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Business (3101 Stories)

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 [...]

Canberra slips from 3rd to 6th strongest Australian economy

By 29 April 2014 HEADLINE ARTICLE

ACT has slipped from Australia’s third strongest economy to the sixth, according to the ‘April 2014 State of the States’ report issued by CommSec yesterday.
The report also shows ACT has the weakest levels of investment.
The area of the report that may be surprising to read is unemployment rates in the ACT, [...]

Local clothing line forced to rebrand

By 24 April 2014 HEADLINE ARTICLE
zandc

A small local business has been forced to rebrand itself after receiving a trademark infringement notice from retail giant Zara.
Zara issued the notice earlier this month to Canberra mother Neda Luketic for her baby clothing line ‘ZaraBumba’, ordering her to rebrand the company because the name was too similar to theirs.
Ms Luketic launched the online [...]

ACT & Queanbeyan Weekly Property Market Wrap

By 24 April 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: $1,850,000
Lowest Price: $254,000
Average Sale Price: $577,406
25 sales properties had price reductions
57 properties went under offer
47 properties SOLD!
95 properties have come onto the market
5 Properties up for auction this coming weekend
RENTALS
Highest Rental: $1,050 per week
Lowest Rental: [...]

ACT & Queanbeyan Weekly Property Market Wrap

By 17 April 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: $2,200,000
Lowest Price: $200,000
Average Sale Price: $583,078
51 sales properties had price reductions
86 properties went under offer
110 properties SOLD!
144 properties have come onto the market
0 Properties up for auction this coming weekend
RENTALS
Highest Rental: $1,200 per week
Lowest Rental: [...]

Collapsed Canberra IT company saved by purchaser

By 16 April 2014
dataflex

Local IT service provider and reseller Dataflex has been purchased by VTS IT Group, with the transaction including the trading name, customer list and some staff.
The company was placed into voluntary administration earlier this year.
Dataflex has a substantial history of contracts with government departments and reportedly made around $35 million in sales in the 2012-13 [...]

ACT & Queanbeyan Weekly Market Wrap

By 11 April 2014
allhomes

The below real estate market snapshot has been compiled based on the last week’s activity throughout Canberra and Queanbeyan.
SALES
Highest Sale: $1,500,000
Lowest Price: $110,000
Average Sale Price: $569,870
62 sales properties had price reductions
110 properties went under offer
126 properties SOLD!
196 properties have come onto the market
47 Properties up for auction this coming weekend
RENTALS
Highest Rental: $1,955 per week
Lowest Rental: [...]

Job figures – ANZ job ads giveth and the Dept of Environment taketh away…

By 8 April 2014
environment

The ANZ job ad series released promising numbers yesterday morning, indicating a 1.4% rise in job adds in March. This came after a 4.7% increase in February.
This comes when unemployment in the ACT fell to 3.8% in January, which when combined with the job ad figures gives some hope in the market.
I can’t help [...]

Speed Camera Slam

By 21 March 2014

http://www.canberratimes.com.au/act-news/canberra-speed-cameras-slammed-in-report-20140320-355a7.html
In the biggest surprise od the century turns out our speed cameras are rather defective, useless at reducing speed, unplanned and only designed around the budget and not safety.
Its the hospital waiting times on wheels.

“There is no strategic basis for making decisions for integrating the use of the ACT’s four speed camera systems as the [...]

“Greener” Electricity in the ACT – At What Cost ??

By 11 March 2014

A while back, I recall the ACT Government proudly announcing that the feed in tarriff to make the Royalla Solar Farm economically viable, would add about $13 pa to everyone’s electricity bill in the ACT.   Doesn’t sound like much, does it.   But, multiply that by the number of Solar Farms planned ???  It [...]

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