Australia 02 (Jan 11 - Dec 20)

Re: Australia 02 (Jan 11 - Jun 14)

Postby behappyalways » Mon Aug 11, 2014 6:59 pm

China’s Role in Australia’s Rate Quandary
http://blogs.wsj.com/chinarealtime/2014 ... e-quandry/
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Re: Australia 02 (Jan 11 - Dec 15)

Postby winston » Thu Nov 20, 2014 7:22 pm

FTA

In the shadows of the G20 meeting in Brisbane, Canberra inked a free trade agreement with Beijing that will see tariffs on all resources and energy products removed within two years.

By agreeing to the deal, Australia will now reap the benefits of zero tariffs on major exports like iron ore, gold, crude oil, and liquefied natural gas (LNG).

Source: Money Morning
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Re: Australia 02 (Jan 11 - Dec 15)

Postby winston » Fri Nov 28, 2014 5:34 am

Australia proposes tougher rules on foreign home buyers

SYDNEY: Australia could tighten rules on foreign purchases of housing, including tough new penalties for avoidance, under proposals by a government-backed inquiry on Thursday.

The inquiry, chaired by ruling Liberal Party lawmaker Kelly O'Dwyer, was set up to look into concerns that foreign investment was inflating prices and putting homes out of the reach of local buyers.

The inquiry found that current rules on foreign purchases were not being enforced and made 12 recommendations for change, including civil penalties for any breaches.

Penalties would also apply to all third parties who knowingly assist a foreign investor to breach the framework. Any capital gains from the sale of an illegally held property would be seized by the government.

The committee also recommended establishing a national register of land title transfers that would record the citizenship and residency status of all home buyers.

Prices in Sydney rose more than 13 percent in the year to October, prompting many media reports of foreigners snapping up properties.

Although the inquiry was not focussed on investors from any particular country, wealthy buyers from China have largely been blamed for ramping up home prices in Australia's major cities.

Australian property has long been a popular choice for Chinese money - both legitimate and illegitimate - but the flow of investment appears to have accelerated of late.

Australia's Foreign Investment Review Board (FIRB) received approvals to invest nearly A$6 billion ($5.58 billion) into the sector in 2013, up 41 percent on the year. China was the No.1 source of foreign capital investment into real estate.

China is expected to see annual growth of 20 percent in outbound real estate investment in the next decade, up from $11.5 billion last year, property agent Savills has forecast.

Australia is now the second-most favoured destination for Chinese property buyers, behind the United States but ahead of Canada and Britain, according to Juwai.com, the largest real estate portal that targets Chinese buyers looking abroad.

Source: Reuters
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Re: Australia 02 (Jan 11 - Dec 15)

Postby behappyalways » Tue Dec 09, 2014 9:56 am

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Re: Australia 02 (Jan 11 - Dec 15)

Postby behappyalways » Wed Mar 04, 2015 9:16 am

Australia's economy grows 2.5% on year
http://www.bbc.com/news/business-31723715
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Re: Australia 02 (Jan 11 - Dec 15)

Postby behappyalways » Thu Mar 05, 2015 9:55 am

Aging Australia Faces Growth Slowdown, Government Report Finds
http://www.bloomberg.com/news/articles/ ... port-finds
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Re: Australia 02 (Jan 11 - Dec 15)

Postby behappyalways » Mon Apr 13, 2015 12:29 pm

Falling iron ore prices 'to wipe A$25bn off Australia revenues'
http://www.bbc.com/news/world-australia-32281858
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Re: Australia 02 (Jan 11 - Dec 15)

Postby behappyalways » Wed Apr 15, 2015 12:05 pm

Aussie property’s bubbly days are numbered: Goldman
http://www.cnbc.com/id/102587100
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Re: Australia 02 (Jan 11 - Dec 15)

Postby eauyong » Tue May 12, 2015 10:51 am

Australia's AAA rating not at risk says Fitch.

Tue 12 May 2015

Fitch Ratings comments on Australia's AAA rating:

Falling commodity prices will hit the budget bottom line and mean Australia needs to be more fiscally vigilant, but it is not at risk of losing its AAA credit rating, Fitch Ratings agency says.

Australia's reliance on commodities and a large share of debt held by foreign investors make it more sensitive to global factors, Mr Tang said, warning that debt can increase quickly - but Australia's banks and governance give it a strong buffer.

"There is still little evidence to suggest Australia's AAA rating will come under threat over our usual rating horizon of about two years," Mr Tang said.

"Longer term, the outlook is inevitably more uncertain. The Australian economy is at a critical juncture, as the mining investment boom fades and other sectors become more important engines of growth."

In the local press, Australia.
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Re: Australia 02 (Jan 11 - Dec 15)

Postby behappyalways » Sat Jun 13, 2015 6:56 pm

U.N.: Australia paid migrant smugglers to turn boats around
http://edition.cnn.com/2015/06/12/asia/ ... index.html
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