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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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’.
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.
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.
'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.
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.