The Wild Wild East 21 November 2017

Countries China Shanghai 26.jpg

Property

Chinese investment rebounds in Sydney

The Australian, 14 Nov. 2017

Cashed-up Chinese groups are pushing deeper into Sydney’s suburban offices and apartments with sites worth about $200 million changing hands, defying concerns about a year-on-year slump in Chinese outbound property investment in the third quarter.

http://www.theaustralian.com.au/business/property/chinese-investment-rebounds-in-sydney/news-story/f1be4de52652d6896f9dd5b058b3fae5

 

Tax on empty foreign-owned homes passes parliament

The Australian, 15 Nov. 2017

Foreign owners of Australian property who leave their homes vacant are set to be charged thousands of dollars a year after the federal parliament passed its vacancy tax legislation. 

http://www.theaustralian.com.au/business/property/tax-on-empty-foreignowned-homes-passes-parliament/news-story/f7cf30532cd37c06478a8b20efcbf478

 

Sydney's Riverwood becomes home to a 850-unit social/private housing project
AFR, 19 Nov. 2017

Sydney developer Payce Consolidated, designer Turner and the NSW government have replicated the winning formula of using public private partnerships to increase housing supply, coming together to build a four-hectare social and private housing project in Washington Park, Riverwood in Sydney's southwest.
http://www.afr.com/real-estate/sydneys-riverwood-becomes-home-to-a-850unit-socialprivate-housing-project-20171112-gzjzol

 

Sydney housing stock builds as auctions clearances slow
AFR, 19 Nov. 2017

Auction clearance rates have eased back as investors pull out of the market, creating a build-up of stock especially in Sydney.

http://www.afr.com/real-estate/sydney-housing-stock-builds-as-auctions-clearances-slow-20171118-gzoadm

 

Wanda set to sell off $1.3b Circular Quay property development

SMH, 20 Nov. 2017

Beijing: Once China's richest man, Wang Jianlin, is reportedly selling out of Australia. His company Dalian Wanda, one of China's biggest property developers, is reported to have put its yet-to-be-completed luxury Circular Quay apartment project on the market.

http://www.smh.com.au/business/property/wanda-to-sell-off-australian-luxury-property-development-20171119-gzod1l

 

Currency & Financial

Why a crash in China is about to devastate our economy

By Matt Barrie with Craig Tindale, 14 Nov. 2017

I RECENTLY watched the federal Treasurer Scott Morrison proudly proclaim that Australia was in "surprisingly good shape". Indeed, Australia has just snatched the world record from the Netherlands, achieving its 104th quarter of growth without a recession, making this achievement the longest streak for any OECD country since 1970.

https://www.dailymercury.com.au/news/australias-economy-is-built-on-shaky-foundations-a/3264929/

 

Chinese Investment Plunges 51% But Remains Ambitious In Australia

The Urban Developer, 14 Nov. 2017

While China’s standing in the domestic and international real estate and investment market measure in the billions, the latest figures revealed their financial activity has almost halved since 2016.

https://www.theurbandeveloper.com/chinese-investment-takes-plunge-remains-ambitious-australia/

 

ANZ: Higher interest rates could hit nine months from now

By Michael Mata, 15 Nov. 2017

Homeowners in Australia have nine months to prepare themselves for higher interest rates and tighter lending restrictions, according to ANZ economists David Wilson and Jo Masters, adding that Canada’s approach to its own real estate market should be seen as a roadmap.

https://www.yourmortgage.com.au/mortgage-news/anz-higher-interest-rates-could-hit-nine-months-from-now/243639/

 

Domain hits the ASX with a $2.2 billion valuation
AFR, 16 Nov. 2017

Smiling from ear-to-ear, the man known as The Cat rang the bell at the Australian Securities Exchange in Sydney at noon on Thursday and officially opened trade in shares of real estate classifieds and services business Domain.
http://www.afr.com/business/media-and-marketing/publishing/domain-hits-the-asx-with-a-22-billion-valuation-20171115-gzltvt


Victoria Australia's top state economy, but NSW the real winner

SMH, 17 Nov. 2017

Victoria has Australia's top-performing state economy, but the real prizes have gone to NSW and South Australia.

http://www.smh.com.au/federal-politics/political-news/victoria-australias-top-state-economy-but-nsw-the-real-winner-20171117-gzniq0.html


