get Rich" that he only purchases real estate that he can add considerable value to.  Now while I don't like Donald Trump with his flashy lifestyle and big ego, when he gives real estate advice you'd better listen.  He recently purchased a 6.5 acre estate in Florida's ultra exclusive Palm Beach.  Word is that he paid about $41 million for the property in an auction at U.S. Bankruptcy Court in West Palm Beach.  According to RealEstateJournal.com he spent $25 million renovating the 54,000 square foot (5,016 square metres) 17 bedroom mansion.  Now it's on the market for $125 million.