ECONOMIC INDICATORS – NEW SOUTH WALES

Demand for coal doubles exports

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Original article by Joe Kelly
The Australian – Page: 2 : 1-Apr-19

Data from Coal Services shows that the volume of coal exports from New South Wales has risen by 118 per cent since 2001. Annual exports peaked at 172 million tonnes in 2014, compared with just 75 million tonnes in 2001 and more than 164 million tonnes in 2018. NSW Minerals Council CEO Stephen Galilee notes that state government revenue from mining royalties is expected to top $8bn over the next four years. He adds that coal, gold and copper generate more than $17bn in export revenue for the state each year.

CORPORATES
COAL SERVICES PTY LTD, NEW SOUTH WALES MINERALS COUNCIL, MINERALS COUNCIL OF AUSTRALIA, INTERNATIONAL ENERGY AGENCY

Sydney houses cement price growth

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Original article by Su-Lin Tan
The Australian Financial Review – Page: 4 : 2-Nov-16

Data from CoreLogic shows that house prices in Sydney increased by 10.2 per cent year-on-year in October 2016. House prices in Sydney also rose by more than 10 per cent year-on-year in September, after recording single-digit growth since February. Tim Lawless of CoreLogic says the Reserve Bank is likely to adopt a cautious approach to further easing of monetary policy due to rising house prices and high auction clearance rates in Sydney and Melbourne.

CORPORATES
CORELOGIC AUSTRALIA PTY LTD, RESERVE BANK OF AUSTRALIA, SQM RESEARCH PTY LTD, STANDARD AND POOR’S CORPORATION, MOODY’S INVESTORS SERVICE INCORPORATED

Six signs show the Sydney residential market has cooled

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Original article by Matthew Cranston
The Australian Financial Review – Page: 40 : 11-Nov-15

A number of factors suggest that growth in Sydney’s residential property market has slowed in 2015. The auction clearance rate has fallen from 89.2 per cent in May to a three-year low of 59.2 per cent. Likewise, the number days a property is listed before selling has risen from 25 in July to 28 in November, while there is also evidence of a widening differential between the reserve price of residential properties and the eventual sale price at auction.

CORPORATES
DOMAIN.COM.AU, RICHARDSON AND WRENCH PTY LTD, CORELOGIC AUSTRALIA PTY LTD, RP DATA LIMITED, AUSTRALIAN FINANCE GROUP LIMITED – ASX AFG, AUSTRALIAN BUREAU OF STATISTICS, RESERVE BANK OF AUSTRALIA, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY