Australia 01 (May 08 - Jan 11)

Re: Australia

Postby kennynah » Tue Sep 07, 2010 1:50 pm

i'm personally not too keen n kangeroo politics :lol:
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Re: Australia

Postby kennynah » Thu Sep 09, 2010 1:05 pm

bloomberg - 9/9

Australian Employers Added More-Than-Estimated Workers in August

Australian job growth exceeded forecasts in August, sending the unemployment rate down to 5.1 percent and driving the nation’s currency higher on speculation the central bank will resume raising interest rates.
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Re: Australia

Postby winston » Mon Oct 04, 2010 6:25 am

Land of poor white trash approaching October 4, 2010

Our costly infrastructure projects look like train wrecks in the making.

THE former prime minister of Singapore, Lee Kuan Yew, is reputed to have said in the 1980s that Australia was destined to become the ''poor white trash of Asia''. He may yet be right.

Infrastructure is the enabling investment of the future. Get this wrong and Australia's future is constrained. Energy, transport, telecommunications and water are the key to our future in the context of the global issues of peak oil, global warming and water.

http://www.smh.com.au/opinion/politics/ ... 162ll.html
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Re: Australia

Postby kennynah » Tue Oct 05, 2010 11:31 am

RBA keeps rates unchanged at 4.5%

kangeroo currency slides against usd consequently
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Re: Australia 01 (May 08 - Nov 10)

Postby iam802 » Wed Nov 10, 2010 10:25 am

Luxury home auction falls short as rates trim demand

http://www.nzherald.co.nz/property/news ... d=10686508
SYDNEY - A luxury home auction at the Sydney Opera House this week managed to sell only two of the 11 Australian homes on offer, as the most aggressive round of interest rate rises saps demand.

The auction, in a housing market the International Monetary Fund said may be overvalued by as much as 15 per cent, raised A$4.11 million ($5.3 million), a fraction of the A$30 million of properties on sale.

They included 10 homes in New South Wales, five of which were in Sydney, and one in Brisbane, and were valued at A$2 million to A$10 million each, according to Ray White, the biggest property broker in Australia and New Zealand.

"House prices have been going sideways since June," said Alan Oster, chief economist at National Australia Bank.

"You've got interest rates that are going up and have further to go, and that's not helping."

....
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Re: Australia 01 (May 08 - Mar 11)

Postby winston » Sun Dec 19, 2010 8:46 pm

Why You Need Australia in Your Portfolio Now by Carl Delfeld

If you’re looking to kick your global investing up a notch, then look no further than Australia – a country that’s right in the sweet spot between growth and profits. Among its benefits…

It’s commodity-rich.
1) It boasts ample natural resources and beautiful weather.
2) A 2010 United Nations survey ranks it as second only to Norway in terms of the best countries to live in, measuring factors like wealth, security, equality and happiness.
3) And over the past several years, the Aussies have managed to redefine their image from a laid-back paradise for golfers and beach bums into a premier global growth story. But how?

In a word: China.

And in a phrase: Asian emerging markets.

Let’s head Down Under and dig into the Aussie growth story…

How Australia Dodged the Global Financial Bullet

There weren’t many developed nations that managed to avoid the recent financial meltdown. But Australia was largely able to dodge the crisis, thanks to its strong trade relations with Asian and emerging market nations.

In fact, The Financial Times reports that Asia is the destination for 72% of Australia’s exports – up from 40% as recently as 2000.

And it’s no surprise to see that China is Australia’s largest export partner, accounting for $46.4 billion in trade in 2009. Its share of total Australian exports has quadrupled to 25%.

Other Asian nations Japan ($37.1 billion), South Korea ($16.5 billion) and India ($16.2 billion) take second, third and fourth spot, respectively. By contrast, Australia-United States trade totals just $9.5 billion annually.

To further strengthen its trade relations with Asia, Australia signed a Free Trade Agreement (FTA) with the 10-country Association of Southeast Asian Nations (ASEAN) and is also negotiating FTAs with China, Japan and Korea. In addition, Australia is conducting feasibility studies for such trade agreements with India.

And if you break down the reasons behind Australia’s successful trade, there’s a clear winner…
Liquefied Natural Gas Driving Australia’s Strong Performance

There’s no doubt that demand from Asia is behind the surge in Australia’s energy infrastructure.

Chevron Corp (NYSE: CVX), BG Group, Royal Dutch Shell (NYSE: RDS-A) and ConocoPhillips (NYSE: COP) are among the energy companies that are investing about $200 billion in proposed liquefied natural gas projects in Australia.

Western Australia is a big beneficiary. Unemployment in the region has dropped to 4.5%, thanks in part to what Chevron calls a “mega” liquefied natural gas initiative there. The company’s Wheatstone and Gorgon LNG projects are directly linked to the demand from massive Chinese expansion and Asia’s energy needs.

All told, Chevron will increase its capital spending by 20% in 2011 to $26 billion, with around $4.4 billion set aside for its Western Australian projects.

On the other side of the country, in Queensland, BG Group will begin building a $15 billion liquefied natural venture, which will generate 5,000 construction jobs.

