What’s everyone drinking? Australia’s most popular wines revealed
Want to impress your guests this New Year’s Eve? Pick a top 50 wine so that the best wine is the one you share with friends
Want to impress your guests this New Year’s Eve? Pick a top 50 wine so that the best wine is the one you share with friends
Australians love a good drop, especially at this time of year — and especially when it’s home grown. According to government statutory corporation, Wine Australia, there are more than 2150 wineries across 65 winegrowing regions around the country, representing about 6000 grapegrowers.
Just in time for the new year, wine storage provider, Wine Ark, has released its most collected wines of 2023.
Shiraz was the most collected variety, followed by Chardonnay, but for single wines, Penfolds Grange topped the list.
Keeper of Bottles at Wine Ark, John Cuff, said the Penfolds Grange was a hard wine to topple from the top spot.
“This is the second edition in a row that sees Penfolds Grange be the most collected wine in Australia, which is also one of the country’s most expensive wines, again emphasising the importance of this iconic wine to Australian wine collectors,” he said.
Penfolds Grange also represented reliability for collectors, he said, both in terms of drinkability — and investment.
“In relation to investment, I would say that historically Penfolds wines have held their value very well,” Mr Cuff said. “When they approach their drinking window, if you were to look to exit the wine, then yes, you could make some money on it.”
While many of the wines in the top 10 such as Wynns Coonawarra Estate and the Leeuwin Estate Art Series would be familiar to wine lovers, Mr Cuff said lesser known cooler climate wines including Mount Mary, Tolpuddle and Crawford River were gaining ground. The Tolpuddle Vineyard Chardonnay gained 66 places to break into the top 50 while Crawford River Riesling rose 59 places.
Mr Cuff said while warmer climate wines would remain popular, especially among those starting their wine collecting journey, more people are beginning to appreciate the merits of cooler climate wines.
“When people start their collecting journey traditionally they are either guided towards, or believe they should start with, the more popular regions such as the Barossa valley,” he said. “We all know that wines from the Barossa are brilliant and provide people with a glass of forward, flavoursome, rich wine that appeals to new wine buyers and collectors alike.
“Wines from cooler climates have a lovely angular acid line, elegant tannins and, traditionally, have lower alcohol than warmer climate wines. They also match our current food styles and climate very well.
“In saying that I do love a big steak and glass of heavy red!”
Given more than half of Australia’s wineries are based in South Australia, it’s perhaps no surprise to learn wines from the state are also the most popular with collectors. The Barossa Valley was the most popular by region, followed by the Hunter Valley in NSW.
For those looking to restock their cellar or start collecting in 2024, Mr Cuff’s advice is simple: collect what you enjoy drinking.
“There is no use buying Coonawarra Cabernet for an investment if you don’t like Cabernet,” he said. “Worse case, if you can’t sell it, you can drink it.”
His tips for good Australian tipples include Margaret River Cabernet and Chardonnay, Yarra Valley Cabernet, Tasmanian Chardonnay and Pinot Noir, single vineyard McLaren Vale Grenache and Shiraz from the “new” Barossa.
Here’s cheers.
This stylish family home combines a classic palette and finishes with a flexible floorplan
Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.
Monthly electric vehicle deliveries at NIO , XPeng , and Li Auto set a record in November. Things are looking even better for December.
EV demand isn’t an issue in China. Pricing, however, continues to be a struggle.
Sunday, NIO reported 20,575 deliveries for November, up about 29% from a year ago. Based on recent guidance, given with third-quarter earnings , NIO expects to deliver about 32,000 cars in December, a record, and up about 77% from a year ago.
Li reported 48,740 deliveries for November, up about 19% from a year ago. Based on recent guidance from Li’s third-quarter earnings , the company should deliver about 65,000 cars in December, up 29% from a year ago.
XPeng delivered 30,895 vehicles in November, up about 54% from a year ago. The midpoint of its fourth-quarter guidance, given on its third-quarter earnings report, was 89,000 cars, implying December deliveries of about 34,000 units.
December’s implied numbers would be a record for all three auto makers. EV demand in China is still solid. The bigger problem is competition. Citi analyst Jeff Chung recently wrote that the Chinese car market is still concerned about a “potential price war in 2025.”
He projects 2024 all-electric vehicle sales of 7.8 million units, up about 28% from 2023. Sales in 2025 should be up another 17% to 9.1 million cars. The problem: The industry has the capacity to make 28 million all-electric cars annually, according to Chung’s calculations. Capacity utilization that low typically isn’t great for profit margins.
At least there is demand. Combined, the three Chinese EV makers sold 100,210 vehicles in November. That’s a monthly record. December guidance implies about 131,000 cars sold, another record.
Coming into Monday trading, NIO stock was down about 51% this year while the S&P 500 was up about 26%. XPeng and Li shares were down 17% and 37%, respectively.
This stylish family home combines a classic palette and finishes with a flexible floorplan
Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.