Inbound Chinese investment drops 60pc to $2.8b
SMH, 28 Feb. 2018
Regulatory changes and tightening lending conditions has had a toll on total Chinese outbound investment into Australian commercial property, with a fall of 60 per cent reported in the past year.
Realestate.com.au pushes ahead with home loans
The Australian, 26 Feb. 2018
That's the view of realestate.com.au head of home loans Andrew Russell, who wants to make the property search giant a one-stop shop where users can find a home and get a mortgage.
Australia's banking regulator says the limit on property investor loans is reaching 'the end of its useful life'
Business Insider Australia, 01 Mar. 2018
Australia’s banking regulator indicated today that it’s ready to lift home-loan restrictions on investor lending which have been in place since 2014.
Housing prices slip for fifth straight month, national property report finds
ABC Online, 01 Mar. 2018
Australian housing values have slipped for the fifth straight month, as the crackdown on interest-only lending continues to dampen housing demand.
Australia’s top beach earns a new national property crown
News.com.au, 03 Mar. 2018
MANLY has hit the national spotlight again with the release of a major property report showing it is the number one suburb in Australia for overseas people looking to buy.
Currency & Financial
Australian Dollar Hurt by Holiday-Skewed China Manufacturing PMI
Daily FX, 28 Mar. 2018
The Australian Dollar took a hit, though gave back some of its losses, immediately after we received a snapshot of China’s manufacturing sector. In February, the official PMI reading was 50.3 versus 51.1 expected and 51.3 in January. This was the slowest pace of expansion since July 2016. Keep in mind, a reading above 50 indicates growth while those below show contraction.
Foreign investors continue influence in Australia
The Investor, 02 Mar. 2018
Offshore capital will continue to target Australian real estate this year, with new capital sources and destinations in play.
Virgin hails HNA links despite debt fears
The Australian, 04 Mar. 2018
HNA has been selling off some of its property assets around the world, including in Australia, to reduce its debt. But it is regarded very differently by Chineseauthorities, with state-backed investment company CITIC extending a $US3.2 billion ($4.1bn) credit line to the company last month.
New China chief for Wine Australia, David Lucas
Adelaide Now, 05 Mar. 2018
EXPERIENCED Asian wine operator David Lucas is the new regional general manager greater China for Wine Australia.
JD.com Launches Australian Beef Blockchain Project
Which-50, 02 Mar. 2018
Chinese ecommerce giant JD.com is partnering with Australian beef exporter InterAgri to launch a blockchain-enabled traceability system aimed at providing greater transparency about the provenance of beef sold in China.
Bold strategy of China's Yancoal in Australia pays off
Xinhua, 01 Mar. 2018
SYDNEY, March 1 (Xinhua) -- The Chinese-owned coal producer Yancoal Australia Ltd has reported a huge jump in their full year financial results on Thursday, up 624 million Australian dollars (482.65 million U.S. dollars) on the previous year.
Rio Tinto facing further legal fight over coal investment
ABC Online, 02 Mar. 2018
The Australian Securities and Investments Commission (ASIC) said it has commenced proceedings against the mining giant, its former chief executive Tom Albanese and former chief financial officer Guy Elliott.
Retail & Tourism
The three Aussie shopping centres most popular with Chinese tourists
SMH, 27 Mar. 2018
For every 100 Chinese tourists on a long-term holiday to Australia, 15 will set foot in Sydney’s Chatswood Chase shopping centre three or more times.
We've long heard Australian retail is doomed, but the reality isn't that simple
ABC Online, 01 Mar. 2018
Some of Australia's biggest shopping brands — JB Hi-Fi, Coles and Woolworths — have opened the cash registers to reveal massive profits.
Alibaba Data Proves Consumerism Is Taking Over Chinese New Year
Sixth Tone, 02 Mar. 2018
Today marks the arrival of the Lantern Festival, one of China’s most evocative holidays.
Students from China, India and Nepal surge at Australian universities despite jobs squeeze
SMH, 01 Mar. 2018
Chinese and Indian students have not been deterred by negative media coverage or reports of racist attacks, and are flocking to Australian universities in record numbers.
Ancient Chinese skincare tool gains new popularity in the US
China Daily, 05 Mar. 2018
Amid a shrinking market for beauty equipment, the jade roller, an ancient Chinese skincare tool, has recently gained new popularity in the US.