All Dressed Up

You may be all dressed up and ready for Christmas and New Year. Although Christmas is still a few weeks away, several of us were lamenting at our last Chamber event that Perth has a deferral mentality when it comes to so much of business throughout the year.

“Oh, I’ve got so much on in the lead-up to Christmas!” comes the refrain earlier and earlier.

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Harvest Time

I was recently introduced to a term new to me in business – “Harvest time”. It’s a retail and hospitality term for that time when all the expected good stuff for the year comes crashing in.

We were looking into securing assistance for one of our Members who operate in the hospitality area when a consultant I had sourced shared the term with me. They understood that the business owners will be super-busy this time of year – leading up to end-of-year functions, Christmas, New Years, summer engagements weddings, school celebrations and more.

It’s Crunch-Time for those businesses.

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Recent Comments from Our Chamber Events

Here are a few comments from members and guests attending one of our Chamber events – this time with W.A. Minister for Transport and Planning, The Hon. Rita Saffioti.

“I wanted to thank yourself and Rita for the breakfast last week. It was wonderful to be able to hear firsthand about the projects that are happening in the community and get answers to our questions. As a business owner it gives me great optimism that such projects are happening that can help stimulate the economy. Thanks again and thank you to Rita for giving her time.”

Michelle Maynard, CA CTA, Partner, Carbon Accounting Swan Valley
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State of the Economy

Our economy is on a small-ish roller-coaster, but what is often ignored is that the roller-coaster has long been operating far above ground-level in Australia. We have an enviable economic status worldwide. It is close to three full decades since Australia last entered a recession. The GFC hit with full force in September of 2008 – 11 years ago!

Australian annual economic growth has slowed in recent years, bringing to some a sense of gloom and even unfamiliarity. There are now many who have never experienced a significant economic downturn in Australia through their whole careers – whether as an employee, a business owner, a politician, or an organisational leader.

There is (to my mind, needlessly alarmist) talk of upcoming recession for Australia. National retail figures for July indicate a downward spend Australia-wide. However, there are indications from some of my sources that retail spending has increased through August and into September. It may be that as the general population receive a bonus in their tax returns it may provide a micro-stimulus to spending. There are, of course, numerous other factors impacting our overall economy. It is the cross-impact of different factors that is, however, creating the analytical uncertainty and negative interpretations of trends.

In the face of economic uncertainty, however, what can be our local response?

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How To Achieve Real Success

Last week I had the privilege of being the M.C. for an event held in Perth – Home-Grown Heroes at the Crown – dedicated to real estate professionals and run by the team at Real Estate Brilliance. Congratulations to the brilliant Ryan Thompson and his team on an outstanding event.

Featuring presentations by some of the most highly successful real estate agents in both Western Australia and Australia, there were numerous tales told of how they achieved success DESPITE some of the toughest market conditions they had ever seen.

For example, Rick Hockey, one of WA’s top real estate performers, works in the Port Hedland area where real estate values dropped overnight from $750,000 per house to $250,000. How do you create success in those kinds of conditions?

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Metronet Announcement

This past weekend Premier Mark McGowan announced the plans for the Ellenbrook Metronet Line. The overall route and planned stations have been finalised and the next steps are being undertaken in the planning process.

We are hoping to have a local event to go through the planning in detail and to give local business and community leaders the opportunity to discuss the Metronet, commercial aspects and related issues directly with the responsible Ministers. There will be more on this if we are able to arrange the availability of guest speakers.

Please see the following offical Metronet information for more details regarding the Ellenbrook line.

Visit the metronet at www.metronet.wa.gov.au

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