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Homeowners face finding another $50 a month to pay the mortgage, with the Reserve Bank tipped to lift official interest rates again today as it battles to dampen house prices and keep inflation pressures at bay.

A quarter percentage point rise this afternoon would mean official rates would have climbed 1.25 percentage points since October, adding more than $240 to the monthly repayments on a $300,000 mortgage.

It would be the biggest run of increases in a 12-month period since the Reserve took the official cash rate from 5 per cent to 6.25 per cent between November 1999 and August 2000.

But the decision could be a close call, with signs of softness in the retail and building sectors lifting expectations the Reserve may wait at least another month before moving in the week before Treasurer Wayne Swan hands down the Federal Budget.

At least mortgage holders may be saved from a “super-sized” lift to their repayments, with the NAB yesterday saying it would not increase its rates more than any move in the official cash rate. Its recent policy of matching rate rises had led to more customers.

That prompted Mr Swan to challenge other major banks to follow NAB’s lead.

TD Securities senior strategist Annette Beacher expects the Reserve board to hold rates today.

But Macquarie Bank rate strategist Rory Robertson said the chance of a rate rise was about 80 per cent.

“Interest rates here remain unusually low, our jobs market is strengthening, China and bulk-commodity prices are booming, so, too, local home prices, and the world’s biggest economy increasingly is getting back on its feet,” he said.

A new survey from Dun and Bradstreet of business executives out today shows sales, growth, employment and capital investment expectations all rising. 

Source  :  www.thewest.com.au

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The Broome to Fremantle Ocean Race will be a part of the 7,500 nautical mile Around Australia Race and Rally event.

Bob Williams the CEO of Ocean Events Pty Ltd, the Western Australian company behind the 2011 ‘Around Australia Ocean Race and Rally’ has spent the last few days in Broome, located in the Kimberley Region of Western Australia, and an important stop-over port for both the Around Australia Ocean Race and Rally.

Williams has been meeting with local authorities and business people discussing the event coming to Broome waters in August and September 2011.

‘I couldn’t be more pleased with the reception that I have received in Broome and the enthusiasm for our event. Broome people will make this a memorable stop-over port that everybody associated with both the Race and Rally yachts will thoroughly enjoy.’

Incorporated into the 2011 Around Australia Ocean Race is the Broome to Fremantle Ocean Race. The Perpetual Broome to Fremantle Ocean Race Trophy is designed and manufactured in Broome by the internationally renowned pearl jewellery company Linneys of Broome.

Principal owner of Linneys Mr Bill Reed yesterday gave Bob Williams and Broome Shire President Mr Graeme Campbell the first viewing of of the trophy.

Linneys apprentice Joshua Gower is the proud craftsman of this fine trophy a copy of which will be taken home by the winning skippers of the 2011 Broome to Fremantle Ocean Race.

Originally founded as a pearling port over a hundred years ago, Broome now boasts a multicultural population of many nationalities lured here by the promise of finding their fortunes. Asian, European and Aboriginal cultures have all blended to create a captivatingly friendly and flamboyant personality that is the heart and soul of Broome.

Broome pearls are recognised as the best in the world and pearling remains one of the town’s major industries.

Broome has a permanent population of 15,000 which expands to 40,000 around the time of the Broome Cup Week horse racing carnival (August) attracting visitors from all over Australia and around the world.

The crews of the Around Australia Ocean Race and Rally yachts, shore crew, family, friends, supporters, sponsors, and local and international media people are bound to be captivated by Broome – one of Western Australia’s and Australia’s best loved tourist attractions.

‘Since we opened the doors for Slot Reservations we have been staggered by the responses for both the Race and Rally – still about neck and neck in event preferences at this stage.

Skandia – 2011 Around Australia Ocean Race and Rally for Cruisers  Andrea Francolini ©  

 

‘We’ve heading towards 100 boats now from 100 foot super maxis to Transatlantic racers, from cruising and racing catamarans and many cruising monohulls and the reservations just keep rolling in and we expect that at this rate we will have a total of around 300 reservations.

‘It’s very gratifying to see such interest in the event. It’s plain that the event has such national and international appeal with Event Slot Reservations coming in from South Africa, Europe, the USA, and New Zealand already.

‘Some very significant Australian yacht clubs have chosen to join with us in planning and running this major event and we will be making announcements about that in coming days.

‘Please get your Slot Reservations in as soon as possible, the news is spreading internationally now!!’

Got to www.sailaroundaustralia.com.au to read more and fill in your Slot Reservation now

Source  :  www.sail-world.com

 

 

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The Perth Convention Bureau has secured 88 new business events for Western Australia worth an estimated US$66.6 million to the local economy.

