This report will show an overview of the current state of the Australian economy and its management by the Federal government through examining economic indicators such as economic growth (GDP), unemployment, inflation and trade.
‘The improvement strategy for Surbiton town centre’ was launched in the autumn of 2009. The strategy involved widening a number of roads in the town, building a new access road to the station, having set delivery times for shops so roads didn’t get congested as badly and delivery bays could
Between 2000 and 2016 Australia underwent the most dramatic mining increase because the Victorian gold rush. Investment in the sector, widely defined, quadrupled. The additionally fuelled growth in a huge vary of industries servicing the sector, in particular engineering construction and business services.
Australia’s economic status can be assessed using a range of economic indicators such as unemployment rates, Gross Domestic Product (GDP), inflation rates and interest rates. The economy can affect Australian business’s greatly causing them to flow through the business cycle. The business cycle purpose is to describe the overall trends of the economy and can show growths of high or negative. The four stages in a business cycle are: expansion, this is when the economy has high demands; peak, this is the turning point of the expansions before the economy falls down. A contraction is when the demand for goods and services are low; and trough, is the opposite of a peak. To evaluate Australia’s current economic status factors such as unemployment
A major demographic change impacting Australia is the ageing population, it is expected that this change will accelerate over the coming years. (Corcoranb & Hana, 2014 pp. 2) The process of this begun during the post-war period and has started to impact Australia’s ability to cater to an ageing population. This is a result of the baby boomer generation beginning the transition from their work life into retirement. (Corcoranb & Hana, 2014 pp. 2) The ability to accommodate the ageing population has prompted questions regarding which areas will gain high levels of the ageing population growth and what services need to be provided to sustain this change. Corcoranb’s et al focuses on the spatial distribution in QLD and the impacting factors. The paper discusses reasons as to why ageing Australians may relocate to a new destination; some of these include a change in climate, retirement, deteriorating health and so on. According to Corcoranb et al (2014) a high proportion of ageing Australians move to more coastal regions due to the warmer climates.
This, alongside the extensive metropolitan and rail networks, makes it one of the biggest catchment locations east of Melbourne. With public and private investments flooding into the locale, employment in the area is fantastically healthy. Moreover, investors have planned ahead and created sustainable development in tandem with comprehensive transport links to make Ringwood a destination and not just a hub. With a vibrant economy, eclectic city centre and a passionate community, it is one of the best places to live in the country at the
In Linda Sutton excerpt she stated that urban renewal uprooted families, friendships and the unity felt within the community as well. Hearing testimonies from people who have witnessed the past and present effects of urban renewal was rather upsetting. As well, as it was eye-opening to hear the effects of urban renewal from a personal point of view. I believe their stories have given great insight to resident’s emotions towards urban renewal. In addition, it was informative to hear the true intentions behind urban renewal in class, but hearing the effects as it pertained to actual residents through these excerpts was heartbreaking. Each testimony given expressed some form of pain towards the situation. In conclusion, these testimonies informed
According to the planning consultants of Somersworth, New Hampshire (2010) a new Master Plan has been revised for a vision into 2020 due to significant investment in both the private and public sector. Somersworth is currently undergoing significant change since 2000 and these modifications to the city allow for several social and economic opportunities in the area. Development and redevelopment that has occurred since 2000 has been the relocation of both City Hall and the Police Department, the renovation of an old mill building into residential units and small business offices, an expansion of retail development and medical offices, constructing a connector road from High Street to Route 108, establishing business parks, developing a golf course and a recreational facility, upgrading the wastewater treatment facilities, and lastly, dedicating land acquisition to conservation purposes (Master Plan Update, 2010).
It is said that we are living in turbulent times. The Australia’s once-in-a-century commodity boom has reversed, leading many miners to cut back on investments and consolidate; which is expected to generate great social and economic hardship throughout these years. While more hope is casted into the construction sector, a cooling change blows in the housing market. Unemployment is tipped to rise and when it reaches a record high; consumption will continue to grow at a below-average pace, so business sentiment will remain fragile. Rather than fuelling the economy, the fiscal policy keeps straining it whilst the monetary policy will struggle to have an impact – indicating that the Australian economy is slipping downwards.
Evaluation: Caboolture West. There are two proposals for this area. The first proposal was presented to us by Sunshine Property Developers. They propose to fit the area for 20,000 people. Low to medium level housing, making roads bigger to fit more cars, adding buses to encourage public transport, larger park spaces and personal backyards, 15 small local shops and parkways and bikeways are all listed as important parts of the proposal. No extra facilities will be needed, current ones will be up to date. The second proposal was presented to us by Mc Keown Property Developers. They propose to have high density housing, new trains and station, green corridors and parklands, a town centre with 100 new facilities, a new hospital and school and
The applicant is proposing to rezone the property located on the east side of Veterans Parkway from R-5M to C-3. This would allow general commercial uses including some of the outdoor uses such as contractor office with storage yard. A redesignation of the future land use map from mobile home park designation to general commercial would be consistent with the recommendation for approval of such request.
The Australian economy is reliant on three key sectors: services, housing, and mining. The services sector employs the largest percentages of Australians – around 80 percent – and is responsible for approximately 70 percent of the country’s GDP (Australian Bureau of Statistics, 2010). With jobs in a variety of specific industries, this sector drives the success of the Australian economy. The housing sector is experiencing unprecedented growth leading to concerns over a potential asset bubble. An increase in the amount
The figure obviously had not return to pre-crisis level. Moreover, recent commodity prices had fallen significantly which will affect Australia’s short and long term economy.
The industry is marked by Low revenue volatility and medium regulation level. Although industry globalisation is a critical stage and poses a major threat. However over the last five year the industry has boomed due to increase in consumer expenditure , after the recovery of Australian economy in 2010 the industry has started to positive upturn. The industry is expected to grow at annualized 3.3% to a total of $771.3 million.
There are three major economic factors that have combined contribution to FMG’s growth over the past 5 years, including the strong AUD , the amazing export feature due to the Chinese boom which drives up the commodity price and the interest rate decision by RBA. Australia dollar has appeared strong for the past 5 years and maintained at $6-$6.8 level for AUD/CNY at most time. It promised a high level of foreign income for Australia exporter. In 2009, China demanded almost 60% of the world’s iron ore to produce 47% of world’s steel production. It contributes the most to the price rocket from $31.78 to $180.6 US cents/mts in 5 years time. In addition, Australia borrowing cost remains high over the past few years which may alter the finance decisions of FMG.