The Wild Wild East 26 September 2018

Property

BEER AND SKITTLES: CHINESE INVESTOR BUYS MELBOURNE PUB ON SUB-5PC YIELD

Commercial Real Estate, 12 Sep. 2018

A mainland Chinese investor has snapped up a historic inner-city Melbourne pub on a yield below 5 per cent in a deal that highlights the significant appetite among private investors for well-located metropolitan pubs, despite a recent surge in values.

https://www.commercialrealestate.com.au/news/beer-and-skittles-chinese-investor-buys-melbourne-pub-on-sub-5pc-yield/

 

IPROSPERITY SELLS SYDNEY’S PARK REGIS HOTEL FOR $54 MILLION TO HOTELIER JOHNSON YEH

Commercial Real Estate, 17 Sep. 2018

The iProsperity Group has sold the Park Regis Hotel in Sydney’s CBD for $54.18 million to hotel developer and operator Johnson Yeh.

https://www.commercialrealestate.com.au/news/iprosperity-sells-sydneys-park-regis-hotel-for-54-million-to-hotelier-johnson-yeh/

 

The major east coast property markets fell again as Australian home prices continued to decline

Business Insider Australia, 17 Sep. 2018

Sydney and Melbourne property prices fell for the second straight week, coinciding with a decline in auction clearance rates.

https://www.businessinsider.com.au/australian-property-house-prices-corelogic-2018-9

 

The CBA thinks Sydney property values can fall 10%

Business Insider Australia, 19 Sep. 2018

CBA says Sydney house prices will decline steadily until the end of 2019, with fall of 10.1% from peak to trough.
https://www.businessinsider.com.au/sydney-property-market-price-forecast-2018-9#dXgMpL5zJL6ee0MA.99

 

 

Currency & Financial

Foreign farm tax to drive agri REITs: Pitcher Partners

AFR, 16 Sep. 2018

Stricter rules on foreign investment into farms across Australia could hurt attempts by farmers keen to sell out and may trigger new listed real estate investment trusts (REITs) on the Australian Securities Exchange.

https://www.afr.com/real-estate/foreign-farm-tax-to-drive-agri-reits-pitch--partners-20180913-h15cup

 

Consumers will pay for US tariffs on China

News.com.au, 18 Sep. 2018

A global trade war between the United States and China will hurt Australian consumers caught in the crossfire, the federal trade minister warns.

https://www.news.com.au/national/breaking-news/china-tariffs-to-impact-aust-labor/news-story/a3e1ccbc19829709fc83789db039be25

 

Australian dollar could surge in US-China trade war at the cost of the economy, RBA warns

ABC Online, 20 Sep. 2018

The worst case scenario of a global trade war is that Australia's exchange rate could surge by 6 per cent, but the nation's economy could shrink by 2.5 per cent.

http://www.abc.net.au/news/2018-09-20/australian-dollar-rba-worst-case-scenarios-trade-war/10285550 

 

 

Agriculture

China is Australia’s top market for agricultural exports

The Weekly Times, 18 Sep. 2018

AUSTRALIA’s exports to China have almost hit $12 billion, growing 16 per cent in 2017-18.

https://www.weeklytimesnow.com.au/news/national/china-is-australias-top-market-for-agricultural-exports/news-story/ab36328fc7d6dbe6eee01ffffb187b6f

 

CK Group already a giant landlord in Aussie agriculture and poised to grow

AFR, 21 Sep. 2018

Hong Kong-based conglomerate CK Group is quietly adding to its huge footprint in agricultural land and assets in Australia while the spotlight is on its infrastructure arm and the $13 billion bid for APA Group.

https://www.afr.com/business/ck-group-already-a-giant-landlord-in-aussie-agriculture-and-poised-to-grow-20180920-h15o5r

 

Farm education investment in hope of future bumper crop of agricultural innovators

ABC Online, 23 Sep. 2018

The Tasmanian agriculture sector is celebrating a resurgence in farm education as the Government moves to shore up its long-term vision for one of the island's most valuable industries.

http://www.abc.net.au/news/2018-09-22/investment-in-farm-schooling-for-tas-ag-sector/10294038

 

 

 

Resources

S&P says Australia's uncertain energy policy is undermining investor confidence

Business Insider Australia, 17 Sep. 2018

Uncertainty in Australia’s energy policy is holding back investment vital to ensure system reliability and capacity, says ratings agency S&P.
https://www.businessinsider.com.au/sp-australia-energy-policy-undermining-investor-confidence-2018-9#rqmjkmUormUxUIjp.99

 

 

Retail & Tourism

Chinese Spending More to Book Fall Holiday Travel

Jing Travel, 18 Sep. 2018

Some Chinese travelers are experiencing sticker shock for the upcoming holiday. This year’s Mid-Autumn Festival, which begins next week, and National Day have seen outbound travel prices increase by as much as 30 percent year-on-year to 11 popular destinations, according to a Beijing Youth Daily report that claimed the trend was across various booking platforms. But travelers remain unfazed by the prices to their preferred destinations as more people continued to book flights abroad.

https://jingtravel.com/chinese-fall-holiday-travel/

 

Mirvac partners with China’s online travel agency Ctrip

Shopping Center News, 19 Sep. 2018

The International Visitor Survey last year revealed Australia has welcomed more than 1.3 million Chinese visitors over the past year – second only by a narrow margin, to New Zealand tourists. So it’s no surprise that Mirvac is making the most of this opportunity. Mirvac Retail has become the first Australian shopping centre group to partner with China’s leading online travel agency Ctrip. The partnership provides shopping incentives for Chinese tourists in Sydney to spend at Mirvac’s premium outlet centre Birkenhead Point – strategically launching in time for one of China’s biggest holiday periods ‘Golden Week’.

https://www.shoppingcentrenews.com.au/shopping-centre-news/shopping-centre-marketing/mirvac-partners-with-chinas-online-travel-agency-ctrip/

 

Alibaba Kicks Off Inaugural Sydney E-Commerce Expo

Power Retail, 21 Sep. 2018

Over two days, Alibaba is holding its first e-commerce expo in Sydney. The pioneer of new retail tech and its affiliate companies plan to expose the Australian retail industry to the trends taking the Chinese market by storm.

https://www.powerretail.com.au/pureplay/alibaba-ecommerce-expo/

 

 

Education

Trump's trade war with China good for Sydney University: Michael Spence

AFR, 18 Sep. 2018

Shanghai |Sydney University vice-chancellor Michael Spence says US-China trade hostilities and Brexit will attract more foreign students to Australia.

https://www.afr.com/news/policy/education/trumps-trade-war-with-china-good-for-sydney-university-michael-spence-20180918-h15jdy

 

'We will really miss home': China's Moon Festival can be lonely for international students

ABC Online, 25 Sep. 2018

It's an early morning in a food court near Sydney's Chinatown district.

http://www.abc.net.au/news/2018-09-24/what-if-you-cant-return-home-chinas-moon-festival/10291396

 

 

 

China Domestic

Huawei trolls Apple iPhone X launch in London

CNBC, 21 Sep. 2018

The Huawei van was serving juice to passers by with the tagline: "Get ju%ce that lasts," followed by "No traces of Apple." The reference was to battery life.

https://www.cnbc.com/2018/09/21/huawei-trolls-apple-iphone-x-launch-in-london.html