Categories
The Ralan Group

Ralan Group to Wind-Up

Creditors are being asked to vote to wind up the Ralan Group.

Categories
Construction Economy

Dodgy Builder Still Operating

Builder licensing isn’t stopping dodgy operators.

Categories
Water

New NSW Dam Construction

#NSW #DAMs #HeiseSays New South Wales is planning to build its first dam in 37 years. References PM ‘loves premiers who want to build dams’ https://www.canberratimes.com.au/story/6435181/pm-loves-premiers-who-want-to-build-dams/?cs=14264

Categories
Construction Kingston Place

Potential Collapse at Kingston Place

#Construction #KingstonPlace #Collapse #HeiseSays The Government has stepped in to mitigate a potential collapse at Kingston Place in Canberra. References Morris Construction refuses to perform emergency work on Kingston Place apartments https://www.abc.net.au/news/2019-10-11/morris-construction-defies-rectification-order-on-kingston-place/11591372?section=business Morris refuses to address Kingston apartment defects, forcing ACT govt to do work https://www.canberratimes.com.au/story/6431022/morris-refuses-to-fix-kingston-apartment-defects-forcing-act-govt-to-step-in/

Categories
Economy Recession

Consumer Sentiment Plunges

#Business #Recession #Economy #HeiseSays Consumer sentiment hits a four year low. References https://www.westpac.com.au/content/dam/public/wbc/documents/pdf/aw/economics-research/er20191009BullConsumerSentiment.pdf

Categories
Economy Recession

Business Confidence Declines

#Business #Recession #Economy #HeiseSays The latest NAB Business Confidence survey shows another decline in business confidence. References https://business.nab.com.au/nab-monthly-business-survey-september-2019-36962/

Categories
Economy Recession

Media Encouraging Quantitative Easing

#QuantitativeEasing #Recession #Economy #HeiseSays Is the media preparing people for Quantitative Easing? References https://www.abc.net.au/news/2019-10-07/rba-interest-rates-approach-zero-quantitative-easing/11574590?section=business

Categories
Economy

Empty Shelves Signal the Retail Recession

#Retail #Recession #Economy #HeiseSays Empty shelves and failed departments stores signal the growth of the retail recession. For a sector that employed nearly 10% of the Australian workforce, this is a big concern. References Empty shelves as Debenhams’ sole Australian department store prepares for the end https://www.news.com.au/finance/business/retail/empty-shelves-as-debenhams-sole-australian-department-store-prepares-for-the-end/news-story/3d09c7306e83b09b26537b516a0e53f4 Retail Trade http://lmip.gov.au/default.aspx?LMIP/GainInsights/IndustryInformation/RetailTrade

Categories
Construction

Canberra Builder Crack Down

#Canberra #CrackDown #Construction The ACT Government is proposing a new measure to crack down on builders. While some of the measures do sound good, it is much too late for all the buildings built during the last decade. References Canberra builders could face further crackdowns as ACT seeks ‘highest quality buildings in Australia’ https://www.abc.net.au/news/2019-09-04/canberra-builders-responsible-for-defects-could-face-fines/11475970?section=business

Categories
Economy Finance

Stockland’s Profits Drop 70%

#Stockland #Profits #SGP Stockland’s profits are down 70% and they are currently halfway through a $1 billion divestment out of the retail sector. A sign that the retail recession is well underway. References STOCKLAND FY19 RESULT – FOCUS ON SUSTAINABLE RETURNS http://clients3.weblink.com.au/pdf/SGP/02136031.pdf