ACCORDING to consulting group SGS Economics and Planning … Australia’s economy grew by 38% during the 1990s; and by 34%, during the 2000s. However, it has only grown by just over 2% since then.
So let’s delve into the reasons behind this decline?
If you study the accompanying graph, you’ll notice that Sydney contributed around 27% of Australia’s GDP growth during the 1990s. But then that nearly halved to 14.5%, between 2000 and 2010. [Read more…]
At last Friday’s AGM, Mike Smith told the ANZ shareholders he was optimistic about the Australian economy … due to its proximity to fast-growing Asia.
In China, the economy grew at 9% over the year. And while many commentators talk about the risks to growth in China, I have been there regularly this year and I am confident about the ability of the Chinese government to manage inflationary pressures and managed the shift from export-led growth, to growth based on more internal demand. [Read more…]
RATHER than you having to download an App to make these articles easier to read on your iPhone or iPad, you will discover they have been completely reconfigured for you.
If you’re reading this on your iPhone or iPad … simply, click on the link below to Read more, and you can then check out the new format for yourself. [Read more…]
ALL YOU need is a sprinkling of confidence … with an understanding that things are not as bad as you read in many newspapers.
For some time now, I have been trying to explain how the underlying fundamentals for Australia’s economy and Commercial property are strong.
And a recent AFR headline Recruitment boom bucks the trend (9 Dec 2011, page 41) now confirms that our major law firms are “in the midst of a hiring spree”.
However, if you still need some more convincing of Australia’s well-being, just take a look at these two graphs. [Read more…]
BANKS have a variety of ways of analysing a Commercial property; but there are a few guidelines they all tend to use.
For them, the most important number is the property’s Net Operating Income — which is basically rental minus expenses. As simple as that may seem, the calculation can vary dramatically from lender to lender.
Calculating the Net Operating Income is fairly straightforward. [Read more…]
LAST week, The Australian newspaper invited three Commercial property experts to respond to the following question:
If China’s growth story begins to peter out, what will be the impact on Australia’s commercial property market?
Those experts included … Greg Marr (MD of DTZ), Tony Crabb (Research Head of Savills), together with me (as CEO of Properly Edge Australia).
And you can read all three responses, which appeared in Saturday’s Weekend Australian [Commercial Property 3]. What I’ve included here below is my contribution to that analysis … [Read more…]
WHENEVER you find yourself with Power during a negotiation, you are then in a position to have far more control over the ultimate outcome.
However, as you can appreciate, Power can take on several forms. And just to give some examples, you could have the … [Read more…]
