With a rapidly growing Asian middle class and an increasing demand for agricultural produce globally, Australia is geographically well placed to take advantage of the opportunities. Issues such as investment, structural changes within the industry, and the unpredictability of the Australian climate, present real challenges for the sector.
The community sector encompasses a broad range of not-for profit and for-profit institutions which often have a primary objective of providing services to the community. The sector includes education, religion, sports and recreation, health & aged care as well as various other government and regulatory functions.
The Australian construction and engineering industries have been under sustained pressure for a number of years with many major participants working through a range of challenges, which in our experience are common across industry players of all sizes.
The finance and investment sector is broad and integral to all aspects of the economy, whether through the provision of payments systems, capital and liquidity for growth or savings and investment for retirement. Consistent with the global experience, Australia has seen significant levels of growth and consolidation in the sector over recent decades.
McGrathNicol has a specialist Government Advisory team of professionals in Canberra. The team has extensive experience in providing a range of advisory services to the government sector. Key areas of advisory experience include financial, internal audit, governance, risk management, investigations and probity.
The hospitality industry is a key indicator of trends in discretionary household income and spending, consumer and business confidence and domestic and international tourism. The sector is expected to see continued growth with recovering market conditions and increasing consumer and business confidence.
Recent experience of infrastructure projects delivered under a Public Private Partnership (PPP) model has been mixed, with private sector partners struggling to accurately assess and price risk, particularly in transport projects where patronage risk has been borne by private capital.
It is well understood that the manufacturing industry in Australia has experienced a steady decline over the past twenty years and yet it still remains one of the largest sectors in the country by GDP, employment and investment innovation.
Organisations operating in the media and communications space are impacted more than any other industry by the meteoric rise of digital technology in everyday life. Consumers are responding by demanding an increasingly tailored customer experience available across an ever-expanding array of platforms.
The property market commentary over the past twelve months has been dominated by the surge in foreign investment into Australian Property, particularly from China, Malaysia and Singapore. Investors from the Asia Pacific region bought over $3.8 billion of Australian Property last year making it the fifth year in a row of high levels of foreign investment in Australian property.
The resources industry in Australia is vast. It includes a range of commodities including base metals, precious metals, coal, mineral sands, oil and gas. Most commodities have been under price pressure in recent years which has driven a sharp focus on productivity, lost restraints and a severe contraction in exploration activity.
Sitting at the intersection of all the significant social-economic trends of recent decades, the Retail sector is a prime barometer of Australasia’s well-being.
Australia’s transport, distribution and logistics sector is a leading barometer of economic activity, as it intersects with most of Australia’s key industries. Medium term growth prospects forecast total demand for freight to increase over the next five years at a compound annual rate of circa 3 to 4% to 2019.