Nedlands, Cottesloe top $1m+ sales list

Two of Perth’s western suburbs are all that stood between a total eastern states domination of Australia’s premium property markets last year.

Figures released by property analysts RP Data show Nedlands and Cottesloe as the only two non-Sydney or Melbourne suburbs to make the top 20 areas for $1 million-plus house sales last year.

The recovery from the global financial crisis showed in the figures.

There were 122 such sales in Nedlands, placing it 10th nationally, while Cottesloe (15th) clocked up 106 settlements.

The number of sales in Nedlands was a record for the suburb, six higher than in 2007 and almost double that of 2008.

But Cottesloe, while recording an almost 50 per cent increase on the previous year, was 15 short of its 2007 record.

Meanwhile, the seemingly never-ending building of apartment buildings in Earth Perth saw it top the state for sales of $1m-plus units.

The suburb shared the honour with South Perth. Both had 33 sales, placing them 17th nationally.

The number of East Perth sales was also a record for the suburb, beating the previous best of 32, in 2007.

That year, there were a record 52 $1m-plus unit sales in South Perth.

The inner-city Sydney suburb of Pyrmont topped the list, with 95 units sold, while just a few kilometres north, Mosman led the country for house sales, with 271 recorded.

RP Data national research director Tim Lawless said premium property markets generally provided stronger capital gains, mainly due to “inherently tight supply”.

However, they could be tricky for investors because rental yields were much lower, leading to cash flow issues.

Source  :  www.watoday.com.au

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Winter sprinkler bans to become permanent

Sprinklers will be permanently switched off during winter from next year after the State Government today to retain this year’s trial sprinkler ban.

Yesterday’s decision follows a two-month trial ban during July and August, which Water Minister Graham Jacobs said saved about 2.2 billion litres of water, equivalent to filling 880 Olympic-sized pools and enough to supply towns the size of Manjimup or Collie for a year.

The permanent ban will apply from June 1 to August 31.

 The trial ban – for most scheme users south of Kalbarri – was introduced after water usage earlier this winter was running at 800 million litres a day, 300 million litres above average.

Dr Jacobs said today that the ban saved 50 million litres a day, while an independent survey last month indicated 93 per cent of residents supported the move.

“This is an outstanding community achievement because while there has been reasonably consistent rain, we are still well below the long-term annual rainfall average,” Dr Jacobs said

Dams were now at 45.5 per cent of capacity, their second-highest level this decade. They are holding 19 per cent more water than the same time last year.

Water Corporation figures show rainfall in all but one of the catchments for dams supplying Perth are below their historical averages for the year-to-date.

Dr Jacobs said the exact area of the permanent ban, and any adverse impact for industry and local government users would still have to be worked out.

This would occur “soon”, and some areas that took part in the trial ban – which ran from Kalbarri to Esperance and east to Kalgoorlie-Boulder – could have a case to be excluded.

These users were asked to voluntarily stop using bores during the two-month ban period, while garden bore users were allowed to turn them on for maintenance reasons.

“A lot of people say garden bores are not pulling on the scheme, but we all realise our underground water resources are all related,” Dr Jacobs said last month.

Source  :  www.watoday.com.au

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Private school fees to rise 8pc

Parents of children at private WA schools should brace for fee rises up to four times the inflation rate next year, with new figures showing education costs leapt 37.5 per cent in the past five years.

Elite colleges said it was too early to set next year’s fees but they predicted rises between 5 and 8 per cent.

Principals said big pay rises to State schoolteachers last year in a three-year agreement were driving up fees at private schools because they competed for staff.

Scotch College principal Andrew Syme said fees at private schools had to go up at least 6 per cent to keep pace with teachers’ pay rises before any improvements in service.

Anglican Schools Commission chief executive Peter Laurence said fee rises at low-fee church schools would be similar to last year’s increases of between 6 and 9 per cent.

“Teachers’ pay is the number one driver that’s going to keep increases higher than they used to be a few years ago,” he said.

Australian Bureau of Statistics figures show education costs in Perth, comprising school fees and other miscellaneous costs, have jumped 37.5 per cent since 2004 – the biggest increase registered by any capital city. Canberra had the second biggest leap, with 29.4 per cent.

The rise was driven by a 55.9 per cent lift in fees associated with pre-schools and primary schools. By contrast, pre-school and primary school education costs in Sydney rose almost 23 per cent.

Pre-school and primary school fees have grown faster than the average wage of West Australians which, between 2004 and today, jumped 44 per cent – the biggest rise of any capital city.

The State Government has held down public primary school fees so the increase is mainly for private schools.

