Aus owned Ansell sells condom division to Chinese consortium for $800 million

After 112-years of Australian ownership Ansell will sell its condom business to a Chinese consortium for $800 million. Ansell says the time is right to exit the fluctuating sexual wellness market and focus on rubber gloves. Ansell’s history dates back to 1905, when Eric Norman Ansell bought a condom machine from his employer, the Dunlop…

Foreign investment jumps 29 per cent to $248 billion last year

Victoria has emerged as the focus for overseas buyers of Australian homes, attracting 44 per cent of residential purchases by foreign investors last financial year. NSW, with 32 per cent of residential home purchases, was the second most popular state for an inflow of foreign property investment, according to the Foreign Investment Review Board’s 2015-16…

AusPost sells historic Sydney GPO to Singapore Giant Far East 

Singapore’s giant Far East Organization has swooped on the freehold of the historic Sydney GPO with a deal in train that will see the company own the bulk of the complex in a $150 million purchase. The group, which already owns a portion of the Sydney landmark, is buying the historic post office space and…

Chinese to build new $1bn City between Brisbane and the Gold Coast

Chinese hands have snatched up sprawling sugar cane fields on the northern tip of Queensland’s Gold Coast with the intentions of turning the rural landscape into a new city.Songcheng Performance Development, owned by a Chinese theme park entrepreneur, is the company striking a deal to develop the Norwell Valley, which is located smack bang between…

Australia sells off farm to feed the world

There are seven billion people on earth, up from two billion at the time of Federation. By the end of the 21st century there is expected to be more than 11 billion. That means an extra four billion mouths to feed. Surely the greatest issue in the 21st century will be food and food production….

Cheese price war: Discount battle hits dairy farmers

A NEW front has opened up in the dairy discounting war, with supermarkets selling tasty cheese for $6 a kilogram, equivalent to 60 cents a litre for each of the 10 litres that goes into its production.While dairy farmers have railed against $1-a-litre milk sales, the latest battle is dragging local cheese suppliers into a…

Murray Goulburn pricing ends four generation Dubbo dairy 

A Dubbo dairy family with four generations of involvement in the industry is the latest casualty of the Murray Goulburn pricing controversy. Kylie and Peter Squires are selling all their Holstein Friesian cattle and their Buckhobble stud, near Geurie, east of Dubbo in western New South Wales. “In the past five to six months we…

Chinese to build $1bn city on QLD coast 

Vast sugar cane lands on the northern tip of the Gold Coast have fallen into Chinese hands in a $1 billion-plus deal that could see the rural landscape transformed into a new city by a Chinese theme park entrepreneur. Chinese company Songcheng Performance Development is striking the deal to give it control over a giant…

There are 200,000 empty homes in Sydney thanks to foreign ownership 

Sydney’s ghost homes: How 200,000 homes sit VACANT in Australia’s most expensive city – because foreign investors buy them and leave them to gather dust There are 200,000 homes on prime Sydney real estate sitting empty because foreign investors have bought them with no intention of living in them or renting them out, a leading…

Aussies accepting farm sales to China,   claims Australia-China Relations 

Australians are not as opposed to Chinese investors buying local farms and agricultural assets as often claimed, the Australia-China Relations Institute said. Institute deputy director James Laurenceson said a survey by the group showed the Australian public was more nuanced and sophisticated about the benefits and disadvantages of greater foreign investment in agriculture by Chinese…

After Midnight, warhorse legend breeds on

There are soldiers, there are horses­, and then there are heroes. In some families, you find all three. Like Guy Haydon of Bloomfield in the upper Hunter Valley in NSW, his young brother Barney and their war horses. Their story has not been widely told but when the brothers, whose forebears arrived in NSW in…