The Wild Wild East 13 December 2017

Property

Boom time for Australian housing market thanks to first-home buyers

News.com.au, 06 Dec. 2017

THE number of first-home buyers entering the market has increased considerably around the country, but it’s not all good news for Melbourne buyers.

http://www.news.com.au/finance/real-estate/melbourne-vic/boom-time-for-australian-housing-market-thanks-to-firsthome-buyers/news-story/a8a65cb66ab1201fb38e8f7b6b8e163b

 

Australia needs a better system to monitor how many homes are being sold to foreign investors

Business Insider Australia, 07 Dec. 2017

Foreign investors are estimated to have bought between 35,000 and 60,000 Australian homes in the 2015/16 financial year, accounting for anywhere between 7 to 13% of total housing turnover during that period.

https://www.businessinsider.com.au/australia-needs-a-better-system-to-monitor-how-many-homes-are-being-sold-to-foreign-investors-2017-12

 

Chinese capital controls send tremor through Australian property

Reuters, 07 Dec. 2017

SYDNEY (Reuters) - On a recent Sunday morning in the sun-drenched Australian city of Brisbane, about 50 ‘property tourists’ boarded a bus tour with a difference.

https://www.reuters.com/article/us-australia-property-china/chinese-capital-controls-send-tremor-through-australian-property-idUSKBN1E136S?il=0

 

Federal government guarantees investment in affordable housing

Your Mortgage, 08 Dec. 2017

Over the past 18 months, Treasurer Scott Morrison and Treasury officials have been working on the bond aggregator – the National Housing Finance and Investment Corporation (NHFIC) – to raise money at lower rates from the wholesale bond market for not-for-profit community housing providers. 

https://www.yourmortgage.com.au/mortgage-news/federal-government-guarantees-investment-in-affordable-housing/244630/

 

 

Currency & Financial

Trump’s tax cut ‘forces our hand’

The Australian, 04 Dec. 2017

The rollout of the $US1.5 trillion tax and jobs plan — the largest overhaul to the American tax system since the Reagan era — could see investment dollars sucked out of Australia unless the federal government is able to pass business tax cuts to counter the sweeping effects of the bill passed by the US Senate over the weekend.

http://www.theaustralian.com.au/national-affairs/trumps-tax-cut-forces-our-hand/news-story/b910aec31a8565074b434f7be7e8213b

 

Shareholders sue Australia's Crown Resorts over China marketing

Reuters, 04 Dec. 2017

SYDNEY (Reuters) - Australian casino operator Crown Resorts Ltd (CWN.AX) was slapped with a class action lawsuit on Monday for allegedly failing to inform shareholders of a marketing campaign in China that resulted in staff arrests and a slump in the share price.

https://www.reuters.com/article/us-crown-resorts-lawsuit/shareholders-sue-australias-crown-resorts-over-china-marketing-idUSKBN1DY028

 

“Crunch time” ahead as interest-only lending slumps and foreign property purchases fall

Domain, 07 Dec. 2017

A collapse in the number of interest-only loans being written by big banks is said to be combining with a drop in Chinese buyers of Australian property to create a “crunch time” for the economy next year.

https://www.domain.com.au/money-markets/slump-in-interestonly-lending-and-sliding-foreign-purchasing-makes-for-economic-crunch-time-20171207-h00jg0/

 

 

Agriculture

AUSTRALIAN WINE IMPORTS MAKE FURTHER GAINS IN CHINA

The Drinks Business, 04 Dec. 2017

Australia has surpassed France for the first time as China’s biggest source for bottled wine imports by value in October, although France is still leading overall imports in the first 10 months of the year.

https://www.thedrinksbusiness.com/2017/12/australian-wine-imports-make-further-gains-in-china/

 

Aussie coffee subscription business Three Thousand Thieves raises $500,000 to expand into China

SMH, 04 Dec. 2017

"The growth in China is going to be massive," says Athan Didaskalou.

