The Wild Wild East 09 May 2018

Property

Sydney auction clearances cool to below 60 per cent

AFR, 29 Apr. 2018

Sydney's auction clearance rate has dipped below 60 per cent again for the second time this year, as tighter funding crimps demand and sellers continue to hold hope for higher prices.

http://www.afr.com/real-estate/sydney-auction-clearances-cool-to-below-60-per-cent-20180429-h0zecp


Home loans are going to be tougher to get

News.com.au, 3 May 2018

GETTING a home loan could be about to get a whole lot harder, thanks to the Financial Services Royal Commission. That’s not just bad news for people hoping to buy — in Australia’s home-loan-dependent economy, it could be very disruptive.

http://www.news.com.au/finance/real-estate/buying/home-loans-are-going-to-be-tougher-to-get/news-story/5651d277d701405abb175292c870c4fa

 

'Is this the Tasmania we want?': Chinese investors plan $100m east coast resort

SMH, 4 May 2018

A massive $100 million development boasting a golf course and health resort to lure cashed-up Chinese tourists to Tasmania's picturesque east coast is one step closer to being built.

https://www.smh.com.au/national/is-this-the-tasmania-we-want-chinese-investors-plan-100m-east-coast-resort-20180502-p4zcwa.html

 

New Tax On Foreign Buyers Of Australian Real Estate

Law 360, 4 May 2018

Victoria, Queensland and New South Wales have all introduced new foreign investor stamp duty surcharges for transactions involving direct and indirect acquisitions of residential property.

https://www.law360.com/realestate/articles/1038103/new-tax-on-foreign-buyers-of-australian-real-estate

 

Currency & Financial

China eases restrictions on foreign ownership of securities ventures

China Embassy, 30 Apr. 2018

China’s securities regulator has released new guidelines for foreign investment in Chinese security joint ventures in which it eased some restrictions and launched an application process for more foreign ownership.

http://au.china-embassy.org/eng/sgfyrth/t1555697.htm

 

Experts say Greens tax policy would drive down international investment

AFR, 2 May 2018

Experts say Greens plans' to limit tax deductions for multinationals will make Australia less attractive for international investment, calling for wider reform and a lower corporate rate instead.

http://www.afr.com/news/experts-say-greens-tax-policy-would-drive-down-international-investment-20180502-h0zjka

 

CBA cuts Australian dollar forecasts for 2018, 2019

AFR, 3 May 2018

Commonwealth Bank has cut its Australian dollar forecast for this year and next to take into account a slowing global economy, the pricing out of an interest rate hike in Australia this year and a firming of the US dollar.

http://www.afr.com/markets/currencies/cba-cuts-australian-dollar-forecasts-for-2018-2019-20180503-h0zlig


Offshore investors shun Australian banks, Credit Suisse says

AFR, 3 May 2018

Offshore investors appear to be taking a negative view of the Australian banking sector, which is under fire from royal commission into the financial services sector.

http://www.afr.com/markets/equity-markets/offshore-investors-shun-australian-banks-credit-suisse-says-20180503-h0zl18

 

Australia's Sirtex gets $1.4 bln takeover offer from China's CDH Investments

Reuters, 4 May 2018

May 4 (Reuters) - Australia’s Sirtex Medical said on Friday China’s CDH Investments has made an offer to buy all shares of the company for A$1.87 billion ($1.41 billion), or A$33.6 per share, in cash.

https://www.reuters.com/article/sirtex-medical-ma-cdh/australias-sirtex-gets-1-4-bln-takeover-offer-from-chinas-cdh-investments-idUSL3N1SB218

 

Agriculture

Western Australia lobsters rock stars in China as FTA starts to bear fruit for fishery

ABC Online, 2 May 2018

Australia's free trade agreement (FTA) with China is starting to bear fruit for the nation's most lucrative commercial fishery.

http://www.abc.net.au/news/2018-05-02/western-rock-lobsters-from-wa-live-export-to-china/9716556

 

Avocado may top China's Aussie fruit wish-list

Adelaide Now, 1 May 2018

AUSTRALIAN fruit is finding firm markets in China, with even more potential emerging in the countrys rapidly-growing e-commerce channels directly selling online to customers, according to latest findings from agribusiness experts.

http://www.adelaidenow.com.au/business/sa-business-journal/avocado-may-top-chinas-aussie-fruit-wishlist/news-story/ca8a84428e37c0741a58ca1c9e526618

 

Massive cattle station Clifton Hills up for sale

AFR, 6 May 2018

Australia's second biggest cattle station, Clifton Hills Station in the far north-east corner of South Australia, has been listed for sale.

http://www.afr.com/real-estate/commercial/investment/massive-cattle-station-clifton-hills-up-for-sale-20180504-h0zn2t

 

Resources

'Coal is dead': Neoen eyes another $4 billion in Australian investment

SMH, 2 May 2018

Neoen, the French company behind a plan to triple its renewable energy in Australia, says coal is "technically and economically dead", as falling renewable energy costs eclipse fossil fuels.

https://www.smh.com.au/business/companies/coal-is-dead-neoen-eyes-another-4-billion-in-australian-investment-20180502-p4zcw2.html

 

Retail & Tourism

Hyatt Centric to open in Melbourne, Australia

Hotel Management, 30 Apr. 2018

Hyatt Hotels Corporation has signed a management agreement with Little Projects to open a Hyatt Centric hotel in Melbourne, Australia. 

https://www.hotelmanagement.net/operate/hyatt-hotels-signs-new-hyatt-centric-melbourne-australia

 

China warns tourists about security risks in Australia

AFR, 1 May 2018

China has highlighted security risks for its citizens visiting Australia, the United States and nine other countries in a travel warning which will worry tourism operators becoming increasingly dependent on booming Chinese visitor numbers.

http://www.afr.com/news/politics/world/china-warns-tourists-about-security-risks-in-australia-20180501-h0zi9u

 

Melbourne move looms as Hilton doubles hotels in Australia

The Australian, 1 May 2018

Hilton Hotels is accelerating its plans to grow in Australia, saying it is poised to make a major announcement in Melbourne as part of its program to double its existing operations of 23 Australian properties within five years.

https://www.theaustralian.com.au/business/property/melbourne-move-looms-as-hilton-doubles-hotels-in-australia/news-story/47ef82e0bba20da6e0a397f0870b337a

 

Baby food company Bubs Australia wins big Chinese contract

The Australian, 1 May 2018

ASX-listed baby food company Bubs Australia is stepping up its exposure to the rapidly growing Chinese mother and baby market with a deal to supply Chinas largest distributor of infantnutrition products.

https://www.theaustralian.com.au/business/companies/baby-food-company-bubs-australia-wins-big-chinese-contract/news-story/0c1430a9c068dc70bdb4bd3ea5d58eb7

 

Education

Chinese student influx driven by facts, not friction

The Australian, 1 May 2018

Chinese families planning to send a son or daughter to study in Australia have mainly dismissed concerns about student safety and political friction between the two countries.

https://www.theaustralian.com.au/higher-education/chinese-student-influx-driven-by-facts-not-friction/news-story/f82071ad474075ab479e76801857c041

 

China Domestic

80,000 durians sold in 1 minute: Jack Ma displays magic of e-commerce in Thailand

The Star, 21 Apr. 2018

BANGKOK: Thai durians sold like hot cakes in Thailand after Jack Ma showed the magic of e-commerce during his visit by selling 80,000 golden pillow durians on his online platform T-mall within one minute.

https://www.thestar.com.my/news/regional/2018/04/21/800000-durians-sold-in-1-minute-jack-ma-displays-magic-of-ecommerce-in-thailand/