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.
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.
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.
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.
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.
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.
“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.
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.
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.
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.
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.
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.
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:
An army of Chinese shoppers dictates the fate of Australian brands
The Economist, 07 Dec. 2017
How firms Down Under came to embrace daigou
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.
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.
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.
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.
‘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.
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.
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.