The Wild Wild East 25 July 2017

Property

Mortgage demand suggests Australian housing market is cooling

Domain, 19 July 2017

Mortgage applications were down almost one per cent in the June quarter, another sign the housing market is beginning to cool.

https://www.domain.com.au/news/mortgage-demand-suggests-australian-housing-market-is-cooling-20170718-gxdyp2/

 

NSW has harshest Australian tax regime for foreign buyers of luxury property
AFR, 19 July 2017

NSW has the harshest taxes in Australia for foreigners looking to buy a home worth more than $3.3 million, following the latest rules imposed from July 1.
http://www.afr.com/real-estate/nsw-has-harshest-australian-tax-regime-for-foreign-buyers-of-luxury-property-20170718-gxe02m

 

The Dahua Group’s William Huang On Opportunities In The Australia Market And Their $4 Billion Development Pipeline

The Urban Developer, 21 July 2017

The Urban Developer recently sat down with the Dahua Group’s Managing Director, William Huang to gain an insight into Duhua’s expansion into the Australian market and their pipeline of development. 

https://www.theurbandeveloper.com/dahua-groups-william-huang-opportunities-australia-market-4-billion-development-pipeline/

 

Sydney, Melbourne property markets can avoid crash landing: RBA’s Bullock

The Australian, 21 July 2017

House price growth in Sydney and Melbourne is being driven by the “basics of supply and demand,” according to a senior Reserve Bank of Australia official.

http://www.theaustralian.com.au/business/economics/jury-out-on-what-might-happen-in-the-event-of-a-bank-failure-rbas-bullock/news-story/0821ecc13d199308b6dd7f5749f6d801

 

The Mona Effect: Hobart becomes Australia’s hottest market after rapid price surge

Domain, 23 July 2017

Most mainlanders are more likely to associate Hobart with Mona than its real estate market, but the latest data shows we’re no longer just holidaying in Tasmania, we’re buying there.

https://www.domain.com.au/news/the-mona-effect-hobart-becomes-australias-hottest-market-after-rapid-price-surge-20170723-gxd8pd/

 

Currency & Financial

China's Top Recruitment Agency Enters the UK and Australia Market to Assist Global Enterprises to Invest in China

NewKerala.com, 21 July 2017

MELBOURNE and QUEENSLAND, Australia, July 21, 2017 : Since March 2017, Talent Spot has participated in activities held by the China-Britain Business Council (CBBC) and the Australia-China Business Council in the UK and Australia respectively.

http://www.newkerala.com/news/fullnews-256006.html

 

More headaches for RBA as Aussie dollar can head higher
AFR, 24 July 2017

There's nothing wrong with going with the flow in financial markets, and right now that means selling the US dollar, which is pretty much what every hedge fund around the world is doing.
http://www.afr.com/markets/equity-markets/more-headaches-for-rba-as-aussie-dollar-can-head-higher-20170724-gxhb1b

 

Melbourne-born man loses $67,000 deposit in foreign investor crackdown

News.com.au, 18 July 2017

IT WAS supposed to be a long-awaited return to his home city after a lengthy stint overseas.

http://www.news.com.au/finance/real-estate/buying/melbourneborn-man-loses-67000-deposit-in-foreign-investor-crackdown/news-story/6ba8751e3156085f0dcfccf26a1d23db

 

Agriculture

China’s biggest food company looks to Australia for milk product supply

Foodmag, 19 July 2017

Australia’s dairy industry is set for a boost with a symposium bringing together for the first time representatives from China’s biggest food company – the state-owned COFCO corporation, with leading Monash University researchers, and dairy industry partners, on Thursday 20 July.

https://foodmag.com.au/chinas-biggest-food-company-looks-to-australia-for-milk-product-supply/

 

Australian government funding boosts lobster marketing battle in China

Seafood Source, 19 July 2017

Australian government funding has helped a key lobster exporter extend its marketing in China. 

https://www.seafoodsource.com/news/supply-trade/australian-government-funding-boosts-lobster-marketing-battle-in-china

 

China the toast of Aussie wine exporters

News.com.au, 19 July 2017

China's thirst for Australian wine continues to grow at a faster rate than anywhere else in the world.

http://www.news.com.au/finance/business/breaking-news/china-the-toast-of-aust-wine-exporters/news-story/5f5b0c54885f99277f3c74485a25e4ef

 

China’s crackdown targets ‘food safety, not Aussie dairy’

The Australian, 19 July 2017

China is certainly not targeting Australian dairy products, one of the leading international experts on China’s food sector says, but it is still developing the skills and regulations needed to ensure high standards in what is a new and rapidly growing industry.

http://www.theaustralian.com.au/business/chinas-crackdown-targets-food-safety-not-aussie-dairy/news-story/773d6cb584ff98699389484ae180e5ec

 

Qatar's sovereign wealth fund sells another Australian farm
AFR, 21 July 2017

Hassad, the farming company backed by the Qatar Investment Authority, has sold more farming land as it moves its strategy from food security to better investment returns.
http://www.afr.com/real-estate/qatars-sovereign-wealth-fund-sells-another-australian-farm-20170721-gxg9ar

 

Resources

Small business gouged and hung out to dry in Australia's energy crisis

SMH, 19 July 2017

While governments blame each other and strike deals for big business to minimise cost impacts, small businesses are being gouged and hung out to dry.

