Australia continues to have a globally competitive business environment, ranking 22nd out of 138 economies worldwide in the World Economic Forum (WEF) 2016 Global Competitiveness Report[1] Among countries with a population of more than 20 million, Australia ranks eighth after the US, Germany, UK, Japan and France. Compared to East Asia and the Pacific regionRead more
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An offshore buyer has snatched up 19th Hole Shopping Centre in Woodend, Victoria, acquiring the 18,201 square metre site for almost $18million. Offering significant repositioning opportunity, the neighbourhood shopping centre was listed exclusively for sale for the first time in 50 years by Colliers International selling agents Tom Noonan and Tim McIntosh. The pair fieldedRead more
The WestConnex M4-M5 Link project, Australia’s largest infrastructure project, has reached a critical stage and ready to include twin tunnels in its construction. Similar to the project itself, the tunnels will claim the title as some of the longest in the country. “The M4-M5 Link is arguably the most important stage of WestConnex as itRead more
China’s third-biggest wine maker has purchased three vineyards in Australia as part of its plan to invest $120 million across the country in land and processing facilities. Weilong Grape Wine Company told the Shanghai stock exchange on Wednesday it had agreed to purchase vineyards around Mildura and Swan Hill in Victoria and another location inRead more
Despite talk of property price bubbles, tightening investor lending policies and ongoing debate about the future of negative gearing, Australian property investors remain optimistic about the long-term merits of residential real estate according to a new survey. The second annual Property Investment Professionals of Australia (PIPA) Property Investor Sentiment Survey gathered insights from more than 1000Read more
A flagship Australian wine online store supported by Wine Australia has launched today on Alibaba Group’s business to consumerplatform, Tmall.com, providing a further avenue for Chinese consumers to purchase Australian wines. The online store, constructed and operated by Vinehoo.com, one of China’s leading online wine retailers, will initially stock 10 brands from 8 wine regions,Read more
Wine Australia’s Export Report shows that the value of Australian wine exports continued to experience strong growth in the 12 months to the end of June 2016. From July 2015 to June 2016, the value of exports grew by 11 per cent, driven by bottled exports, particularly at higher price points. Bottled exports grew byRead more
The ease of doing business in Australia, with its stable and transparent regulatory and legal system, strong ethical governance and high professional standards, has led to a significant rise in foreign capital inflows for the residential and commercial sectors, according to JLL. The world’s 10 most transparent markets account for 75 per cent of globalRead more
The state government has released new renderings and animations of the long awaited Cross River Rail project as well as announcing an in-principle commitment of $800 million towards building Queensland’s number one infrastructure project. Meanwhile details of a ‘public transport levy’ are being drawn up by the Queensland Government to help fund the $5.4 billionRead more
AEG-Ogden, a subsidiary company of AEG, the world’s largest entertainment venue operator has unveiled plans for a massive $2 billion ‘Brisbane Live’ ultra-entertainment precinct to be built above the Roma Street rail lines which will be presented to the state government this week. Similar to Madison Square Garden in New York City, or Melbourne’s Federation Square, the new precinctRead more
