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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British backpacker Jamie Neale: ‘I’m telling the truth’

British backpacker Jamie Neale has revealed he thought he would die in the Australian bush where he was lost for 12 days, and had written goodbye letters to his family.

In his first interview since he miraculously survived almost two weeks lost amid freezing temperatures in Sydney’s Blue Mountains, the 19-year-old from north London, who was found by bushwalkers last Wednesday, also denied his story was a hoax.

“I was thinking I might die on that mountain,” he told the 60 Minutes current affairs television program in Australia in an interview for which he was paid an estimated $200,000 (£100,000).

“I had actually written some goodbye notes and things to my family saying, my last walk, saying sorry, explaining how I’d got lost and different things like that.

“I’m not a particularly religious person but I started thinking about God and I was praying and saying, ‘Surely you can move a helicopter an inch and find me,’ and ‘Why won’t you just help me?’”

Mr Neale returned to the location of his near-fatal bushwalk with the television crew after being released from hospital in Katoomba on Friday.

He posed for photos at the Narrow Neck Plateau near Katoomba where he had been discovered last Wednesday by bushwalkers, and was then flown over the Blue Mountains by helicopter.

He said he had lost the notepad with his goodbye letters, and his digital camera, while trying to get out of the dense bushland.

His incredible tale of survival – where he endured 12 nights in freezing temperatures, eating kangaroo berries and geebung weed, and drinking from local streams – has attracted many sceptics questioning the veracity of his story.

However Mr Neale remains adamant that he became lost after getting disorientated by the sun, and dismissed talk his disappearance was a hoax or a stunt to make money.

“I know what happened, and I know the people who were out searching for me,” he said in the interview, which was set to air in Australia on Sunday night and will be broadcast in the UK on Sky.

“They know that it happened and that’s good enough for me. People can say what they want because I’m not lying. It’s the truth.”

Mr Neale and his father Richard Cass hosted drinks in Katoomba on Friday night for some of the scores of volunteers who searched the rugged bushland looking for the lost backpacker.

Mr Cass, who had flown to Australia from the family home in London to help search for his son, returned to England on Saturday.

Mr Neale will now travel by train to Perth to stay with relatives as he cannot fly for eight weeks due to air bubbles on his lungs.

Source  :  www.timesonline.co.uk

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How to become a £10 Pom with a working holiday visa

Get your visa, get registered and get in line for once-in-a-generation fares.                                                                           

To be in with a chance to become a £10 Pom you need to follow these simple steps and you’ll soon be on your way.

1. Get yourself a Working Holiday Visa
The £10 Pom fares are intended for people who are serious about having one hell of an adventure on a working holiday in Australia, so you will need to have a Working Holiday Visa to be eligible. You can apply for a visa at any of STA Travel’s 44 branches, or click here to buy it online.
Eligibility: You must be a UK passport holder aged between 18 and 30 years old inclusive.

A working holiday visa allows you to live and work in Australia for a period of 12 months. You can work for one employer for a maximum of 6 months, so it gives you time to travel around Australia topping up your funds as you go.

There are all sorts of jobs available so you will definitely find something to suit you. Click here to see what kind of roles are on offer right now.

To make it even easier for you to get your working holiday visa sorted in time we’ll also be sending our Mobile Visa Van around the country throughout July. Click here for schedule and pics!

2. Register online
It’s not essential to register online, but we suggest that you do. It means that you’ll be eligible for one of the 5 extra ‘golden tickets’ to be drawn once the first 145 £10 fares are sold out.
Click here to register now.

You’ll also get some exclusive gifts when you book with us on the 5th August whilst stocks last. Be first in the queue to get your hands on the newly released Rough Guide worth £16.99! 
Click here for more info on the exclusive gifts.
 
3. Get to one of our selected promotional branches by 8am on Wednesday 5th August.
There will be eight special STA Travel branches around the country selling the £10 fares on the day. They will be the only branches where you can get them and once they’re gone, they’re gone. So line up, camp out, rent a flat next-door … do whatever it takes to make sure you get there before they are sold out.

The branches are:

Belfast, 92/94 Botanic Avenue BT7 1JR
Birmingham High St, 222-224 Corporation Street B4 6QB
Bristol, 43 Queens Road BS8 1QQ
Glasgow, 122 George Street G1 1RF
Leeds, 88 Vicar Lane LS1 7JH
London Victoria, 52 Grosvenor Gardens SW1W 0AG
Manchester, Albert Square 86 Cross Street M2 4LA
Southampton, 6-8 Civic Centre Road SO14 7FL

Source  :  www.statravel.co.uk

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New citizenship test

There are a number of changes being made to the citizenship test. The key changes are:                                                                                                   

• the test questions will be rewritten in plain English
• the test will not contain any mandatory questions
• the current pass mark will increase from 60 per cent to 75 per cent
• the test will be based on the Pledge of Commitment that new Australians make when becoming citizens.

The new citizenship test is planned to begin in late September 2009. The revised citizenship test resource book, which will contain all the information needed to prepare for the test, will be available from late August 2009.

You will be able to sit the new citizenship test in the same locations as with the current test including all 13 department offices, 30 Medicare offices and 4 Centrelink offices across Australia.

Will the new test be easier?

No. The test will continue to assess whether clients have an adequate knowledge of Australia and of the responsibilities and privileges of citizenship and possess a basic level of English.

Will the test only be in English?

Yes. The government is committed to the citizenship test being delivered in plain English.

If I have already passed a test will I have to sit another one if there are any changes?

No. You will not have to sit another test if you have already passed a test.

Can I make a booking to sit the new test now?

No. Appointments for the new test will not be available until the revised resource book is released in late August 2009.

Can I get a copy of the new test questions?

No. As with the current test questions, the new test questions will be confidential. However, practice questions will be available in the revised resource book and on this website.

Will assistance to complete the test still be available?

Yes. If you have difficulty reading or are unable to operate a computer you will be able to request help from a Department of Immigration and Citizenship (DIAC) officer during a standard 45 minute test. The department officer will be able to assist you by reading aloud the test questions and answers or by operating the computer. Please ensure you request assistance at the time you make your test booking.

Source  :  http://www.citizenship.gov.au/test/changes/

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Perth waterfront plans unveiled

The Government has released its scaled-down idea of what it wants the Perth waterfront to look like – but it’s after the same effect as at some of Australia’s best-known sites.

Premier Colin Barnett yesterday unveiled proposals radically different from those suggested by his Labor predecessor Alan Carpenter.

 The plans include a mix of civic, commercial, residential, retail, education and cultural areas.                 

Premier Colin Barnett yesterday unveiled proposals radically different from those suggested by his Labor predecessor Alan Carpenter.the foreshore, similar to those in Sydney’s Darling Harbour and Circular Quay and Melbourne’s Southbank,” Mr Barnett said.

Unlike Mr Carpenter, who committed the Government to fully-funding his vision, Mr Barnett wants a mixture of public and private capital.

Mr Barnett said the new plans aimed to feature world-class architecture “without being over the top”.

“Western Australians have been shown many plans for the foreshore over many years and nothing has actually happened,” he said.

“The Government does not want to impose yet another grand vision on the WA community. This is a more modest concept that shows a ground-scale depiction of what could be developed.”

Mr Barnett said his plans provided for greater public access, while the previous government wanted to develop “monuments” that blocked off the river from the public.

“It would have been an enclave for the wealthy and businesses.”

Work on the project was expected to start within 18 months.

Source  :  www.watoday.com.au

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Australia is still open for business

Despite the current financial troubles plaguing the world, the Australian government continues to welcome business migrants who want to move to Australia to establish and operate a new business or purchase and operate an existing business.Migration opportunities also exist for people who wish to invest in Government bonds. Australia’s states and territories are competing in a bid to sponsor business people from around the world in an effort to attract investment and suitable migrants to their cities and towns. At the same time the Australian government has been at pains to stress the importance it places on small business in Australia and has rewarded the sector with significant tax relief. On March 28 2009, the Australian government announced more than AUD720 million (SLR 23 billion) of cash-flow relief and further initiatives to support small business are expected in the May budget. Although the business world has been pessimistic about the impact of the global financial crisis, Australia has been better positioned than most countries to weather the storm. A survey conducted by the Small Business Development Corporation of small business sentiment in Western Australia has found that “there is more optimism within the small business sector than media reports would have us believe”, SBDC Managing Director Mr Stephen Moir said when the survey was released. This may make it a good time for potential business migrants to consider a move to Australia. Many business people from around the world have already taken advantage of the opportunities offered under Australia’s business migration programme. A total of 6565 business visas were granted in 2008, a 12.5% increase on the 2007 figure. This is about equal to the number of business visas that can be granted before July 2009 under the recently announced cap. New business visa applications are still being accepted and processed as normal and no limits have been announced for 2010. It is not clear what effect the global downturn will have on demand for these visas and whether the caps for 2009 will have an effect on processing times in the future. There would appear to be little reason for the Australian Government to place significant limits on the number of business visas in the future – business migrants create job opportunities in Australia rather than reduce them. Historically the Australian business visa programme has attracted mostly small to medium business people who are seeking better opportunities for themselves and their families in Australia. In recent years the program has attracted many applicants from countries such as the PRC, Indonesia and South Africa where there has been some political or economic instability and concern for the future. Australia’s business visa program is targeted at small business owners and senior managers who have a proven track-record of successful business in their country and who have accumulated wealth through their entrepreneurship, which can be invested in Australia. Successful business applicants need to show that their business has recorded sales of more than AUD$300,000 (LSR 27,000,000) in at least two of the past four fiscal years or that they are a senior manager in a significant business, and that they have at least AUD$250,000 (LSR 22,000,000) in personal and business assets which they are willing and able to transfer to Australia. Business migrants who are over 45 or who do not have a good command of English must be sponsored by a state or territory of Australia. Despite the global downturn, there are good business opportunities in Australia in many sectors and Australia remains very much open for business. In order to encourage business migrants to establish themselves in their area, some Australian states and territories, including Western Australia, offer incentives and assistance packages to qualifying new migrants and small business owners. Many states and territories offer discounted education for children of business migrants. A successful business visa applicant will first be granted a temporary visa for four years within which time they must relocate themselves and their families to Australia and establish their business in the sponsoring state. Provided the relevant requirements are satisfied during this time, the person can apply for a permanent visa allowing them and their family to remain in Australia indefinitely. After a time, business visa holder can apply for Australian Citizenship should they want Australian nationality. If you are thinking about migrating to Australia, the time might be now! Source  :  www.sundaytimes.lk

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Superannuation on the rebound

SUPERANNUATION balances have recovered about $70 billion in the past few months as the share market continues to gain ground.     

The average growth fund is believed to have jumped another 1 per cent in May, adding $10 billion to balances.

This takes the recovery since February to about 7 per cent, or $70 billion.

According to independent research house Chant West, despite recent improvement, the average growth fund is still forecast to lose 13 per cent for the financial year.

Chant West investment research analyst Mano Mohankumar said yesterday results were still being held back by the share market and an continuing fall in unlisted assets, expected to show up to a 25 per cent loss for the year to June.

A separate survey released yesterday showed the downturn has put retirement plans of hundreds of thousands of Australians in doubt

Every second retiree or soon-to-be retiree had lost up to $50,000 in the past year from retirement savings or investment portfolios. About one in three had lost up to $100,000, it said.

The Bankwest survey, Retiring in the Downturn, said retirement plans of 74 per cent of older Australians had been disrupted.

“While younger Australians have years to recover, many retirees have little chance to recover lost wealth,” Bankwest’s Ian Corfield said.

Source  :   www.news.com.au

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Housing Development on the Banks of the Moore River

Finally after a decade of trying to get plans to develop on the banks of the Moore River, they have been given the go ahead to build 2000 new homes. 

Planning Minister John Day told parliament Cabinet had approved a smaller development that is allowing a population of up to 6000 people.

Original plans have been cut by 60 per cent which would have allowed a population of around 15000 people.

Marcus Plunkett the developer has said ” this will ensure that the shire of Gingin will have a major residential and tourism development which will bring much needed infrastructure to the area.”

This development will still need to put forward plans for approval, a revised plan is expected to be released for public comment.

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Australia stocks close at seven-month high

The Australian share market closed at its highest level in nearly seven months as better-than-expected local and overseas economic data heartened investors and boosted resources stocks.

At the 1615 AEST close, the benchmark SP/ASX200 index had lifted 60.9 points, or 1.56 per cent, to 3955.3, while the broader All Ordinaries index advanced 61.7 points, or 1.59 per cent, to 3949.6 points.

The last time the local market had closed at those levels was in mid-November 2008.

The local bourse rose as a narrowing current account deficit and improving trade position raised expectations that the Australian economy had managed to avoid a contraction in the March quarter.

Building approvals rose for the third consecutive month as low interest rates and grants from the federal government enticed home buyers.

Resources stocks have been lifted by data released by China on Monday showing that China’s manufacturing activity had expanded in May for the third consecutive month.

In the US overnight, better-than-expected readings on manufacturing, consumer spending and construction spending boosted Wall Street.

The Reserve Bank of Australia, which kept interest rates unchanged on Tuesday, also said there was evidence the global

economy was stabilising and the turnaround was clearest in China.                                                                                                                            

City Index markets strategist Alex Douglas said the positive data releases over the last few days were driving the market.

‘If we go back to yesterday, there was positive data from China.

‘That was backed up with some manufacturing data in the States overnight which was slightly firmer than anticipated,’ Mr Douglas said.

Locally, the building approvals figures were also positive.

‘So little bits of evidence like that of growth emerging – that’s helping to support the markets,’ Mr Douglas said.

