Top 5: Finance & property quotes week commencing December 29

By the resi financial blog team, 05 January 2015

Sydney and New York predicted to be only luxury real estate growth markets in 2015.

The New Year is off to a good start and government and businesses across the country are gearing up to improve their financial performance in 2015. Improving trade partnerships and local infrastructure are just some of the ways in which the year will see increased investment and productivity.

#1. The national mint has officially released the first coin for 2015. The uncirculated coins commemorate 100 years since the Gallipoli Campaign and the role of the ANZAC soldiers there. These are sure to be of value to both historians and investors alike. Some of the gold coins released cost $300, while silver coins go for $50 and are likely to be held by families for generations. Other coins are available, and one in particular is only available by visiting the mint in Canberra.

"We are proud to continue to craft coins which share the stories of Australians in war, conflict and peacekeeping, through treasures which will be cherished and handed down for generations to come." said Mint CEO Ross MacDiarmid.

#2. If you're planning on spending some time on the water in Queensland this year, increased spending on maritime infrastructure could be of more than economic interest to you. The Queensland government's $50 million Marine Infrastructure Fund has been operating since 2012, providing better waterway facilities, as well as infrastructure investment and support for local economies.

"We have a strong plan to deliver better infrastructure ¬– and we're committed to supporting the state's tourism and marine economies," said Minster for Transport and Main Roads, Scott Emerson in a January 4 statement.

"In the past two and a half years, 42 projects have been finished and are being enjoyed by the boating and angling community, with 20 more projects in the planning, design or construction phases."

#3. The Western Australian government has made moves to firm up its trading relationship with Indonesia - the state's nearest offshore trade partner. Premier and State Development Minster Colin Barnett noted that the upcoming changes would increase the presence of the WA government in Indonesia and would allow them to focus on the prime markets for trade growth.

"We have listened to the industry groups and business operators who have asked for more assistance in the Indonesian market," said Mr Barnett.

He also noted that the state needed to diversify and improve its trade operations with Indonesia.

#4. Sydney luxury real estate is forecast to increase in value in 2015. International real estate consultants Knight Frank monitor the eight most expensive and luxurious cities in the world, and have predicted that only New Yorkers and Sydneysiders will experience a growth in value this year.

In a January 5 article by the Australian Financial Review Liam Bailey, Knight Frank's global head of research, noted that the weak Aussie dollar and competitive interest rates would aid the local market.

"Along with New York we expect Sydney to be one of the strongest ¬performing luxury residential markets in 2015. Rising business confidence and an increasing sense of political stability is helping to attract interest from overseas," said Mr Bailey.

#5. The housing market is moderating according to RP Data Senior Research Analyst Cameron Kusher. In a January 2 article published in the Australian Business Review Mr Kusher noted that although there has been a strong period of growth, the market was easing back to more sustainable levels.

"The slowing annual growth rate is further evidence that the housing market is losing some steam with combined capital city home values increasing by 9.8 per cent over the 2013 calendar year compared to a more moderate 7.9 per cent increase in 2014," he said.

 

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