http://www.smh.com.au/small-business/managing/small-business-gouged-and-hung-out-to-dry-in-australias-energy-crisis-20170718-gxdaxs.html

 

Tempo buys KP Electric for $10m

Thewest.com.au, 24 July 2017

Resources contractor Tempo Australia has bought national electrical services provider KP Electric for up to $10 million.

https://thewest.com.au/business/contracting/tempo-buys-kp-electric-for-10m-ng-b88546328z

 

Offshore renewable investment soars amid clean energy debate

The Australian, 24 July 2017

Debate over the Clean Energy Target is tearing the federal Coalition apart, but a growing number of European firms in the renewable space are moving into Australia and are active buyers of land in Queensland and northern NSW.

http://www.theaustralian.com.au/business/dataroom/offshore-renewable-investment-soars-amid-clean-energy-debate/news-story/7a0c77272e1d82e54df6303c946600c3

 

Retail & Tourism

'Buy buy buy' is no longer the mantra of the Chinese tourist
The Strait Times, 11 July 2017
After propping up sales for overseas retailers over the past decade with a shopping-driven tourism agenda, Chinese visitors are no longer returning home with suitcases bulging like before.  A new survey by consultancy Oliver Wyman shows Chinese tourist numbers and holiday expenditure continuing to rise last year, even as shopping during overseas travel dropped 17 per cent from a year earlier.

 

http://www.straitstimes.com/lifestyle/travel/buy-buy-buy-is-no-longer-the-mantra-of-the-chinese-tourist

 

Luxury brands look to Australia: 50 different retailers are considering expanding Down Under

 

Smart Company, 20 July 2017

International luxury and premium brands are eyeing off Australia as a prosperous market, with experts believing the local luxury goods market could become more similar to Europe’s in the coming years.

http://www.straitstimes.com/lifestyle/travel/buy-buy-buy-is-no-longer-the-mantra-of-the-chinese-tourist

Aussie hotels need to "keep pace" with demand from China: Tourism Australia

Xinhua, 18 July 2017

CANBERRA, July 18 (Xinhua) -- Australian hotels need to keep up with the demands placed on them by Chinese tourists, Tourism Australia's boss said on Tuesday.

http://news.xinhuanet.com/english/2017-07/18/c_136452079.htm

 

Hong Kong property entrepreneur Allan Zeman targets SA's Cleland Wildlife Park
AFR, 23 July 2017

Allan Zeman, who turned around Hong Kong's Ocean Park theme park and gave Disneyland a run for its money, is consulting on the future of Cleland Wildlife Park, a tired attraction in the Adelaide Hills, as a prelude to possibly investing in it.
http://www.afr.com/real-estate/hong-kong-property-entrepreneur-allan-zeman-targets-sas-cleland-wildlife-park-20170723-gxgvs9

 

Rise of the Chinese explorer

TTG Asia, 21 July 2017

Chinese travellers are growing more confident about exploring Australia independently, and regional parts of Down Under are readily embracing them.

http://ttgasia.com/article.php?article_id=29852

 

Education key for Tas to unlock NBN

SBS.com.au, 24 July 2017

Tasmania is the most NBN-connected state or territory in the country but it doesn't mean much if people don't know how to use it, the state's peak industry body says.

http://www.sbs.com.au/news/article/2017/07/24/education-key-tas-unlock-nbn

 

Education

Australian Education Union warns Australia Institute to stay out of the classroom

The Canberra Times, 22 July 2017

The teachers' union has warned the authors of a damning report into Canberra's school system to stay out of the classroom and leave lesson planning to the experts.

http://www.canberratimes.com.au/act-news/australian-education-union-warns-australia-institute-to-stay-out-of-the-classroom-20170721-gxfzlx.html

 

China Domestic

Justin Bieber banned from China over 'bad behaviour'

ABC News, 21 July 2017

The Canadian pop star has been banned from performing in China because of his past "bad behaviour," according to the Beijing Municipal Bureau of Culture — although it did concede he has talent.

http://www.abc.net.au/news/2017-07-22/china-bans-justin-bieber-for-bad-behaviour/8733298

 

China puts Wanda under spotlight, closes off loan options for breaching investment rule

South China Morning Post, 17 July 2017

China’s bank regulator has instructed the country’s largest lenders to put six of magnate Wang Jianlin’s overseas acquisitions under the spotlight for touching a red line on foreign investments, according to several people familiar with the matter.

http://www.scmp.com/business/companies/article/2102933/china-places-wanda-under-unprecedented-scrutiny-closes-most-loan

 

China’s Wahaha heiress takes Hong Kong penny stock on a roller coaster ride

South China Morning Post, 17 July 2017

An aborted acquisition deal by the heiress of Chinese beverage giant Hangzhou Wahaha has sent loss-making China Candy, a Hong Kong penny stock, into a free fall.

http://www.scmp.com/business/companies/article/2102988/chinas-wahaha-heiress-takes-hong-kong-penny-stock-roller-coaster

 

Jack Ma’s acquisition of MoneyGram could be blocked

New York Post, 21 July 2017

The co-chair of an influential Capitol Hill commission on China believes the US should block the controversial acquisition of MoneyGram by Jack Ma’s Ant Financial.

http://nypost.com/2017/07/21/jack-mas-acquisition-of-moneygram-could-be-blocked/