BUSINESS FORECASTING – NEW SOUTH WALES

Coal exports to steady before a slide

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Original article by Joe Kelly
The Australian – Page: 4 : 9-Feb-21

The New South Wales government has forecast that demand for the state’s thermal coal in Asia will remain strong at more than 600 million metric tonnes a year until 2030. However, this is expected to gradually decline to about 470 million metric tonnes in 2050 as the global transition to alternative sources of energy generation gathers pace. The government document also notes that the industry contributes about 22,000 direct jobs to the state economy, as well as some 89,000 indirect jobs.

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Office tenants up but with eye on new supply

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Original article by Robert Harley
The Australian Financial Review – Page: 45 : 6-Aug-15

Sydney’s CBD office vacancy rate fell to 6.3 per cent in July 2015. Strong demand for office space is not limited to the CBD but is also evident in a number of metropolitan areas, including North Ryde, Chatswood and North Sydney. Stephen McNabb, the head of research at CBRE, expects this trend to continue for the next two to three years.

CORPORATES
CBRE PTY LTD, PROPERTY COUNCIL OF AUSTRALIA LIMITED, JONES LANG LASALLE AUSTRALIA PTY LTD, LPC AUSTRALIA PTY LTD, WESTPAC BANKING CORPORATION – ASX WBC, ASHURST AUSTRALIA, ERNST AND YOUNG, DEXUS PROPERTY GROUP – ASX DXS

CBD retailers fear incident will dampen consumer sentiment

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Original article by Sue Mitchell
The Australian Financial Review – Page: 9 : 16-Dec-14

Australian Retailers Association CEO Russell Zimmerman says the siege at a Lindt cafe may deter consumers from shopping in the Sydney CBD in the lead-up to Christmas. Consumer sentiment has already fallen to a three-year low in December 2014, and the hostage drama may further erode consumer confidence. Some retailers in the CBD are deploying additional security staff and reconsidering their trading hours

CORPORATES
AUSTRALIAN RETAILERS ASSOCIATION, AUSTRALIAN NATIONAL RETAILERS ASSOCIATION LIMITED, MYER HOLDINGS LIMITED – ASX MYR, DAVID JONES LIMITED, WOOLWORTHS HOLDINGS LIMITED, WOOLWORTHS LIMITED – ASX WOW, LINDT AND SPRUNGLI (AUSTRALIA) PTY LTD

Power prices to fall for three years

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Original article by Brian Robins
The Sydney Morning Herald – Page: 7 : 12-Dec-14

The Australian Energy Market Commission expects electricity prices to fall in New South Wales (NSW) and rise in Queensland and Western Australia over the next few years. In NSW, prices are likely to drop by 5.8 per cent a year to mid-2017. This trend is the result of lower wholesale prices and regulatory reform

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AUSTRALIAN ENERGY MARKET COMMISSION

Mirvac banks on housing under-supply

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Original article by Samantha Hutchinson|Rebecca Thistleton
The Australian Financial Review – Page: 34 : 25-Jul-14

Some 176,000 new dwellings were added to Australia’s housing market in the last year, but the Housing Industry Association estimates that annual demand is about 190,000. Mirvac CEO Susan Lloyd-Hurwitz expects supply to remain well below demand in the Sydney market, while Sydney lord mayor Clover Moore says affordable housing and transport infrastructure are priorities for the council

CORPORATES
HOUSING INDUSTRY ASSOCIATION LIMITED, MIRVAC GROUP – ASX MGR, SYDNEY CITY COUNCIL, CITY OF SYDNEY, NEW SOUTH WALES. DEPT OF TRANSPORT AND INFRASTRUCTURE