In the resources sector, global miner BHP Billiton gained 96 cents to $36.70.

Rio Tinto jumped $2.67 to $69.00 after the company announced it had settled terms of iron ore contracts with many Asian customers.

Oil and gas producer Woodside Petroleum rose 88 cents to $44.90 as it said it planned to retain at least 50 per cent equity in the second and third stages of its Pluto liquefied natural gas (LNG) development at Karratha in Western Australia.

Santos firmed five cents to $14.90.

Among the major banks, Commonwealth Bank strengthened 17 cents to $36.33, Westpac surrendered 18 cents to $18.76, ANZ gave away 21 cents to $15.98, and National Australia Bank gained 28 cents to $22.80.

Investment bank Macquarie Group was up 91 cents at $36.30 as it said it was not aware of any reason or information not already announced that could have prompted a lift in its share price since late last week.

On Wall Street overnight, the Dow Jones Industrial Average index rose 221.11, or 2.6 per cent, to 8,721.44.

In the gold sector, Lihir slipped one cent to $3.30, Newmont lost 24 cents to $6.00, and Newcrest picked up 15 cents to $33.89.

The price of gold in Sydney at 1628 AEST was $US973.85 per fine ounce, down $US10.25 on Monday’s close of $US984.10.

Telco Telstra was off two cents at $3.07, and Optus-owner Singapore Telecommunications shed six cents to $2.50.

Retailer Woolworths ascended 60 cents to $26.00, and Wesfarmers, which owns Coles, was $1.09 heavier at $23.37.

In the media sector, News Corp was 25 cents richer at $14.68, and its non-voting stock improved 20 cents to $12.75.

Consolidated Media lifted three cents to $2.38, and Fairfax gained six cents to $1.26.

Among other stocks, automotive brakes supplier Pacifica Group was steady at 13.5 cents after it said the bankruptcy of car-making giant General Motors Corp in the United States was likely to hurt Pacifica’s earnings in 2009.

The top-traded stock by volume was property developer GPT group, with 74.74 million shares worth $36.4 million changing hands.

GPT was 1.5 cents lower at 48 cents.

Preliminary national turnover was 2.43 billion shares worth $5.85 billion, with 657 stocks up, 412 down and 324 unchanged.

Source www.bigpondnews.com

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Look out Outlook, Google’s Wave is coming to swamp you

A team of Google engineers from Australia has unveiled a prototype replacement for standard email that abandons the reliance on the chronological sorting and stacking of messages which has been the hallmark of one of the internet’s first and still most popular applications.

Christened Google Wave, the new feature was given its first public viewing in San Francisco earlier this morning Australian time at Google’s annual developers’ conference.

“I think you will see a form of interaction that you would not have previously imagined,” Google co-found Sergey Brin told a post-launch press conference.

Wave – which began life as a project codenamed Walkabout – is a combination of email and instant messaging and document-, maps- image- and video-sharing all housed under one roof.

Much like a conference call, it also allows for conversations between more than two people to happen simultaneous.

And because it all happens inside a web browser, there is no special software to download or plug-in – which means it can be used from any computer or internet-enabled mobile phone.

“Our communication space is very fragmented today. We have a million different tools for different things with lots of different kinds of overlaps,” said Lars Rassmussen, a senior software engineer with Google Australia

“The most natural way to try and solve that problem is to take all those different tools and try to make them smaller and fit into a single package and maybe integrate them across the boundaries.”

Wave is being released so that the developers – independent software creators – can help iron out the remaining bugs and cook-up a swag of new uses for the service and the platform upon which it is based ahead of a public release later this year.

But Wave is more than just another of Google’s ubiquitous free web services. It’s also a protocol – meaning that it is going after email’s mantle as the predominant internet communications tool.

And despite the recent growth of web-based email services like Hotmail and Gmail, most of the world’s email runs through Microsoft’s Outlook client.

And to encourage organisations to catch the Wave, Google is offering it up as an open source protocol, meaning that anyone – even a competitor – can box it up and host it on their servers.

Wave is the creation of Danish brothers Lars and Jens Rasmussen, who together with Australian Noel Gordon and Stephen Ma – founded and later sold what became known as Google Maps to Google for an undisclosed sum in 2005.

Lars has worked for Google and lived in Australia since the sale and enticed Jens to leave Google’s headquarters near join him in 2007.

The pair and the Wave team – who have been given the full backing of Google co-founders Sergey Brin and Larry Page – have been working on the project out of Google’s offices in Sydney.

Stephen Hutcheon is attending the San Francisco conference as a guest of Google.

Source: www.watoday.com.au

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