Medical Properties Targets 6% Yield

Moelis Australia’s 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 »

Government Boosts Aged Care Sector

The government announced last Friday that the $90 million it has allocated in next year’s budget to improve rural aged care facilities will be brought forward to this financial year.
As part of the announcement, aged care providers will be able to apply for grants up to $500,000 from a $40 million fund … Read more »

Ahead of the Curve – Banks to Lower Cost of Tap and Go Technology

24 September 2018

Perhaps most of our readers will not be surprised to hear that, according to research, Australian small and medium sized businesses waste an average of 216 hours (about 29 working days) each year counting and banking cash. This is the cost of accepting cash. In recent years however, technology has provided new solutions to reduce this cost of handling cash – contactless technology is now the … Read more »

Ahead of the Curve – Australian Manufacturing Growth Strong

17 September 2018

According to the latest figures from Australian Industry Group, Australian Manufacturing is on the cusp of two years of uninterrupted growth. The Group’s performance of manufacturing index climbed 4.7 points to 56.7 in August, indicating an increase in growth across the sector. Anything above 50 points indicates an expansion in activity, with the distance from 50 indicating the strength of any increase or decline.
The … Read more »

Medical Tourism the New Growth Story for Australia

Australia’s public health system has historically enjoyed excellent reputation as one of the world’s finest. In recent years, this reputation has been more and more appreciated by the growing middle class in Asia. One sub-sector of the health system in particular, has quietly risen from obscurity – IVF.

Australian owners of IVF provider Genea has been working to lure Chinese would-be parents to Australia for high-quality reproductive medicine services.

As revealed by Street … Read more »

Ahead of the Curve – Company Tax Cut to Arrive Earlier Than Scheduled Under New PM Morrison

10 September 2018

The nation’s new Prime Minister Scott Morrison has put the company tax cut policy for small-and medium businesses flagged by himself, ex-PM Malcolm Turnbull and Mathias Cormann two days before the leadership spill high on his agenda. According to costings prepared by the Federal Treasury, details of which was leaked to the financial media last week, PM Morrison’s tax cut would cost up to $3.6 billion and be … Read more »

Ahead of the Curve – Luxury Hotels Flock to Melbourne Whilst Businesses to Benefit from Cheaper Electricity

3 September 2018

In yet another sign of Melbourne’s strong economy outlook, more smart money are pouring into Melbourne’s high-end hotel sector. It was announced last week that Australia’s first St Regis Hotel is set to open its doors within the $800 million triple-tower Flinders Bank development in Melbourne’s CBD.
The 168-room, five-star hotel will occupy levels two to 11 in Tower Two of the development at 7-23 Spencer Street. … Read more »