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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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The Reserve Bank has raised its key interest rate, making Australia the first developed nation to reverse the cycle of cuts triggered by the global financial crisis. Analysts say more increases are on the way.

Today’s 25-basis-point rise pushes the central bank’s cash rate to 3.25 per cent in a move that will add $40 to the average monthly payment for a typical $300,000 mortgage if it is passed on by commercial banks. The extra cost may stretch household budgets at a time when unemployment remains on the rise.

All four of the big banks – Commonwealth Bank, Westpac, National Australia Bank and ANZ – said they have placed their variable interest rates under review.

Source  :  www.watoday.com.au

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IMMIGRATION officials are preparing a 50-year migration plan to ensure that intakes consider a range of long-term issues such as climate change, water needs and national security.

The Secretary of the Department of Immigration and Citizenship, Andrew Metcalfe, said yesterday the department was conducting a review of the nation’s migration needs to ensure a more rounded and visionary approach.

”In terms of the future, we are trying to lift ourselves away from year-to-year decisions to a 50-year vision,” he told the Australian and New Zealand School of Government conference in Canberra.

”We are trying to move away from an immigration department that is responsive to one that can help the government achieve long-term objectives … A long-term planning framework … is something whose time has come.”

Mr Metcalfe said a well-planned skilled migration program could contribute to Australia’s long-term economic, demographic and environmental goals.

”We want to ensure our skilled migration programs are responding to longer-term skill needs which cannot be addressed through domestic training and skills development,” he said.

”The question then is how we can best address shorter-term labour market requirements … It will be important that the skilled migrants we choose are not only young and healthy but also have a high level of education, language proficiency and other skills. This will ensure that skilled migration contributes both to labour force growth and to the productivity of our labour force.”

Mr Metcalfe said the review will include an examination of the points system used to select skilled migrants, known as the Migration Occupations in Demand List.

”The MODL is not as flexible as we would like to address a rapidly changing and uncertain global environment. In my view, one of themes of this century will be the increased mobility of people around the globe, and we need to manage this adroitly.”

But the Government has denied it has adopted a new policy towards asylum seekers in the wake of a decision this week to process a group of 10 Afghan children on the mainland rather than on Christmas Island.

”These are 10 unaccompanied minors and therefore what’s happened is that they’ve been transferred from Christmas Island to the mainland on September 2,” he said

Asked whether there had been a change of policy, the Prime Minister, Kevin Rudd, said: ”Absolutely not.”

He told 3AW yesterday the group of 10 children had been transferred to the mainland because unaccompanied minors were given priority in processing.

”That’s what’s happening in the case of these minors,” he said. ”That’s why they’re treated separately.”

Source  :  www.smh.com.au

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

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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Days after a public rant aimed at Tracy Grimshaw, celebrity chef Gordon Ramsay has fired a second volley branding the TV presenter “sad”ramsay and “bitter” for defending herself.

Ramsay denied calling the Nine Network veteran a lesbian at a weekend appearance at Melbourne’s Good Food and Wine Show during which he also allegedly compared her to a pig, using an offensive photo as a prop.

Ramsay on Tuesday said he was “deeply mortified” that his intended joke had been blown out of proportion – and that was before Prime Minister Kevin Rudd said the chef’s comments reflected a “new form of low life”.

Mr Rudd’s deputy Julia Gillard and Health Minister Nicola Roxon joined the fray, saying Ramsay should confine himself to the kitchen and stop abusing women.

But there was no remorse from the TV chef after Grimshaw used her A Current Affair program on Monday to take him to task over his food show rant.

Ramsay on Tuesday said he’d never used the word “lesbian” to describe Grimshaw, and said she herself was guilty of a “disgusting” attack on his wife Tana, who’s due in Australia in two weeks.

“She’s obviously doing it for the ratings,” he said of Grimshaw, speaking to reporters after a run along Melbourne’s Yarra River.

On Monday, Grimshaw branded Ramsay a bully and an “arrogant narcissist”. She said he’d made “uninformed insinuations” at the food show about her sexuality, and she told her viewers she was not gay.

Grimshaw said that before a recent interview for her program, Ramsay had insisted she refrain from asking about his private life following allegations of a long-running extra-marital affair.

“We all know why,” she said.

She added: “… I’m not surprised by any of this. We’ve all seen how Gordon Ramsay treats his wife – and he supposedly loves her. We’re all just fodder to him.”

Asked if he could understand how Grimshaw felt, Ramsay told reporters: “I never once said the word lesbian, I was having a tongue-in-cheek joke – it was not at her expense.

“For me on a personal front, to see how sad and how bitter for someone to come out like that, for a renowned pro to come out and stoop that low, is disgusting.”

He said tapes of the alleged incident were being scrutinised by his lawyers.

Mr Rudd was firmly in Grimshaw’s corner on Tuesday, congratulating her for giving Ramsay a “left uppercut” in her reply.

“I think I can describe his remarks as reflecting a new form of low life,” he told the Fairfax Radio Network.

“I just drew breath when I saw the sort of stuff which was said about her. I just think that’s off and offensive.”

Earlier, Ms Gillard said the celebrity chef should stay in the kitchen.

“I think perhaps what he should do is confine himself to the kitchen and make nice things for people to eat rather than make public comments about others,” she said.

Health Minister Nicola Roxon said there was no need for “women to be abused in our community at any level”.

Grimshaw said she had been overwhelmed by the avalanche of support she’d received.

The fallout from Ramsay’s rant has gone global, spreading to his homeland Britain and to the US and New Zealand.

Britain’s The Mirror sent up Ramsay in a report headlined: “Good thing Gordon Ramsay is such a sex god.”

“Gordon is such a handsome devil, a veritable sex god come to Earth to live among men, you can understand why he might feel that mere mortals are unworthy of his presence,” the report said.

The Mail Online carried a report about the outburst and the angry reaction it had generated among audience members and women’s groups.

US celebrity watcher Perez Hilton said Ramsay had gone too far with his “sexist, homophobic remarks”.

Source www.ninemsn.com.au

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If interested in attending these seminars please Email : info@immagine-immigration.com  

IMMagine Australia is an Australian based Immigration Consultancy that specialise in immigration to Australia. We will be holding a number of Australia Immigration Seminars and consultations in South Africa and Singapore for those people interested in Australia immigration / emigrating to Australia.

The Australian Immigration Seminars include information about:                                                                                         australia_kangaroo
Australia’s immigration policy and any recent changes;
the Australia immigration process;
the impact of moving to Australia;
finding a job in Australia;
Australia’s cost of living, taxation, salaries, the education system and;
what Australia has to offer those interested in emigration.
We will also discuss the global economic environment and how it might impact on your immigration plans.

We are specifically interested in those people with Degrees, Trade Qualifications, National Diplomas, business people, the self employed and those with family in Australia.

We are specifically interested in those people with Degrees, Trade Qualifications, National Diplomas, business people, the self employed and those with family in Australia.

Please select a country below to view full seminar details and reserve a place:

South African Immigration Seminars
Register for a seminar today!

Cape Town – Wednesday 13 May 09 at 7.00 p.m.
Durban – Monday 18 May 09 at 7.00 p.m.
Johannesburg – Thursday 4 June 09 at 7.00 p.m

Singapore – Saturday 6 June 09 at 12.30 p.m

Singapore Immigration Seminars
Email : info@immagine-immigration.com

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