The founder of Three Thousand Thieves is sitting in the Fitzroy warehouse he operates his coffee subscription business from preparing to launch in China in January.

http://www.smh.com.au/small-business/growing/aussie-coffee-subscription-business-three-thousand-thieves-raises-500000-to-expand-into-china-20171130-gzvwbk.html

 

Thomas family buys historic Mt Schanck station for $50m

The Australian, 04 Dec. 2017

The Thomas family, which operates Australias largest fully family-owned meat- processing company, has snapped up the iconic Mt Schanck station in South Australias southeast for more than 50 million.

http://www.theaustralian.com.au/business/property/thomas-family-buy-historic-mt-schanck-station-for-50m/news-story/4f505eb4cf42614c58bdb6cbaedcb01a

 

Emu farming set to make a comeback if bird's oil becomes the latest health trend

ABC Online, 09 Dec. 2017

The number of emu farms across Australia is dwindling, but Ian Marston's not giving up on his long-legged beauties any time soon.

http://www.abc.net.au/news/rural/2017-12-09/alternative-farming-emus-the-rock-lifestyle-rural/9243200

 

 

Resources

Two China banks refuse loan to Adani’s mine project in Australia, says report

The Hindu, 04 Dec. 2017

Indian energy giant Adani’s controversy-hit Carmichael coal mine project in Australia has hit another road-block after China’s two major state-run banks said they have no plans to finance the venture, media reports said on Monday.

http://www.thehindu.com/business/Industry/two-china-banks-refuse-loan-to-adanis-mine-project-in-australia-says-report/article21258860.ece

 

 

Retail & Tourism

China’s Imported Consumer Goods Tariff Cuts: The Full Details

Mark Tanner, 05 Dec. 2017

From December 1 this year, China has reduced import tariffs an average 17.3% to 7.7% on 187 imported goods such as food, pharmaceuticals, clothing and sporting equipment. Below is the full list of effected product categories:

https://www.chinaskinny.com/blog/china-import-tariffs-2017/

 

An army of Chinese shoppers dictates the fate of Australian brands

The Economist, 07 Dec. 2017

How firms Down Under came to embrace daigou

https://www.economist.com/news/asia/21732127-how-firms-down-under-came-embrace-daigou-army-chinese-shoppers-dictates-fate

 

Wendy Wu Tours claims to have sent more Australians to China than any company
AFR, 08 Dec. 2017

For Australians of a particular vintage, namely Gen-Xers such as myself, certain brands will always evoke childhood travel dreams: AAT Tours, Contiki, and Topdeck: all those old 1970s images of palm trees and white sand beaches plastered on the sides of buses, not forgetting Big Ben on billboards, along with the Empire State Building at dusk.

http://www.afr.com/business/wendy-wus-great-leaps-forward-20171205-gzyz02

 

Chinese Woman Makes Over $3,000 Per Shipment of Baby Formula From Australia to China

Next Shark, 08 Dec. 2017

Song Chen, a 40-year-old Chinese woman living in Newcastle, New South Wales, Australia, makes about 21,000 yuan ($3,173) per shipment of expensive baby formula to China.

https://nextshark.com/chinese-woman-makes-3000-per-shipment-baby-formula-australia-china/

 

 

Education

Alice Dawkins first SA student to win Schwarzman scholarship, rival to Rhodes scholarship

The Advertiser, 05 Dec. 2017

BAROSSA Valley resident Alice Dawkins is the first South Australian to win an elite Schwarzman Scholarship, the new rival to the prestigious Rhodes scholarship.

http://www.adelaidenow.com.au/news/south-australia/alice-dawkins-first-sa-student-to-win-schwarzman-scholarship-rival-to-rhodes-scholarship/news-story/a9f8f27b99aa5acfe52bc13be1f29f20

 

Indigenous and rural school attendance getting worse despite investment, new report shows

ABC Online, 06 Dec. 2017

Despite extensive investment in Closing the Gap programs, new data shows Indigenous school attendance is getting worse.

http://www.abc.net.au/news/2017-12-06/indigenous-school-attendance-going-backwards/9230346

 

‘Unfair’ education policy will hold Australia back, New Zealand PM Jacinda Ardern warns

The Australian, 09 Dec. 2017

Denying New Zealanders equitable access to tertiary education will hold Australia back, Jacinda Ardern says.

http://www.theaustralian.com.au/national-affairs/unfair-education-policy-will-hold-australia-back-new-zealand-pm-jacinda-ardern-warns/news-story/e8d7ff1ce8a233d81a1efa54e6bea2a0

 

 

China Domestic

Hong Kong actor Shawn Yue announces surprise wedding

China Daily, 06 Dec. 2017

Hong Kong actor and singer Shawn Yue shared a photo from his wedding ceremony on the social media platform Instagram and officially tied the knot Dec 5, 2017.

http://www.chinadaily.com.cn/a/201712/06/WS5a27731da3107865316d4989.html

 

Paddington 2 gains at China box office

China Daily, 11 Dec. 2017

Paddington 2, the live-action, animated sequel featuring the titular bear, has had a successful weekend since it arrived in Chinese theaters on Friday.

http://www.chinadaily.com.cn/a/201712/11/WS5a2e35dda310eefe3e9a2e51.html