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Business (3078 Stories)

ACT & Queanbeyan Weekly Property Market Wrap

By 20 June 2014 HEADLINE ARTICLE
allhomes

The below real estate market snapshot has been compiled based on the last week’s activity throughout Canberra and Queanbeyan. Percentages represent the increase/decrease from the previous week.
SALES

Highest Sale: $3,022,000
Lowest Price: $171,000
Average Sale Price: $581,730 (+ 11.15%)
2,546 properties currently for sale
67 sales properties had price reductions
92 properties went under offer
92 properties SOLD!
163 properties have come onto the [...]

The Practice of the Art of Miserablism

By 17 June 2014 FEATURED ARTICLE
protest

I attended a protest rally outside Parliament House yesterday along with about 250 other people. We were protesting at the latest assault on the low paid workers in Australia.
Under the guise of reining in expenditure, Eric Abetz and Joe Hockey have signalled that they are going to change the goal posts for wages earned [...]

A test for Shane Rattenbury on free-range egg standards

By 17 June 2014 HEADLINE ARTICLE

So, the states and territories are going to get together and agree on a national standard for the definition of “free range eggs”. Currently the animal welfare advocates nominate 1500 birds a hectare, while the industry would like 20,000 birds a hectare labelled free range.
These days Shane Rattenbury doesn’t have a lot to say on [...]

Most contractors employed via a recruitment agency to face around 7% pay cut from 1 July

By 14 June 2014 HEADLINE ARTICLE

The ACT government proposes to implement a retrospective change to the payroll tax system which will apply from July 1 (although it is not expected to be passed until later in the year).
This is the details of the change, as best I understand it.
The change will affect most contractors who are employed via a recruitment [...]

ACT & Queanbeyan Weekly Property Market Wrap

By 13 June 2014 HEADLINE ARTICLE
allhomes

The below real estate market snapshot has been compiled based on the last week’s activity throughout Canberra and Queanbeyan. Percentages represent the increase/decrease from the previous week.
SALES

Highest Sale: $945,000
Lowest Price: $220,000
Average Sale Price: $523,369 (- 12.22%)
2,579 properties currently for sale
67 sales properties had price reductions
85 properties went under offer
66 properties SOLD!
157 properties have come onto the [...]

Combining forces in local private business advocacy

By 12 June 2014 HEADLINE ARTICLE

Canberra’s two peak private industry advocacy bodies voted to unite under one banner on Wednesday, in a move that an ACT business leader has described as ”the best possible outcome for business in the ACT”, according to the Canberra Times.
An almost unanimous vote from members of both bodies will see both organisations dissolve and combine [...]

Campbell blocks exceed expectations with the LDA pocketing $63.75m

By 11 June 2014 HEADLINE ARTICLE
lda-campbell

I was listening to 666 this morning as they discussed the section of Campbell up for auction today. Five blocks, located on the corner of Constitution Avenue and Anzac parade were going under the hammer with an expected figure of $40m hoped to be achieved. I must confess, I’m not a massive fan [...]

Increase to minimum pay

By 10 June 2014 HEADLINE ARTICLE

The Fair Work Commission has announced an increase to minimum pay rates from July 2014. Minimum pay will be increased by 3% which equals an extra $18.70 per week.
According to the

Canberra Business Council – ”Budget Banks on Tourism”

By 4 June 2014

Investments in tourism made as part of yesterday’s ACT Budget will help underpin future economic
growth, according to Canberra Business Council.
“Tourism is a vital sector for the ACT,” Canberra Business Council Chief Executive Officer, Chris
Faulks said. “As the nation’s capital it is important we are positioned as such and become a
priority destination for international and domestic [...]

Canberra Business Council – Business gets boost in budget

By 4 June 2014 HEADLINE ARTICLE

Today’s budget shows the ACT Government recognises the need for a diverse and resilient economy
that supports business, provides jobs and attracts investment, according to Canberra Business
Council.
“A number of initiatives funded in the budget will help boost some of our most successful sectors
and those with potential for significant growth,” Canberra Business Council Chief Executive Officer,
Chris Faulks [...]

ACT decline in retail spending

By 4 June 2014 HEADLINE ARTICLE

Canberra has recorded a decline in year-on-year April retail spending for the first time since the Australian Bureau of Statistics began recording monthly data in April 1982, according to The Canberra Times.
According to ABS data, retail sales declined 0.7 per cent to $406.3 million in April.
ACT spending peaked in November 2013 in the lead up [...]