Agriculture

Australian cherries: Deal allows airfreighting to China

The Weekly Times, 15 Nov. 2017

CHINA is ripe for the picking for Australian cherry producers.

http://www.weeklytimesnow.com.au/news/national/australian-cherries-deal-allows-airfreighting-to-china/news-story/eeabd6a32b286d5d59b1b490f2590e79

 

Avocado prices to reach $4 as demand surges, supply falls short

Daily Telegraph, 19 Nov. 2017

AUSTRALIANS’ avocado addiction is set to push prices past $4 as supermarkets, cafes and sushi restaurants compete for supply that is going to fall short of earlier expectations.

http://www.dailytelegraph.com.au/business/avocado-prices-to-reach-4-as-demand-surges-supply-falls-short/news-story/fe3c9a77092df73365ab7bff8569ea27

 

Resources

Australian miners at two-week low after China iron prices tumble

Financial Times, 15 Nov. 2017

Iron miners sank to a two-week low in early trading in Australia on Wednesday following a 4.6 per cent plunge in iron ore futures.

https://www.ft.com/content/e2def125-37d3-361b-9f32-773359fe3796

 

Bombora Wave Power announces investment round for first commercial size mWave wave energy generator

Renewable Energy Magazine, 17 Nov. 2017

Australian wave energy generation company Bombora Wave Power Pty Ltd has announced it has raised a multimillion-dollar round of investment to support its first commercial-sized mWave wave power generator.

https://www.renewableenergymagazine.com/ocean_energy/bombora-wave-power-announces-investment-round-for-20171117

 

Retail & Tourism

Chinese Singles’ Day a great sales prospect for Aussie business, says new Australia Post chief

Herald Sun, 10 Nov. 2017

AN annual day-long shopping event in China should eventually create as much business for Australia Post as Christmas, according to the new head of the postal service.

http://www.heraldsun.com.au/business/chinese-singles-day-a-great-sales-prospect-for-aussie-business-says-new-australia-post-chief/news-story/1763c23862f9d3026ee42e780fa62543

 

ASX-listed daigou business AuMake Australia surges 25pc

SMH, 09 Nov. 2017

Investors have poured into Australia's only listed daigou business, boosting the share price more than 25 per cent this week, enthused by the company's recent acquisition spree.

http://www.smh.com.au/business/markets/asxlisted-daigou-business-aumake-australia-surges-25pc-20171108-gzhoy9.html

 

CHINA-AUSTRALIA YEAR OF TOURISM RECORDS IMPRESSIVE GAINS

Macau Daily Times, 15 Nov. 2017

A major one-year long event to mark tourism between China and Australia looks set to record impressive gains, with the large numbers of travelers from both sides reflecting the growing importance of the sector.

https://macaudailytimes.com.mo/china-australia-year-tourism-records-impressive-gains.html

 

Education

Universities unite to put SA at the forefront of innovation, health and medical research

The Advertiser, 17 Nov. 2017

SOUTH Australia’s universities are investing millions in new facilities and increasing partnerships with each other to put the state at the forefront of medical and health research, fast-track innovation in new industries and increase student numbers.

http://www.adelaidenow.com.au/smart-sa/sas-universities-unite-to-put-the-state-at-the-forefront-of-innovation-medical-and-health-research/news-story/800a3cb62a714a973d78aec654e3750b

 

China Domestic

Bella Hadid leads 2017 Victoria's Secret Show in Shanghai

Daily Mail, 20 Nov. 2017

The Victoria's Secret show has been steeped in controversy this year, amid reports that several models have been denied entry to China where the show is taking place, and angry locals protesting the event. 

http://www.dailymail.co.uk/tvshowbiz/article-5100209/Bella-Hadid-leads-2017-Victoria-s-Secret-Shanghai.html

 

More than half of Chinese newborns are second children, state media report

South China Morning Post, 31 Oct. 2017

Over half the babies born in China in the first eight months of 2017 were second children, official media reported on Tuesday after the relaxation of the long-standing one-child rule.

http://www.scmp.com/news/china/society/article/2117823/more-half-chinese-newborns-are-second-children-state-media-report

 

Asian immigrants altering Aussie suburbs

Straits Times, 18 Nov. 2017

Groups of men sit in front of a branch of the Bank of China on a weekday afternoon and huddle around fast-moving games of xiangqi, or Chinese chess.

http://www.straitstimes.com/asia/australianz/asian-immigrants-altering-aussie-suburbs