A private education in WA costs between $3000 a year for Year 12 tuition at low-fee Catholic schools and $17,000 a year at high-fee independent schools. Many private schools in Sydney and Melbourne charge more than $20,000 a year.

Association of Independent Schools of WA executive director Valerie Gould said the recent teacher pay rises and rising construction costs in the building boom two years ago may have been the big contributors to increased education costs.

WA Chamber of Commerce and Industry chief economist John Nicolaou said the fact fees were going up so much in the private sector reflected poorly on the public school sector.

He said people were voting with their feet and going to the private sector even while fees were rising, which said something about what parents thought of Government schools.

WA Secondary School Executives Association president Rob Nairn said students in Years 8 to 10 could get an education at a State school for a voluntary contribution of $235 a year. Costs were higher in Years 11 and 12 but much less than in private schools.

Source  :   www.thewest.com.au

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Australia doing well on jobs – Rudd

AUSTRALIA is still doing better than other major economies despite a jump in jobless figures, Prime Minister Kevin Rudd says. 

The unemployment rate has risen to 5.7 per cent, after the total number of people in work fell by 1700, official May jobs data showed today.

 “Today we have seen an increase in unemployment to 5.7 per cent, returning to where it was in March this year, although employment remained fairly steady falling by 1700,” he told delegates at an Australian Industry Group lunch in Sydney.

He said the unemployment figures were indicative of how the financial crisis was affecting Australia.

“The global recession is continuing to have a direct impact on the Australian economy and Australian jobs,” Mr Rudd said.

“No one likes to see unemployment rise because of the global recession … (but) Australia’s unemployment rate remains lower than all other major advanced economies except Japan.”

He said the figures would have been far worse had it not been for the government’s stimulus packages.

“`Without our nation building plans, over 200,000 more Australians would be out of work,” he said.

Source www.news.com.au

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WA is fastest growing state with 2.204 million people

WESTERN Australia has the fastest growing population in Australia, according to the latest figures from the Australian Bureau of Statistics.

WA’s population growth rate has hit 3.1 per cent for the year ending December 2008 – well ahead of every other state or territory.   

Next was Queensland, growing at 2.5 per cent, Northern Territory, 2.0 per cent, Victoria, 1.9 per cent, ACT, 1.7 per cent, New South Wales, 1.4 per cent, South Australia, 1.2 , and Tasmania, 1.0 per cent.

WA, along with Queensland, had the highest rate of intra-state migration, with WA attracting 6300 people from other states and territories and Queensland luring 21,200 interstaters.

At December 31, 2008, WA’s population was 2,204,000 — the fourth largest in Australia, with NSW the most populous state (7.04 million), followed by Victoria (5.36 million) and Queensland (4.35 million).

Nationally the population increased by 1.9 percent  from 2007 — the highest growth rate recorded since the 1950s and 1960s, which was boosted by post war migration and high birth rates. 

These rates compare with a 1.2 per cent growth rate recorded five years ago.

At the end of 2008 Australia’s population had swelled by 406,100 people to 21,644,000.

Of the 406,100 new Australians,  62 per cent, or  253,400, were overseas immigrants. The excess of births over deaths contributed 152,700. 

The states losing the most people to interstate migration were New South Wales (down 22,700), South Australia (down 5200) and Victoria (down 1000).

Source www.news.com.au

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Don’t give up on taking your skills to Australia!

Yes, certainly, owing to the Global Financial Crisis (GFC), skilled migration numbers will be slashed in Australia’s budget year of 2009/2010.

The government says this measure has been taken make sure that Australian workers get preference for jobs in a period that threatens higher unemployment. Paradoxically, recent figures indicate that Aussie unemployment has actually diminished.

Still, most gurus are still predicting up to 8% unemployment during the next twelve months. But this does not mean skilled workers and professionals who see Australia as a desirable place to relocate should give up and submit to the tough conditions in their current countries.

While the government has already trimmed the number of skilled workers to be granted visas into Australia next financial year there are still 115,000 of those visas up for grabs. For the time being, occupations in the tourism, clerical and agricultural industries have been removed from the 457 visa program.

Furthermore, a higher level of ability in English language have been set. This measure has been taken to make sure that the 457 program provides the skilled workers that Australia needs most and who readily can be integrated into workplaces.

www.liveinaustralia.com

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What crisis? Tourists still flocking to Australia

Tourists are still flocking to Australia .  The number of overseas visitors to Australia is continuing to rise, despite the economic downturn.

Australian Bureau of Statistics figures show the number of short-term arrivals rose by 0.9 per cent in March, after similar rises in January and February.

Tourists from Malaysia accounted for the biggest increase, while the sharpest drops were in the Japanese and Korean tourist markets.

www.abc.net.au

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