Author: roymorgansocial

Gary Morgan – Solving the ‘cash economy’ is ‘too hard’ for Joe Hockey and Bill Shorten to tackle. Amnesty is the only solution to allow the economy to start afresh

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Original article by Roy Morgan Research
Morgan Poll Update – Page: Online : 4-Sep-15

The 7-Eleven Stores and now United Petroleum scandals confirm what we at Roy Morgan have been saying for years about the "cash economy". A few years ago I asked Opposition Leader Bill Shorten if he would tackle the "cash economy", Shorten’s answer – "too hard"! (Shorten was Employment and Workplace Relations Minister during the Rudd-Gillard-Rudd Governments). Recently I asked Treasurer Joe Hockey the same question at the Australian Chamber of Commerce and Industry (ACCI) Business Leaders’ Summit. Hockey avoided the question and spoke to his talking points. Obviously the only viable solution to deal with cash "rorts" is to declare an amnesty and allow the economy to start afresh – taxes can be cut without putting up the GST. Unfortunately the issues created by Australia’s large "cash economy" are ignored by politicians and the Fair Work Judiciary – many of whom have reached their current positions following careers and close associations with the unions and the ALP.

CORPORATES
MORGAN POLL, ROY MORGAN RESEARCH LIMITED, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN LABOR PARTY, 7-ELEVEN STORES PTY LTD, UNITED PETROLEUM PTY LTD, AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY, AUSTRALIA. FAIR WORK COMMISSION, AUSTRALIAN BUREAU OF STATISTICS, AUSTRALIA. PRODUCTIVITY COMMISSION, ALIBABA.COM CORPORATION, NEW YORK STOCK EXCHANGE, NEW SOUTH WALES. DEPT OF PREMIER AND CABINET

Global investors want Australian assets: HSBC

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Original article by Larry Schlesinger
The Australian Financial Review – Page: 45 : 3-Sep-15

US, Canadian and European pension funds are seeking Australian commercial property because the long-term demographics look good, according to HSBC’s global head of corporate real estate, Andy Armstrong. Visiting from London, Armstrong says strong population growth, urban infrastructure renewal and a business-friendly environment make Australia a stand-out economy for real estate investment.

CORPORATES
HSBC BANK PLC, ERNST AND YOUNG, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, MACQUARIE BANK LIMITED – ASX MBL, HSBC BANK AUSTRALIA LIMITED

Investor rate rises prompt owner-occupiers to switch

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Original article by Clancy Yeates
The Australian Financial Review – Page: 3 : 3-Sep-15

A growing number of home loan customers are alerting banks they have changed their status from investor to owner-occupier. While they had no incentive to do so before, banks are now charging investors higher interest rates for the first time since the 1990s. The industry says the trend may involve thousands of customers, complicating the compilation of official statistics.

CORPORATES
WESTPAC BANKING CORPORATION – ASX WBC, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, YELLOW BRICK ROAD HOLDINGS LIMITED – ASX YBR, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, UBS HOLDINGS PTY LTD

Retail A-REIT rejig mix to safeguard earnings

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Original article by Larry Schlesinger
The Australian Financial Review – Page: 38 : 3-Sep-15

Earnings growth was driven by specialty tenants such as cinemas, fashion and food, according to listed retail property trusts. Fund managers predicted further attention to the tenant mix in malls to enhance portfolio quality. Attracting global brands also remained a focus.

CORPORATES
CHARTER HALL RETAIL REIT – ASX CQR, FEDERATION CENTRES – ASX FDC, NOVION PROPERTY GROUP, SCENTRE GROUP – ASX SCG, ALDI STORES SUPERMARKETS PTY LTD, COLES GROUP LIMITED, WOOLWORTHS LIMITED – ASX WOW, SHOPPING CENTRES AUSTRALASIA PROPERTY GROUP – ASX SCP, WESTFIELD CORPORATION – ASX WFD, BWP TRUST – ASX BWP, BUNNINGS GROUP LIMITED

Virtual sellout as Elliott collection fetches $7m

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Original article by Jane O’Sullivan
The Australian Financial Review – Page: 15 : 3-Sep-15

The sale of the Peter Elliott collection was quite successful. The first day of the auction on 31 August 2015 ended with 100 per cent clearance rate by volume. Mossgreen reported that, out of 1015 lots, only 22 lots did not find a buyer. The three-day auction generated $A7.03 million in sales.

CORPORATES
MOSSGREEN AUCTIONS

Government’s carbon rules all gums, no teeth, say experts

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Original article by Mark Ludlow
The Australian Financial Review – Page: 3 : 3-Sep-15

Environment Minister Greg Hunt says new carbon emissions rules strike a balance between tackling climate change and giving businesses flexibility in their operations. Big polluters can be fined up to $A1.8 million, but Hunt says the scheme is not a revenue raiser and he hopes no company is penalised. Critics say the rules are too soft.

CORPORATES
AUSTRALIA. DEPT OF THE ENVIRONMENT, GRATTAN INSTITUTE, REPUTEX AUSTRALIA PACIFIC PTY LTD

More young singles, couples and parents now car-free while older homes hold on to their wheels

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 3-Sep-15

A Roy Morgan Single Source survey (April 2010 – March 2011 and April 2014 – March 2015) has found that an estimated 574,000 Australian households (6.3 per cent) now do not have a car, up from 490,000 (5.8 per cent) four years ago. A higher proportion of younger and mid-life households, ranging from Young Singles, Young Couples and Young Parents through to Mid-Life Families, now do not have car compared with 2011. Older Households – which make up around a third of the population – have bucked the trend, and are now less likely to be car-free.

CORPORATES
ROY MORGAN RESEARCH LIMITED

Ride on: the holiday habits of regular cyclists

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 3-Sep-15

A Roy Morgan Single Source survey (July 2014 – June 2015) has found that cycling participation in Australia has risen dramatically over the last few years. Just over 1.5 million Australians aged 14+ (some eight per cent of the population) regularly ride a bike. Regular cyclists are far more likely than the average Australian to name certain destinations as places they’d like to spend a domestic holiday. South Australian (SA) regions feature prominently: regular cyclists are 140 per cent more likely than the average Australian to nominate the Adelaide Hills as somewhere they’d like to visit, 138 per cent more likely to name the Riverlands/Renmark/Blanchetown region, and 119 per cent more likely to name the Flinders Ranges. These regions are all notable for their popular cycling paths. Outside of SA, other destinations more popular with regular cyclists than the average Australian tend towards high-altitude areas (Falls Creek; Mt Buffalo/Mt Baw Baw/Lake Mountain) and Queensland’s Stanthorpe.

CORPORATES
ROY MORGAN RESEARCH LIMITED

Worst growth rate since Coalition elected Hockey shrugs off bad news

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Original article by Jacob Greber
The Australian Financial Review – Page: 1 : 3-Sep-15

A spike in government spending, mainly on defence, helped prevent the economy shrinking for the first time in more than four years in the June quarter of 2015. Exports were down and investment was weaker, cutting GDP growth to 0.2 per cent from 0.9 per cent for the previous three months.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN BUREAU OF STATISTICS, RESERVE BANK OF AUSTRALIA, VICTORIA UNIVERSITY, AUSTRALIAN LABOR PARTY, DELOITTE ACCESS ECONOMICS PTY LTD, ALPHABETA, INDUSTRY SUPER AUSTRALIA PTY LTD

NAB cold on Adani’s Carmichael

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Original article by Amanda Saunders, Ben Potter
The Australian Financial Review – Page: 8 : 3-Sep-15

National Australia Bank is reported to have ruled out investing in Adani’s $A16 billion Carmichael coal project in Queensland. Adani responded by saying it had never approached NAB for funding. Meanwhile, announcing a 15.4 per cent return on its portfolio, Future Fund chairman Peter Costello said the fund would continue to invest in companies where there was an investment case, whether they were mines or banks supporting mines.

CORPORATES
NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, ADANI MINING PTY LTD, AUSTRALIA. FUTURE FUND MANAGEMENT AGENCY, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, MINERALS COUNCIL OF AUSTRALIA, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, WESTPAC BANKING CORPORATION – ASX WBC, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, RIO TINTO LIMITED – ASX RIO, BHP BILLITON LIMITED – ASX BHP, GREENPEACE, BANK OF TOKYO-MITSUBISHI LIMITED, WHITEHAVEN COAL LIMITED – ASX WHC, NEWCASTLE CITY COUNCIL