Achieved against the backdrop of the global economic crisis, the US$66.6 million, end-of-financial-year result saw the bureau exceed its 2008/09 delegate expenditure target by US$2 million.

The events, which consist of national and international conferences, corporate meetings, and incentive groups, are expected to attract an estimated 35,500 delegates to Western Australia over the next four years.

Bureau managing director Christine McLean described the result as a “fantastic achievement” in what has been an extremely difficult global economic environment.

“This result demonstrates the resilience of the business events sector and why the state government has committed increased funding to attract high-yield visitors,” Ms. McLean said.

“In the short term, the global economic crisis is impacting on our business with reduced delegate numbers at conferences and fewer corporate reward programs being booked, but the long-term prospects for the business events sector look extremely buoyant.                                                                                                             DOT_Scenery_09_Perth_Australia

“In spite of all the global communication options available these days, people still prefer to meet face to face.”

A string of significant medical conferences contributed to this year’s healthy scorecard of conference bid wins.

Among these include the Royal Australian College of Surgeons Annual Scientific Conference in May 2010 (2,800 delegates); the Australian and New Zealand College of Anaesthetists Annual Scientific Meeting in May 2012 (2,000 delegates); National Alcoholics Anonymous Convention in April 2011 (1,550 delegates); and the 11th National Rural Health Conference in March
2011 (1,200 delegates).

Ms. McLean said that the events will further Perth’s reputation as a leading center of medical research excellence.

“Perth’s reputation for, and expertise in, hosting major medical and science meetings is growing internationally and will help to position Perth over rival international destinations in the future.”

Given that the bureau’s new business events target has increased to US$81 million this year, it will be critical to position Perth and Western Australia front and center in the minds of event decision-makers around the world.

The expansion of the PCB’s Convention Scholarship Program and the creation of the new Business Events Brand for Western Australia are expected to lead to both an increase in opportunities and exposure for the destination.

“The scholarship program, which has already been hugely successful in unearthing local conference hosts and bidding opportunities through partnerships with Perth universities and the city of Perth, will be expanded to run in conjunction with Perth hospitals.

“Since the program’s inception, an estimated US$46.33 million worth of meetings has been generated on disciplines ranging from environment and education to engineering and resources. By including Perth’s top hospitals in the initiative, we aim to further profile the state’s expertise in the areas of medical research and health sciences.

“Add to this the launch of the business events brand for Perth and Western Australia, which we expect will attract unprecedented international and national exposure as a business events destination, and we are in a strong position to achieve our 2009/10 target.”

The bureau has been responsible for marketing Western Australia as a destination for business events since 1972. The business events industry is the highest-yielding sector of the tourism industry, with international delegates spending six times that of the leisure tourist.

Source  :  www.eturbonews.com

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Joondalup Mayor Troy Pickard has welcomed the announcement in Parliament that the Joondalup City will be granted tourism precinct status later this year.hillarys

The announcement was a fantastic result for the City of Joondalup.  Becoming a tourism precinct will allow trading hours similar to those in Fremantle and Perth for local Joondalup businesses.

As a tourism precinct it will allow the City to improve on existing attractions like the award winning Joondalup resort and Hillarys Marina the second most visited tourism venue in WA.

It will create a more exciting City and will encourage and attract a variety of businesses and visitors to the North West region of Perth.

Becoming a tourism precinct will complement the large number of events, concerts and festivals held in Joondalup City and will help assist Joondalup to become an even more vibrant and bustling place to visit.

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The Rudd Government’s partnership with business and community leaders to Keep Australia Working has secured more than 1000 jobs in its first week, Minister for Employment Participation, Senator Mark Arbib, announced today.

Senator Arbib today joined Local Jobs Champions Bill Kelty and Lindsay Fox at the third Keep Australia Working Forum at Casula, where he announced 240 jobs in Canterbury Bankstown and South Western Sydney Employment Priority Area.

The Australian Government is providing $3.7 million from the $650 million Jobs Fund for three Western Sydney Projects.

The 240 jobs in Western Sydney bring to more than 500 the positions funded through the Jobs Fund and come on top of the 250 jobs in South Eastern Melbourne and 23 jobs in Northern Tasmania announced at jobs forums earlier this week.

The private sector is also playing a significant role in boosting employment with Lindsay Fox announcing this week he would employ an extra 450 staff over the next two years at Linfox and Woolworths announcing 60 jobs for its new logistics centre in Launceston.

“The Rudd Government is doing everything possible to keep Australians working,” Senator Arbib said. 

“This week by working together – the Government and industry – we’ve managed to create or protect more than 1000 jobs.

“Not every week will be as successful as this week in keeping people in work. There will be ups and downs, because the global recession is far from over.

“But this week has shown what can be achieved by working together.”

