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Canberra, Melbourne dominate new housing hotspots
The north Canberra suburb of Crace has been ranked as Australia’s hottest residential development zone, according to the Housing Industry Association. The annual Population and Residential Building Hotspots report includes eight Melbourne suburbs in the top 20 areas, including Docklands and the City of Melbourne.
Corporate deal activity fails to buoy shares
Shares lost early gains to edge lower on Monday despite private surveys pointing to improvement in the labour market and construction sector.
Pacific Brands chief John Pollaers quits
Updated | Pacific Brands chief executive John Pollaers has resigned, while chairman Peter Bush will take over as executive chairman, following a “divergence” in the views of Mr Pollaers and the board.
ABC Learning lenders settle over $500m claim
A lending syndicate involving the four big banks has reached an out-of-court settlement with the liquidator of failed childcare group ABC learning over a $500 million claim alleging the syndicate deliberately skipped the line of creditors through refinancing arrangements.
When to abandon a crowded trade
Philip Baker | A trading position becomes “crowded” when every investor under the sun is on board. But it only becomes dangerous when investors become complacent, convinced that nothing can go wrong.
Why a good local product is no longer good enough
Two separate takeovers worth $2 billion launched on Monday highlight two big themes in the Australian corporate world.
Clive Palmer to block $8b in budget savings
The Palmer United Party will help the Abbott government tear down the mining tax but only if the Schoolkids Bonus and a number of associated measures are maintained, throwing up to $8 billion in savings into doubt.
Why tech disruptors are ready to undermine bank oligarchy
Comment | Australia’s banks are the most profitable on Earth. But their comfort has left them open to a new breed of agile tech start-ups charging lower prices.
Jetstar delays Airbus orders until 2022
Jetstar Group has finalised the restructure of its large order book for Airbus A320 aircraft, pushing back some of the delivery dates to as late as 2022.
All aboard the Aussie StartupBus
Since 2010, entrepreneurs have loaded onto buses hatching ideas on the way. Now, Australians will get their chances.
Seaside dream too costly for owners
It i’s the great Australian Summer dream: owning a tiny shack on the coast close enough to the beach to taste the seaspray.
Solomon Lew’s secret weapon
Michelle Jablko is not quite what you’d expect from the corporate strategist spearheading Solly Lew’s audacious David Jones play.
Citi, UBS both rate Spotless Group a ‘buy’
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Spotless Group’s brokers Citi and UBS have come out in strong support of the recently listed company, both initiating with “buy” calls and backing it to benefit from growth in outsourcing penetration in coming years.
Movie night heads online
Waiting three months for the latest blockbuster movie to become available in stores or online could soon become a thing of the past.
Taking the science out of CSIRO and into start-ups
Adir Shiffman | I own all the patents held by CSIRO, as well as all those held by every university in Australia. It’s a crazy thought, but it’s true.
House Rules dominates Sunday night TV
Seven’s House Rules attracted 2 million viewers across the five major capital cities for its “winner announced” segment.
The next Zuckerberg won’t be from Oz
Tim Dodd | Australia will not produce the next Mark Zuckerberg and schooling is to blame.
Where’s Whoopsy?
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Rear Window | While children play ‘Where’s Wally’, the troops at Kerry Stokes’s Seven West Media are playing ‘Where’s Worner?’.
How Lion’s XXXX Gold won back beer crown from VB
The beer wars have taken a fresh twist with Lion’s XXXX Gold reclaiming the top spot as Australia’s biggest-selling brew from Victoria Bitter.
Le Tour closer than Sydney cyclists realise
The Tour de France starts this weekend and Australian businesses like Athlete Lab are putting a modern spin on traditional cycling.
What’s under your colleague’s suit?
Precision pouch. The waist eliminator. The Saxx package separator. Women are no longer the only ones wearing body-shaping underwear.
Going crazy for the Tour de France
Staying up late is one thing, but hardcore fans of le Tour spend a month in France at this time of year.
Where to buy your chalet
Sales of alpine properties from Australia to Switzerland have risen as buyers seek a resort lifestyle in the snow.
National
Clive Palmer to block $8b in budget savings
The Palmer United Party will help the Abbott government tear down the mining tax but only if the Schoolkids Bonus and a number of associated measures are maintained, throwing up to $8 billion in savings into doubt.
- CFMEU requested data involved in Cbus ‘leak’
- Canberra, Melbourne dominate new housing hotspots
- Union royal commission could be a gift for the big banks
- Job advertising recovers in June
- Construction activity grows amid housing boom
- Swift axe expected for carbon tax
- Jacqui Lambie meets with Tony Abbott after ‘psychopath’ swipe
- Graduates hardest hit by decision to retain skilled migrant status for accountants
- Dangerous liaisons: Australia’s alliances leave China cold
Apartment traps for first-home buyers
With more people than ever moving into units, researching a building’s strata agreement and being active in the owners’ corporation are essential steps for smart owners.
Opinion
Vale the show that sparked ingenuity
Backstage I would vomit. Usually about 20 minutes before we made our way out into the glaring lights of the studio and several hundred Gruenistas.
Traps in the return to credit regulation
What is it about macroprudential policy that has captured the public’s imagination?