This underscores a Bloomberg report last week, which showed that job creation in Australia jumped by the most in 10 months in November. That’s driven the country’s jobless rate down from 5.4% to 5.2%, even as more people entered the workforce.

In turn, that’s led the Australian stock market higher, as well as the Aussie dollar, which reached parity with the U.S. dollar just last month. And the Reserve Bank of Australia has responded by keeping the benchmark interest rate steady at 4.75%, citing the need to fight pending inflation.

But Australia isn’t just about commodities and energy. Far from it…

The Best Way to Take Advantage of Australia’s Mojo

Economic ties between Australia and Asia have broadened from the resources sector to other areas.

And nowhere is that more apparent than in Australia’s large financial sector. It already comprises 40% of the country’s stock market and the iShares MSCI Australia Index (NYSE: EWA) allocates almost 45% of its assets to financial firms.

So don’t be fooled when you learn that the fund’s top individual holding is mining giant, BHP Billiton (NYSE: BHP). The rest of the top five consists of major banks, all of which just happen to have significant exposure to commodities and energy. So in short, the fund gives you the best of both worlds when it comes to capitalizing on Australia’s strengths.

Australia represents a strong investment in its own right. But it’s also a great, high-quality proxy for the Chinese and Asian economic wave. And as long as that wave remains strong, Australian companies will ride along with it.

http://www.investmentu.com/2010/Decembe ... folio.html
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Re: Australia 01 (May 08 - Mar 11)

Postby winston » Sun Jan 02, 2011 12:51 pm

'Biblical' Australian floods claim first victim

Up to 200,000 people are estimated to have been hit by the floods which have left entire towns under water and cut off many more over an area the size of France and Germany combined, wreaking untold billions in damage to crops and the nation's key mining industry.

"In many ways, it is a disaster of biblical proportions," Queensland State Treasurer Andrew Fraser told reporters in flood-hit Bundaberg.

Prime Minister Julia Gillard, who on Friday toured inundated regions, said the floods had been devastating and would have an economic impact.

"We're still directly battling flood waters -- we haven't seen the peak of the flood yet at centres like Rockhampton," she said.

Gillard said the mining sector had been particularly badly hit, adding that farmers, small businesses and tourism would also suffer.

Rockhampton's airport, a major regional hub, was closed to commercial traffic as the runways went under water while the rising water cut main roads into the town and disrupted power supplies.

The town's river is expected to peak at 9.4 metres (yards) Wednesday, threatening 2,000-4,000 homes, and mayor Brad Carter said desperate sandbagging was under way. Rockhampton could be isolated for as many as 10 days.

"The water inundation is far more extensive than we thought it was. It's very extensive," Carter said.

Carter earlier described the swollen Fitzroy river as a "raging torrent of water. It's got a tremendous pace."

In Bundaberg, in Queensland's southeast, the clean-up was set to begin in about 300 homes and 120 businesses as flood waters recede, but other towns such as Theodore and Condamine remain empty of residents.

Source: AFP Global Edition
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Re: Australia 01 (May 08 - Mar 11)

Postby LenaHuat » Tue Jan 04, 2011 9:40 am

I remember this Sept 2010 article from Bloomberg:
Paul Eaton moved to Karratha 10 years ago with a fledgling building business. Now he and his 40 employees can’t build homes quickly enough in the remote Western Australian mining town where demand for land is so hot that the government organizes lotteries to select buyers.

“During ballots people would literally yell out ‘bingo’ if they got a block of land because instantly they knew they’d made A$100,000 ($90,100),” Eaton, 43, said in between monitoring workers at a building site in the town of 20,000 people. “They’d build a house on it and their profit would go up to A$250,000.”

The housing shortage in a region that’s one of the world’s biggest suppliers of iron ore and natural gas is driving up costs for companies such as Chevron Corp. and BHP Billiton Ltd. as they mine raw materials to feed China’s industrialization. Chevron, the second-largest U.S. oil company, was forced to lease seven-year-old cruise liner MS Finnmarken to house 350 workers at its A$43 billion Gorgon gas project.

Karratha, the biggest town in the arid northwest Australian region of the Pilbara, has a median house price of A$775,000, 49 percent more than Sydney’s. A four-bedroom home in the fly- ridden, cyclone-prone outpost rents for about A$10,000 a month, triple the average apartment in Manhattan.
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Re: Australia 01 (May 08 - Mar 11)

Postby kennynah » Tue Jan 04, 2011 4:20 pm

i wonder if aud can remain so strong at almost par with usd for long....

my suspicion is that aud will not remain at this parity level beyond 2011...just my guess...it'll slide below usd once again and this parity level shd be the best they'll see for many years to come...

u say leh?
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Re: Australia 01 (May 08 - Mar 11)

Postby iam802 » Tue Jan 04, 2011 10:19 pm

Queensland floods: Rockhampton braces for flood peak

http://www.bbc.co.uk/news/world-asia-pacific-12109717

--

I was at Rockhampton twice and it never cross my mind that the place is a flood prone area.
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