Capital Metro to support more than 3,500 jobs during construction

By 2 June 2014 HEADLINE ARTICLE

The Capital Metro project will support more than 3,500 jobs during construction and many more into the future according to a report by global firm EY released today.
Minister for the Environment and Sustainable Development, Simon Corbell, said the jobs created by the light rail project that links Gungahlin and the city will provide an immediate [...]

Building regulation reforms to save $1.1 billion a year

By 31 May 2014 HEADLINE ARTICLE

Australia’s building ministers have agreed to significant building regulation reforms with the potential to unlock an additional $1.1 billion in economic benefits annually.
The reforms, adopted by the Australian Building Ministers’ Forum meeting in Sydney today, represent an important advance in the Council of Australian Governments’ deregulation agenda.
The forum agreed in principle to make the 2015 [...]

ACT & Queanbeyan Weekly Property Market Wrap

By 30 May 2014 HEADLINE ARTICLE
allhomes

The below real estate market snapshot has been compiled based on the last week’s activity throughout Canberra and Queanbeyan. Percentages represent the increase/decrease from the previous week.
SALES

Highest Sale: $1,450,000
Lowest Price: $207,000
Average Sale Price: $596,246 (+ 8.95%)
2,604 properties currently for sale
71 sales properties had price reductions
89 properties went under offer
108 properties SOLD!
200 properties have come onto [...]

Local budget investing in growing economy

By 26 May 2014 HEADLINE ARTICLE

The ACT Government has its eye on the survival of local small business and life after the public sector for potential redundancy waves likely to hit the Capital in coming months – with a $4.4 million package of business initiatives aimed at growing the economy and creating jobs.
The package is part of a larger investment [...]

ACT & Queanbeyan Weekly Property Market Wrap

By 23 May 2014 HEADLINE ARTICLE
allhomes

The below real estate market snapshot has been compiled based on the last week’s activity throughout Canberra and Queanbeyan. Percentages represent the increase/decrease from the previous week.
SALES

Highest Sale: $985,000
Lowest Price: $175,000
Average Sale Price: $547,257 (- 5.1%)
2,615 properties currently for sale
80 sales properties had price reductions
86 properties went under offer
81 properties SOLD!
225 properties have come onto [...]

Kingston Arts Precinct Master Plan released

By 23 May 2014 HEADLINE ARTICLE
kingston-arts

The Land Development Agency (LDA) has released the Master Plan for Section 49 Kingston, otherwise known as the ‘Kingston Arts Precinct’ or ‘Kingston Cultural Precinct’.

The 5.4 hectare site, bounded by Wentworth Avenue, Eastlake Parade and Giles Street, contains historic buildings such as the Kingston Glassworks, Fitters’ Workshop and the Old Bus Depot Markets.
Retaining the heritage [...]

Age-friendly Awards recognise businesses and employers

By 23 May 2014 HEADLINE ARTICLE

The YMCA of Canberra and the Hellenic Club of Canberra were announced as the winners of the inaugural ACT Age Friendly Awards last night, as part of a joint initiative of the ACT and Region Chamber of Commerce and the ACT Government.
“I am pleased to announce the YMCA of Canberra as the winners of the [...]

Wright building site shut down

By 20 May 2014 HEADLINE ARTICLE

A building site in Wright operated by Empire Building Group has been shut down over a raft of safety concerns, according to The Canberra Times.
Empire Building Group is currently constructing ‘Panorama at Wright’, an estate of 180 townhouses and apartments.
WorkSafe was alerted to concerns regarding safety on the site, but the company closed the site [...]

Giralang supermarket decision to be challenged in the High Court

By 19 May 2014 HEADLINE ARTICLE

The High Court of Australia has granted an alliance of north Canberra businesses leave to appeal from a decision of the ACT Court of Appeal last November which found that the group did not have standing to challenge the decision of ACT Planning Minister, Simon Corbell to approve a redevelopment of the Giralang Local Centre.
The [...]

ACT & Queanbeyan Weekly Property Market Wrap

By 16 May 2014 HEADLINE ARTICLE
allhomes

The below real estate market snapshot has been compiled based on the last week’s activity throughout Canberra and Queanbeyan. Percentages represent the increase/decrease from the previous week. 
SALES

Highest Sale: $1,100,000
Lowest Price: $210,000
Average Sale Price: $576,779 (+ 1.5%)
2,541 properties currently for sale
80 properties had price reductions
118 properties went under offer
101 properties SOLD!
184 properties have come onto the [...]

