$100b Promised for Infrastructure Ahead of Election

10 April 2019
The government has moved to put infrastructure front and centre of the election campaign, unveiling a record $100 billion in funding for road and rail projects over the next decade.
The $100 billion figure announced in Tuesday’s budget is up almost 30 per cent from the $75 billion over 10 years announced in last year’s budget.
The move to 10-year funding agreements – well … Read more »

Business Conditions Bounce Up

3 April 2019
The latest NAB Business Survey released over the weekend showed that business conditions have rebounded strongly in March with profitability and employment components of the survey both up. Business conditions rose by 3 points in March bucking a six month downward trend. The closely watched employment index rose to 7 index points which is well above average.
NAB’s group chief economist Alan Oster said that based … Read more »

Melbourne Industrial Property Hot for Foreign Investors

26 March 2019
Singapore’s Cache Logistics has increased its exposure to Australian industrial property after agreeing to buy a logistics warehouse in Melbourne for $41.2 million.
The listed property trust, which owns $1.35 billion-worth of warehouses in Singapore and Australia, will acquire the single-story property at 182-198 Maidstone Street, Altona, from an Abacus and GAW Capital trust on an initial yield of 6.8 per cent.
Post-acquisition, Cache … Read more »

Job System Overhaul For Small Business Welcomed

“Australia Small Business and Family Enterprise Ombudsman (ASBFEO), Kate Carnell has welcomed the Coalition Government’s commitment to transform Australia’s employment services model to deliver better outcomes for job seekers and employers.”
“The ASBFEO stressed that this development will mean employers won’t waste time sorting through unsuitable job seekers who are just going through the motions to achieve the necessary number of applications.  “Small-business owners spend long hours … Read more »

Autumn is the perfect time to buy or sell a business

Autumn is the perfect time to buy a business, and turn over a new leaf! This time of year we have a high level of quality stock available to choose from, due to heightened activity amongst buyers and sellers. The traditionally quieter period over Summer is well past, and business owners are ready to place their business on the market. For this reason, we have been enormously busy … Read more »

Renewable Energy to Boost Victorian Economy

12 March 2019
Work has begun on a new $275 million wind farm in western Victoria able to power more than 115,000 homes each year.
The construction of the 35-turbine Mortlake South wind farm, near Mortlake in Victoria, will create 90 new jobs in the region and 34 ongoing jobs for locals.
Victorian Energy Minister Lily D’Ambrosio said the development of this new wind farm had been … Read more »

Consider Buying a Regional Business: Lifestyle, Community, Scenery, Affordability

There’s so much happening in regional Victoria. The State government are keen to invest in country communities, and have launched a major campaign to draw the population from booming Melbourne, out into the regions. The buzz is growing momentum, with a popular new TV show titled “Escape from the City.” Benefits of living in regional communities include: relaxed pace, lifestyle, beautiful scenery, sense of community, and (importantly) affordable housing. Here … Read more »

Still Largely Positive News from IMF Report on Australia

People are rarely exposed to good news stories. This can build the wrong picture for people deciding whether or not to invest in business in Australia. In fact, Australia remains a great place to invest, as shown in the latest IMF report into Australia’s economy. The report acknowledges concerns over high household debt and low housing affordability, but stated “The housing market correction should be mild and short-lived,” … Read more »

Australia Seeking More Foreign Investment Into Agriculture to Boost Growth

27 February 2019
The federal government is chasing more overseas investment in Australia’s emerging ag-tech sector as it looks to boost farm and technology exports.
Austrade is launching Australia for Ag as a lack of funds other than government grants threatens to hold back the next generation of smarter and more efficient farming and food production.
The government is concerned that although Australian start-ups and their innovative … Read more »

UK Pushes for Closer Ties with Australia

12 February 2019
Australia could be joining a trans-Tasman-style free-movement area between Australia, Britain, New Zealand and Canada. According to a report, authored by British Conservative MP and foreign-policy specialist Bob Seely and researchers at the Henry Jackson Society.
The report said Britain should also aspire for a free-trade area that emulated the closeness of the trans-Tasman relationship.
Australia’s High Commissioner to Britain, George Brandis, attended the … Read more »