Awards display the strength of Ipswich businesses

Chamber Talk, with Ipswich Chamber of Commerce president Brett Kitching

THE strength of the Ipswich business community was clear to see last Friday night as the Ipswich Chamber of Commerce and Industry Business Awards were held at the Ipswich Civic Centre.

The sold-out event featured nine awards winners as well as the Mayor's Future Focussed award and the President's award. Guests enjoyed the evening with many staying on until near midnight taking in the live entertainment.

Congratulations go to all nominations, finalists and winners, and thanks go to the Chamber staff and Ipswich Events for organising such a superb evening.

While the Chamber Business Awards were the focal point last week, there was some promising economic news from around Australia.

Firstly, the value of the Australian share market moved to its highest point for well over 12 months as particularly financial stocks continued strong gains. An extended rise in a share market is an indication that an economy is beginning a positive move after being at an economic low for a period of time.

Secondly, a report from the Housing Industry of Australia last week indicated a significant increase in new residential land sales for the June quarter.

The 23% increase in land sales across the quarter is an indication that Australia's housing sector could be on the path to recovery.

The increase in land sales was particularly evident in NSW and Victoria which both experienced whopping 50% increases. An increase in residential property activity is another strong indicator of an economy moving in a positive direction.

The final evidence of looming economic recovery last week was evident in the retail sector. Whilst many retail sectors are facing extensive competition from online sales, there was good news from an old staple last week. Woolworths reported a 3% growth in retail sales in the first quarter of the financial year indicating an increase in consumer spending.

An increase in consumer spending indicates an increase in consumer confidence and this combination of signs from last week give an increasingly positive outlook for the future.

Tempering these positive signs is the continued dismal global outlook which the Reserve Bank of Australia is forecasting to impact on Australia but the positive data received on the domestic front last week cannot be discounted - especially for a growing, developing region such as Ipswich. 

Upcoming events

Networking After 5 - Thursday, October 25, New Venue - Ipswich Golf Club - Samford Rd, Leichhardt, 5pm-6.30pm. Free event for members

Suncorp Bank Business Leaders Breakfast - Friday, November 16, 6.45am-8.30am at The Ipswich Club - Gray St, Ipswich. Keynote speaker for the event is Carl Rackemann, Queensland cricketing legend. Members $44, non-members $55.

Bookings and payment in advance is essential for all events. Inquiries phone 3282 8688 or admin@ipswichchamber.org.au.



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