NAB warns on lending qualifications as rural property market runs hot
AFR, 07 Jan. 2018
The head of Australia's largest agricultural lender, National Australia Bank's Khan Horne, says the rural property market is running hotter than ever before because of strong fundamentals and low interest rates but, with a royal commission into banking, he is calling on tighter qualifications for anyone lending to farmers to avoid failures and receiverships that have tainted the sector.
Foreign property buyer demand falls prompting warning from Harry Triguboff
AFR, 10 Jan. 2018
Government taxes and credit restrictions have started to hit foreign buyer demand for residential property so hard in Australia that major developers are either pulling out of the apartment market altogether or, like Meriton's Harry Triguboff, are left grappling with Chinese investors who can't settle on pre-sold apartments.
Wee Hur to turn vacant Melbourne building into student housing
AFR, 10 Jan. 2018
Listed Singaporean developer Wee Hur has paid $35 million for a vacant Melbourne commercial building that it will develop into high-rise student accommodation.
NSW and Victorian governments say foreigners are still buying property
AFR, 11 Jan. 2018
NSW says there is no evidence of a decline in foreign investment in residential real estate, while Victoria insists it is experiencing a "steady stream" of interest from offshore.
Developers say foreign investor rules are hurting property prices -- here's what the data says
Business Insider Australia, 11 Jan. 2018
Additional taxes and levies lumped on foreign investors, along with tighter lending restrictions, are taking a toll on Australia’s apartment market, weakening demand which, if it persists, could see new developments shelved in the future.
Currency & Financial
New Sequoia China investment values Australian design company Canva at $1 billion
Tech Crunch, 8 Jan. 2018
Canva, the Australian provider of graphic design software as a service, has become the world’s latest unicorn with a new investment led by Sequoia China.
HNA Group failed to fully disclose control of Virgin Australia stake
SMH, 10 Jan. 2018
The acquisitive Chinese conglomerate HNA Group, which is under scrutiny globally over its opaque ownership structure, lodged five incomplete notices with the ASX that failed to properly disclose how its major stake in Virgin Australia was controlled.
From China to small caps: meet Weimin Xie, Australia's newest money manager
AFR, 15 Jan. 2018
Weimin Xie was only 15 when when his Chinese parents sent him to Australia to further his education.
Food manufacturers warn high power bills, taxes could force them overseas
AFR, 07 Jan. 2018
Food and grocery manufacturers are threatening to shift overseas, costing thousands of jobs, unless Canberra comes to their aid as they battle high energy prices and taxes.
Producers open gates for Beef 2018 property tours
By Beef Central, 11 Jan. 2018
Twelve innovative and progressive Central Queensland beef producers will open their front gates to visitors as part of the Beef Australia 2018 Property Tour Program during the triennial national cattle expo in May.
Beef tariffs fall under Chinese and South Korean FTAs with Australia
The Weekly Times, 11 Jan. 2018
THE Cattle Council of Australia is hoping the latest round of tariff cuts in South Korea and China will keep Australian exporters competitive with foreign rivals.
China's Rifa farm boss David Goodfellow jumps to Canada's pension plan
AFR, 14 Jan. 2018
The chief executive of the Chinese farming operation Rifa Salutary, David Goodfellow, is leaving the business to head up the newly formed Australian subsidiary of Ontario Teachers' Pension Plan – Auston Corporation.
Li Xiyong: coal to stay top of energy heap in China
The Australian, 10 Jan. 2018
Li Xiyong is so confident of the future of Australia's coalindustry that he is investing $2 billion in it. He is also so assured of the industry in China that he told The Australian the size of the coal market there would not fall in 30 years.
Retail & Tourism
Australian luxury retail boom fuelled by Chinese shoppers and micro-influencers
South China Morning Post, 10 Jan. 2018
Chinese students and tourists and Chinese Australian residents are responsible for up to two-thirds of luxury retail sales in Sydney and Melbourne and fashion brands are increasing their retail presence and grooming Chinese influencers
Hotel tycoon Michael Kum eyes more rooms on east coast
The Australian, 12 Jan. 2018
Fresh from opening his latest Sydney CBD hotel, international billionaire hotel tycoon Michael Kum has at least two other real estate deals in play on Australias east coast.
Experts question government's university funding model
The Guardian, 09 Jan. 2018
The government’s plan to tie university funding to student performance is unlikely to make a big difference to enrolments unless changes are made to the way different disciplines are funded, experts have warned.
FMC Asia President Receives Women in Leadership Award from Australia China Alumni Association
PR Newswire, 10 Jan. 2018
The Australia China Alumni Association (ACAA) has recognized Bethwyn Todd, vice president and director for FMC Agricultural Solutions and president of FMC Asia, with the Australian Ambassador's Award for Women in Leadership. The award recognizes achievements of leading female graduates of Australian universities who inspire other women through their dedication, accomplishments and commitment to the Australia-China relationship.
Knowledge Earns You One Million, Live Trivia Game Is A Hit Now in China
KR Asia, 12 Jan. 2018
Millions of Chinese stop whatever they do once or several times a day, staring at their phone and try to prove their brain is worth one million RMB.