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Edge of the world: The Tassie escape you need to add to your bucket list

<p>Dominated by ‘the Nut’, a volcanic plug on the edge of town, Stanley is impossible to miss on a journey to Tasmania’s north-west. The Nut rises 152 metres with almost vertical cliffs on three sides plunging into Bass Strait, and at its base is the historic village just begging to be explored.</p> <p>George Bass and Matthew Flinders discovered the unique formation in 1798, naming it ‘Circular Head’; the region’s municipality is still called this. It was settled from 1826 after the Van Diemen’s Land Company was granted land in the north-west, including the Stanley area, and employees from England arrived in the region.</p> <p>The township was named in 1842 after Lord Stanley – who went on to serve three terms as the British prime minister – and the village eventually became a thriving and bustling centre built around farming. These days, tourism and fishing are its major drawcards, with people flocking to see the incredible views both of and from the Nut. Surrounded by beautiful coastline, and with heritage buildings and terraced streets, this ‘edge of the world’ town with its mix of natural and historical wonder is certainly worth a visit.</p> <p>“This beautiful historical fishing village is a place everyone should see. A lazy little town set under the Nut, this place has so much history, it will take you back to the early settler days. Gorgeous beaches to boot, and lots of restaurants to tickle your tastebuds.”<strong> - Jenny Barnes, Launceston, Tasmania</strong></p> <p><strong>What to do:</strong></p> <ul> <li>Climb the Nut or if, the challenge is too great, take the chairlift for incredible views over the north-west coastline and Stanley.</li> <li>Explore the historical township, which has a number of heritage buildings that have not changed over the years, including the Van Diemen’s Land Company store.</li> <li>Join a penguin tour or hop aboard a seal cruise to encounter some of the region’s local residents.</li> </ul> <p>“You can see why Stanley is often referred to as ‘the edge of the world’, perched as it is next to the Nut, a little piece of land that drops off into Bass Strait. Our first port of call, like most travellers I would say, was a chairlift ride to the top of the Nut. We were lucky enough to be joined by a fifth-generation local man, Graham, who runs a B&amp;B in town. To meet someone with such a long family history in Australia is quite rare, but it’s a common occurrence in Stanley. Home to some of the freshest air in the world, the breeze from the top of the Nut certainly blows out any cobwebs, and the views of the beaches on all sides are breathtaking.</p> <p>The town itself is charming, with its lovingly restored buildings that house cafes, art and craft shops, and B&amp;Bs. Many of the original English settler buildings have been preserved, and a drive around town is fascinating. There’s Highfield, a historic house built in 1841 that’s regarded as the birthplace of the European settlement of Tasmania’s northwest, and you can even see the former home of Joseph Lyons, Australia’s tenth prime minister, who took office in 1923. But it’s not just the town and the Nut that are beautiful. We took a scenic helicopter flight out to the nearby Tarkine wilderness area, a huge expanse of cool temperate rainforest that contains Aboriginal archaeological sites – it really is a stunning place.”<strong> - Jen and Clint</strong></p> <p><img width="142" height="174" src="https://oversixtydev.blob.core.windows.net/media/7817348/australia-s-ultimate-bucket-list_142x174.jpg" alt="Australia -s -ultimate -bucket -list" style="float: right;"/></p> <p><em>This is an edited extract from </em>Australia’s Ultimate Bucket List<em> by Jennifer Adams &amp; Clint Bizzell published by Hardie Grant Books RRP $29.99 and is available in stores nationally.</em></p>

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Are Bunnings’ glory days over?

<p>The weekly pilgrimage to Bunnings for a browse and a snag-in-bread may be losing numbers fast, with Morgan Stanley analysts predicting the hardware retailer’s sales growth will halve this year as a result of cooling house prices.</p> <p>Increasingly cautious consumers and growing pressure on household cashflow are likely to see spending on home improvement fall from the lofty highs seen during the peak of Australia’s capital city property price boom, according to Morgan Stanley stock analysts.</p> <p>Parent company Wesfarmers, which also owns Coles, Kmart and Target, is set to release its first-half financial results on February 21 but attention could quickly fall to Bunnings due to its particularly high exposure to a “deteriorating housing market”.</p> <p>“The housing market is cooling, particularly in NSW. Our macro team’s housing indicator suggests that price declines are set to continue over 2018,” analysts led by Thomas Kierath and Monique Rooney wrote in a report to clients.</p> <p>“Also, our banks team thinks that higher mortgage rates and tighter lending standards have increased the risk of unintended consequences, including more pressure on household cash flows, weaker economic growth, higher non-housing loss rates, and lower house prices.”</p> <p>And as homeowners tighten their budgets, spending on odd jobs around the house could be put on the back burner, leaving Bunnings to face weaker sales growth figures.</p> <p>“We think Bunnings is affected in this environment and expect Bunnings [Australia and New Zealand like-for-like sales growth] to slow from 10.8 per cent in 1Q18 [the first quarter of fiscal 2018] to 5 per cent across 2H18 [the second-half of fiscal 2018].”</p> <p>But not all in the market agree, with Charles Schwab Australia market analyst Ben Le Brun saying Bunnings remains “an absolute cash cow”, and that talk of cooling house prices have been around some time but have yet to noticeably damage the retailer.</p> <p>“It’s a terrific business that may see some like-for-like sales depreciation, but we’re coming off a very high base and I don’t think there’s going to be anything to significantly derail the story,” Mr Le Brun told Domain, adding that he’d be surprised if Morgan Stanley’s prediction of halving sales growth proved accurate.</p> <p>In growth terms, Bunnings is a “star performer” for the Wesfarmers conglomerate, according to Mr Le Brun, and the retailer is still benefiting from the <span style="text-decoration: underline;"><strong><em><a href="http://www.smh.com.au/business/property/signs-down-lights-out-doors-close-on-masters-now-the-rebirth-20170213-gubyjy.html" target="_blank">closure of rival Masters in late 2016</a></em></strong></span>.</p> <p>A decade of booming house prices, and strong management, have been good to Bunnings, with Morgan Stanley noting that in 2007 the business pulled in $528 million – a number predicted to be closer to $1.4 billion this year.</p> <p>But while the Christmas trading period was solid for Bunnings, the analysts say any strength seen in the Australian and New Zealand arms will be offset by weakness in <em><span style="text-decoration: underline;"><strong><a href="http://www.smh.com.au/business/retail/bunnings-says-its-losses-in-the-uk-are-about-to-get-even-worse-20171116-gzmtnc.html" target="_blank">Bunnings’ struggling UK venture</a></strong></span></em>.</p> <p>What are your thoughts? Do you think the glory days are over?</p> <p><em>Written by Chris Kohler. Republished with permission of <a href="https://www.domain.com.au/money-markets/house-price-weakness-casts-a-cloud-over-bunnings-glory-days-morgan-stanley-20180130-h0qgde/?benref=smh" target="_blank"><span style="text-decoration: underline;"><strong>Domain.com.au</strong></span></a>.</em></p>

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