InDaily

Tag: investment

  • Negative gearing in focus after tax cut changes

    —

    by

    in

    A major policy shift on income tax cuts has revived debate on scaling back the use of negative gearing on investment properties. With the government’s revised cuts expected to clear parliament, housing tax breaks are shaping up to be the next key battleground for reform. Negative gearing, which allows investors to claim deductions on losses,…

  • Luxury unit market to climb as corporate landlords enter residential market

    —

    by

    in

    Significant changes occurred in the property market this year and some of them were likely to continue in 2024. Conisbee said one of them would be who owned the rental properties as Australian and global institutional owners of property were looking to residential markets as an investment of choice. “Spanning “build to rent”, retirement living,…

  • Sibelco lifts stake in NQ silica project

    —

    by

    in

    Cape Silica is a joint venture company between Sibelco and Diatreme Resources. Sibelco previously had an 11 per cent stake in the company and lifted it to 26.8 per cent ahead of schedule. That stake has cost it $35 million in total and provides a “look through” value of $160 million. Sibelco also now holds…

  • North welcomes a new source of visitors as Virgin locks in Tokyo route

    —

    by

    in

    The flight to Japan, which launched at the end of June with a “Hello Tokyo” sale boasting tickets from as little as $699 return, was first floated in 2019 but scuppered due to the global pandemic. Now Virgin Australia, in partnership with the Queensland Government and Cairns Airport, has added more than 2000 seats per…

  • Adelaide stacks up well globally, but…

    —

    by

    in

    Commissioned by Committee for Adelaide, the recently released report Benchmarking Adelaide provides an analysis of Adelaide’s performance and perceptions. Benchmarked against 20 of the world’s most exciting global cities, including Austin, Bilbao, Bordeaux, Portland and San Diego, Adelaide held its own against tough competition. Adelaide ranked highly for business and investment dynamics, liveability and affordability,…

  • The $120 billion deal maker returns Down Under for PNG project

    —

    by

    in

    Shares in the company were up 15 per cent to 30 cents at midday following the announcement. Sir Mick started Xstrata which was taken over by Glencore a decade ago in a bitterly fought battle which Davis regarded as his biggest regret. He was also in the running for the job of Rio Tinto chair.…

  • Super funds on the up and up but bumpy road ahead

    —

    by

    in

    It said the inflation continued to drive investment markets with most Australian and global equities delivering modest returns while and energy and commodities performed well over July. “We expect returns will remain bumpy over the short term, despite the Reserve Bank taking a wait and see approach in both July and August following indications that…

  • Diatreme deal could lead to PV glass manufacturing

    —

    by

    in

    The Wayne Swan-led Diatreme has signed a memorandum of understanding with Flat for a potential offtake from the company’s north Queensland silica project. The MoU is non-binding, but would allow for the transfer of sensitive information between the two companies. “The MoU also includes Flat examining the potential to site onshore PV glass manufacturing in…

  • ART produces double digit super return despite property unheaval

    —

    by

    in

    ART, which is the result of a merger between SunSuper and QSuper, is among the top funds to have reported so far and QSuper was a major fund for the state’s public servants. But it also warned that volatility could be expected in the markets for the short to medium term. Its 10 per cent…

  • ‘Tremendous outcome’ as super funds soar to finish year in black

    —

    by

    in

    The company said the median growth fund was likely to post a return of about 8.5 per cent, a significant turnaround on the previous year’s loss of 3.3 per cent. “A final result close to that figure would be a tremendous outcome considering the challenging economic backdrop and would easily erase the losses … from…