Arrested Development for Majura Parkway

By 14 May 2014 HEADLINE ARTICLE

Work on the $288 million Majura Parkway extension halted last week after Canberra-based construction company Hewatt Earthworks entered into voluntary administration, according to an article in the Canberra Times.
It remains unclear when work will recommence, however civil construction company Fulton Hogan have expressed their commitment to completing the project on time and within budget despite [...]

Life after the Public Sector

By 12 May 2014 HEADLINE ARTICLE

According to the ABC, an increasing number of public servants in Canberra are moving into technology start-ups.
Local company Entry29 support start-ups and say the number of people attempting to join the industry has more than doubled. Board member Nick McNaughton said those with a public sector background often have the right industry knowledge for [...]

ABS employee in insider trading scam

By 10 May 2014

24-year-old ACT resident Christopher Russell Hill has been extradited to Victoria to face charges over insider trading, according to the ABC.
The Australian Bureau of Statistics employee allegedly disclosed unpublished data to NAB employee and friend Lukas Kamay in Melbourne, aiding in prediction of Australian dollar movement.
Mr Hill made a brief appearance in the ACT magistrates [...]

ACT & Queanbeyan Weekly Property Market Wrap

By 9 May 2014 HEADLINE ARTICLE
allhomes

The below real estate market snapshot has been compiled based on the last week’s activity throughout Canberra and Queanbeyan.
SALES

Highest Sale: $1,205,000
Lowest Price: $315,000
Average Sale Price: $568,241
52 sales properties had price reductions
94 properties went under offer
105 properties SOLD!
203 properties have come onto the market
22 properties up for auction this coming weekend

RENTALS

Highest Rental: $1,100 per week
Lowest Rental: [...]

Increase in Canberra unemployment rate

By 9 May 2014

Canberra’s unemployment rate has increased by 0.1% to 3.6% in April, the first increase since it peaked at 4.1% in September last year – according to latest figures from the Australian Bureau of Statistics.
National unemployment rate remained steady.
According to a report in The Canberra Times, Chris Faulks (Chief Executive of the Canberra Business Council) has [...]

Weekend workers to receive fair public holiday entitlements

By 8 May 2014 HEADLINE ARTICLE

Workers in the ACT’s ever increasing seven-day workforce will be assured of their fair share of public holiday entitlements thanks to legislation introduced today by the Minister for Workplace Safety and Industrial Relations, Simon Corbell.
The changes to the ACT’s Holidays Act 1958 provide that 25 December, 26 December and 1 January will all be official [...]

Telstra Business Women’s Awards

By 7 May 2014 HEADLINE ARTICLE
telstra-awards

With a 20 year history of sharing and recognising the achievements of local businesswomen, the Telstra Business Women’s Award nominations open on the 26th May 2014.
Nominations are accepted from both states and territories and close midnight on the 14th of July.
There are 5 award categories including 3 qualifying categories (1-3):
1. Business Owner Award
2. Private [...]

Ikea for Canberra

By 6 May 2014 HEADLINE ARTICLE FEATURED ARTICLE
ikea

The distinct blue and yellow of Swedish flat pack giant Ikea will soon be part of the Canberra landscape. According to an article on the Canberra Times, ‘commercial sources around Canberra have confirmed the agreements have been signed to sell the 7.6ha site’ with an un-named interstate construction team poised to get on with [...]

ACT & Queanbeyan Weekly Property Market Wrap

By 2 May 2014 HEADLINE ARTICLE
allhomes

The below real estate market snapshot has been compiled based on the last week’s activity throughout Canberra and Queanbeyan.
SALES

Highest Sale: $1,080,000

Lowest Price: $237,000

Average Sale Price: $541,158

55 sales properties had price reductions

83 properties went under offer

70 properties SOLD!

207 properties have come onto the market

48 Properties up for auction this coming weekend

RENTALS

Highest Rental: $785 per week
Lowest Rental: [...]

Audit Commission Recommendations

By 1 May 2014 HEADLINE ARTICLE FEATURED ARTICLE
budget-2014

There has been much talk of what is likely to be included in the next budget, the pain, the sacrifice – taking our medicine to prevent the illness that seems to have formed in our National economy. If Mary Poppins is right and the Government listens to what the Audit Commission has to say, [...]

Local Business missing out on Federal Public Service contracts

By 29 April 2014 HEADLINE ARTICLE

Project tender processes in the Federal Public Service may not be promoting innovation and competitiveness, according to an article in The Canberra Times.
The Canberra Business Council has called for changes to the definitions of value for money, encouraging more local investment in relevant Government contracts, particularly relevant in situations where quotes submitted by [...]

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