Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Shows

Tech Council calls for bold tech investment to boost Australia’s productivity

Published

on

The Tech Council of Australia (TCA) has issued a call for an ambitious national tech investment target to address Australia’s lagging productivity growth.

The TCA’s latest report, *From Research to Reality: Scaling Tech Investment in Australia*, released today at their National Summit, argues that increasing tech investment could unlock substantial productivity gains and improve economic resilience.

According to the report, raising Australia’s tech investment to 4.6% of GDP could yield an additional $38 billion in GDP by 2035.

Reaching a 6.9% investment level could generate a remarkable $167 billion in productivity growth. This investment includes research and development (R&D) and broader technology adoption, essential to countering Australia’s declining productivity.

TCA CEO Damian Kassabgi explained the urgency of setting a tech investment target for 2035, calling on both government and industry to commit to a shared goal.

“Australians enjoy some of the highest living standards in the world. To ensure we can keep growing, we need to see an uplift in productivity growth,” he said.

“Australia’s productivity growth has been declining for some time, which is one of our most pressing economic challenges. Achieving the level of growth we need to turn this around and see our economy thrive requires greater tech development and adoption.”

“Tech investment enables companies to commercialise their research and create new business models, making our economy more productive and resilient. There are also practical benefits to increased tech adoption, which can accelerate the growth of both small and large businesses.”

Need to tech industry

“The results of this report show how vital tech investment is to our economy and the need for the tech industry, the wider business community and government to work together to create an environment that supports tech innovation and adoption,” said Laura Malcolm, Managing Director for Datacom Australia, a key sponsor of the report.

“The work we’re doing with our customers in the areas of AI, cloud and digital engineering clearly highlights how the smart use of technology can transform operations and performance, so it is critical that tech investment in Australia keeps pace with our global competitors. We’re also very supportive of the report’s recommendations around education focused on technology adoption and managing technology risk.”

With tech investment currently at 3.9% of GDP and projected to fall further, the TCA recommends five key policy changes, including refining tech policies and boosting R&D investment from global firms.

The TCA will work with stakeholders to finalise a concrete target, reinforcing its mission to grow Australia’s tech sector and drive economic progress.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

Continue Reading

Shows

Improvement districts transforming cities: lessons from London

Improvement districts drive change in global cities, with London sharing insights on investment and governance for Australian counterparts

Published

on

Improvement districts drive change in global cities, with London sharing insights on investment and governance for Australian counterparts.

In Short:
– Cities are adopting improvement districts to enhance urban living and attract investment through collaboration.
– Tyrrell emphasised London’s success with improvement districts and highlighted potential benefits for Australian cities in this model.

Cities worldwide are increasingly adopting improvement districts as a strategy to enhance urban living and stimulate investment. These districts involve collaboration between business owners and local authorities, aimed at collectively improving areas by focusing on sustainability, community engagement, and infrastructure development.

Opportunity London CEO Jace Tyrrell recently discussed the significance of improvement districts during an event. He highlighted London’s success in employing this model, fostering both investment and community transformation.

Tyrrell noted that Australia represents a crucial market for London, contributing approximately 10% of capital investment. He outlined opportunities for collaboration, specifically emphasising the strong historical economic ties between the two nations.

Proudly brought to you by Harper B

Continue Reading

Shows

Addressing property price guide failures in Victoria

Property price guides failing buyers: REIV’s Jacob Caine discusses reforms and plans for improved transparency in real estate

Published

on

Property price guides failing buyers: REIV’s Jacob Caine discusses reforms and plans for improved transparency in real estate

In this episode of The Property Playbook, Tim Graham interviewed Jacob Caine, Interim CEO of the Real Estate Institute of Victoria (REIV), to discuss the ongoing issue of underquoting in the Australian property market. Despite reforms introduced in 2017, concerns and dissatisfaction from the public remain prevalent. Caine shed light on the root causes of consumer mistrust and outlined the REIV’s initiatives aimed at enhancing price guide transparency.

Together, they examined the reasons behind the persistence of underquoting and its extent within the industry. They also evaluated the successes and shortcomings of the 2017 legislation. The conversation highlighted the importance of data transparency in alleviating confusion for both buyers and real estate agents.


Download the Ticker app

Continue Reading

Shows

Diversify investment strategies for stronger portfolio performance

Diversification is key for property investors, says Nuestar’s Michael Wilkins in latest podcast episode

Published

on

Exploring why smart diversification is key for property investors, especially industrial, boosts yields and lowers risk.

Is comfort the enemy of profit? On this episode of The Property Playbook, Tim Graham speaks with Michael Wilkins, Managing Director of Nuestar, about the pitfalls of sticking to a single asset type. He highlights the importance of smart diversification, particularly through industrial property, to increase yields and reduce risk.Investors are encouraged to explore options beyond residential properties. This includes townhouses, house and land packages, and industrial assets to achieve better income outcomes.

Understanding the fundamentals of industrial investing is crucial. Key aspects include strategic location and reliable tenants, which often cover most expenses associated with the property.

Financing plays a significant role in property investment. Typical loan-to-value ratios (LVRs) range from 70% to 80%, with opportunities for higher leverage depending on individual circumstances. Tenancy-based lending is also worth exploring for investors.


Download the Ticker app

Continue Reading

Trending Now