Parliamentary Secretary for Employment Jason Clare said community leaders, business representatives and job service providers would today join Government to develop a regional employment strategy for Canterbury Bankstown and South Western Sydney.

“The Keep Australia Working forums allow the community to maximise the benefits of the Government’s Economic Stimulus Plan and Jobs Fund and develop localised responses to the impact of the global recession.

“We want to find job opportunities for local businesses and workers, particularly in areas like Western Sydney where unemployment is a growing problem.”

Mr Clare said Local Jobs Champions, Lindsay Fox and Bill Kelty, would bring their considerable experience and wisdom to the table.

“The Local Jobs Champions will help forum participants identify local skill and labour needs and develop directions for the future,” Mr Clare said.

“It’s great to have Lindsay Fox and Bill Kelty on board. Few people understand the Australian economy better than these blokes, they’ve been through it before. They’re travelling with us around the country helping areas hit hardest by the global recession.”

Today’s forum is the third in a series being rolled out in employment priority areas across Australia as recommended in the Keep Australia Working interim report presented last week to Deputy Prime Minister Gillard by Senator Arbib and Mr Clare.

There are now 20 employment priority areas around the country:

  • Canterbury Bankstown and South Western Sydney (New South Wales)
  • Illawarra (New South Wales)
  • Richmond Tweed and Clarence Valley (New South Wales)
  • Mid North Coast (New South Wales)
  • Sydney West and Blue Mountains (New South Wales)
  • Central Coast Hunter (New South Wales)
  • South Eastern Melbourne (Victoria)
  • North Western Melbourne (Victoria)
  • Ballarat Bendigo (Central Victoria)
  • North Eastern Victoria
  • Ipswich Logan (Queensland)
  • Cairns (Queensland)
  • Townsville Thuringowa (Queensland)
  • Caboolture Sunshine Coast (Queensland)
  • Southern Wide Bay Burnett (Queensland)
  • Bundaberg Hervey Bay (Queensland)
  • Northern and Western Adelaide (South Australia)
  • Port Augusta Whyalla Port Pirie (South Australia)
  • South West Perth (Western Australia)
  • North West/Northern Tasmania.

For more information on Keep Australia Working, visit http://www.deewr.gov.au/Employment/KeepAustraliaWorking/Pages/home.aspx

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JobSearch is Australia’s largest free online jobs website.

 It is funded and operated by the Australian Government as a free service to assist job seekers into employment and connect employers with quality staff.

Job Services Australia providers and public employers upload their job vacancies to JobSearch and search for potentially suitable staff.

Job seekers can search for jobs via the map on the homepage by choosing their state, local area and occupation category. The advanced search function includes more detail in searching criteria.

Everyone is welcome to use JobSearch to search for vacancies. It’s free to register and take advantage of the complete range of services.

Vacancies displayed on JobSearch come from many different sources, including:                                                                   

  • public employers
  • Job Services Australia providers
  • newspapers
  • the Australian Public Service
  • the Australian Defence Force
  • the Harvest Trail.

For job seekers

JobSearch has a range of features to help you search for a job, including:

  • free registration for all Australians seeking work
  • jobs across all industries and regions of Australia
  • your own personal page, where you can create a job match profile, upload your resume and use our instant job list to find jobs based on your skills and experience
  • links to employment assistance and information for all job seekers.

For employers

JobSearch has a number of features to help you find the right person for your job, including:

  • the ability to search for staff based on criteria in your advertisement using our find staff feature
  • high visibility of your jobs – with around 1 million people visiting JobSearch each month
  • a secure personal page to manage your advertised jobs or view past jobs
  • phone help from the Employer Hotline 13 17 15 to advertise new jobs or check the status of your existing jobs.
  • http://jobsearch.gov.au

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Morley is set to get a revamp – with the $50 million Coventry Square development now out for public comment.                                      

“This is a great step forward for us,” said Greg Poland, the principal of The Strzelecki Group development company that plans to build the project.

“Once the six-week public consultation period has finished we can then start transforming the old Coventry’s warehouse into the ultimate tourist and shopping precinct.”

As well as being built in the heart of Morley – beside the Centro Galleria shopping mall – Coventry Square will be a major part of the new town centre for the City of Bayswater.

If approved, the development will house more than 200 specialty stores, selling everything from fashion, to local arts and crafts.

Mr Poland said the development would include restaurants, cafes, a microbrewery and a fresh food section dedicated to organic produce.

“At a time when the economy is slowing down, Coventry Square will be a real shot in the arm for Morley and the City of Bayswater by creating hundreds of new small businesses and jobs for about 1000 people,” he said.

The Strzelecki Group hopes to open Coventry Square in April next year.

Source  :   www.watoday.com.au

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