Archive for October, 2018

New Medical Jobs Promised Ahead Of Victorian Election

With less than a month to go until the Victorian election, the ALP making health, paramedics and improved ambulance response times a priority.
Victorian Premier Daniel Andrews launched Labor’s campaign with a pledge to recruit an … Read more »

Northern Suburbs To Embrace Infrastructure Surge

A new research report by engineering firm Arup released last week has found that Melbourne’s northern suburbs will see more than 200,000 new residents by 2031 on current growth rates of almost 3 per cent a year, and that the area has historically underinvested in public and private infrastructure compared to the rest of Melbourne, therefore Faster-than-expected population and industry growth requires infrastructure planning and building to be … Read more »

Ahead of the Curve – Government to Help Small Business

30 October 2018
We learned last week that the federal government is developing a suite of economic measures to boost small business, as Prime Minister Scott Morrison prioritises smaller companies ahead of the “big end of town” entering the election race.
The policies being worked on include boosting access to funding for small business to overcome a purported credit squeeze, improved tax dispute resolution with the Australian Taxation … Read more »

Ahead of the Curve – More Luxury Hotels Planned for Melbourne

16 October 2018

Last week, in yet another show of optimism in the local Melbourne hotel market, British accommodation giant IHG announced a new 252-room upscale Voco hotel would open in a new skyscraper being developed by the Brady Group in July 2020.
Voco Melbourne Central will form part of the the under-construction 380 Melbourne skyscraper at 380 Lonsdale Street, a $500 million project featuring two towers rising … Read more »

Medical Properties Targets 6% Yield

Moelis Australia will be the top tennant in the proposed Healthley Healthcare REIT.
It was reported last week that the soon-to-be-listed hospital and day surgeries owner Heathley Healthcare Real Estate Investment Trust is coming to market to raise about $250 million, implying about a 6% yield. Heathley will use the funds to continue its acquisition and expansion of its portfolio of medical properties throughout Australia.
Heathley REIT will … Read more »

Ahead of the Curve – Retail sales beat forecasts in August

8 October 2018

It was pleasant news to hear last week that Australia’s retail sales rose 0.3 per cent in August, just beating market economist expectations, as consumers continued to spend despite softness in house prices and higher petrol prices.
Economists had been expecting a reading of 0.2 per cent over the month, according to Bloomberg, up from a flat reading in July.
According to data from … Read more »

New Payment Model Makes Dentistry More Affordable

A visit to the dentist is about to become more affordable for average Australians. Last week, payment financier Afterpay has started offering the ‘buy now, pay later’ flexible payments scheme to the first batch of 52 dental practices throughout the country through Smiles Inclusive, which operates the Totally Smiles brands. The move is expected to trigger a jump in demand, particularly from Millennial customers who have embraced the … Read more »

Ahead of the Curve – Record Industrial Real Estate Price in Melbourne Amid Strong Demand

1 October 2018

Whilst the residential real estate market in Australia may have been cooling in recent months, the industrial real estate market appears to be experiencing the exact opposite.
Last week it was reported that family-run developer Pomeroy Pacific has paid $30.5 million for a 4.1 hectare industrial site next to Woolworths’ Victorian head office and distribution facility in Mulgrave in Melbourne’s south-east. The site was sold … Read more »