After Japan, let’s put our foot firmly in trade doors
Dan Tehan | The Japan-Australia free-trade agreement is one of the Abbott government’s most significant achievements – but we must follow it with other deals that export market liberalisation.
World
Joko rallies fans in bid to hold Indonesian poll lead
Presidential hopeful Joko Widodo has pledged to build a ‘new history’ for his country at his last campaign rally in a push to hold votes in a tight election race.
- Lagarde Hints at Global Forecast Cut Even as U.S. Rebounds
- Al-Sisi wishes Al-Jazeera journalists had never been tried
- Egypt hikes taxes to tackle budget problems
- North Korea to send cheerleaders to Asian games
- Kiev’s military finds footing against rebels
- The new Australia-Japan relationship
- Xi underlines China’s bond with South Korea
Banking giants fight private equity firms for best and brightest
A battle is raging on Wall Street, as powerful factions scramble for control of a precious resource: young talent.
Business
Pacific Brands chief John Pollaers quits
Updated | Pacific Brands chief executive John Pollaers has resigned, while chairman Peter Bush will take over as executive chairman, following a “divergence” in the views of Mr Pollaers and the board.
- Expedia launches $703m Wotif bid
- Jetstar delays Airbus orders until 2022
- Aristocrat buys US rival for $US1.3bn
- Macquarie drawn into Commonwealth Bank financial planning row
- Andrew Forrest-backed Poseidon buys Norilsk nickel project
- Jetstar Hong Kong considers aircraft sale
- Country Road forecasts strong profit growth
- Japan telco NTT seeks Telstra deal to do business in Asia
- IFM eyes $7.4b West Pilbara project
Geoff Wilson’s charity company lures top managers
Several high-profile investment experts will be named as fund managers for a listed investment company, driven by Wilson Asset Management’s Geoff Wilson, that will donate to children’s charities.
Technology
NAB counts record online traffic as strategy endorsement
National Australia Bank has labelled record-breaking traffic on its internet banking platforms on the last day of the financial year, as an endorsement of its recently launched business banking platform and an indication of the continuing growth of online banking.
- Why tech disruptors are ready to undermine bank oligarchy
- Time to close the cinema window as movie night heads online
- Aussie start-ups seek success on the road
- Apps to help you make life’s big decisions
- Expedia launches $703m Wotif bid
- How to get the science out of CSIRO and into start-ups
- On the road to a tech-connected family holiday
- Japan telco NTT seeks Telstra deal to do business in Asia
- Why the next Zuckerberg won’t be Australian
Apple’s iWatch to get voice messaging?
The iWatch, if it exists, may well come with Apple’s new voice messaging software, which definitely does exist.
Markets
Corporate deal activity fails to buoy shares
Shares lost early gains to edge lower on Monday despite private surveys pointing to improvement in the labour market and construction sector.
- Forget $A jawboning and buy the dip, says Citi
- Construction activity grows amid housing boom
- Pub owners denounce Tatts Group, Tabcorp practices
- ASX urges local companies to go global
- BHP aims to catch Rio on costs
- Eyebrows raised over post-float trading spikes
- Food for thought in appetite for Bellamy’s Organic IPO
- Global safety trend a potential growth story for Ansell
- Shale boom to keep US world’s top oil producer
Patersons’ Top Four oil and gas picks
Patersons Securities is highlighting its Top Four picks from ASX stocks with exposure to premium US oil and gas ground in Texas.
Personal finance
Beat the IPO market at its own game
Amid a global IPO boom, investors can see floats as a do-or-die affair. They either join the dogfight and jostle for scraps in high-quality offers, or avoid them completely.
- Do the sums on the true cost of private schools
- Apartment traps for first-home buyers
- FoFA backflips land us with a contradictory system
- Time to reduce your portfolio’s risk
- How to create a business from nothing but contacts
- Give me choppers (and truffles) any day
- Financial planning’s ‘bad apples’ must go
Super fund art works are not there to be enjoyed
Michael Levitt | Imagine this scenario. A government employee arrives at my front door unannounced. His job – to inspect my home for signs that I have been openly displaying art.
Lifestyle
Definition of cool: a private chef
Securing a name restaurant chef to cook for you at home is challenging, but definitely worth it.
BMW 435i convertible will flip your lid
Midwinter driving with the top down is a breeze: there is a wind deflector, air collars and rollover protection.
Paris menswear plays with the categories
Next season’s trends, unveiled in a cascade of light and sound, include elegant sportswear and softened masculinity.
Off the cobblestones in Prague
The Czech capital is changing: even locals haven’t heard of all the new art galleries, bars and neighbourhoods.
Latest TV
Apartment traps for first-home buyers
Apartment owners legally own the paint on their walls and their carpets – but the walls themselves and the floor are common property, collectively owned.
Anton Tagliaferro sees no interest rate cut soon
Investors Mutual founder and BRW Rich lister Anton Tagliaferro says if the RBA were to lower interest rates in the current property market, it would be like "throwing petrol on the fire".
Market hopes for sentiment clues, strong jobs data
Markets will see if the post-Budget sentiment slump has subsided, jobs data is expected to be strong, and housing is holding up.
Palmer tells Press Club he won't support copayment
In an address to the National Press Club, Clive Palmer says he and his Senators cannot support measures that 'destroy our way of life'.
