Politics cloud $371m Kidman property sale
The sale of about one per cent of Australia's land mass to a Chinese-led consortium comes at an awkward time for the Coalition.
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The sale of about one per cent of Australia's land mass to a Chinese-led consortium comes at an awkward time for the Coalition.
Nervous government MPs can only hope it gets better from here. The unofficial campaign is struggling to get off to a flying start.
Call it a session for the true believers. Tuesday was brutal for those who just want stocks to fall all the time.
Australia's largest landholder S Kidman & Co has agreed to sell to Chinese-listed company Dakang for $370.7 million.
It was a day in which questions were asked and not answered, the future was both clear and cloudy, and the rules of reality were decidedly bent.
Resilient commodity prices sparked a surge of buying in resources stocks, helping push the ASX 200 briefly above 5200.
Every day that goes by increases the chances the government is being defined in voters minds by others.
Two out of three Australian believe the housing market is vulnerable to a "significant" correction.
The inconsistent treatment of debt and equity investors is without obvious benefits to either side.
Looking past the election "noise", market volatility and housing fears, advisers say banks and property remain good options.
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