By: Vanessa Brown NSW residents will have an extra month to use their Dine and Discover vouchers, the State Government has announced. Speaking to media on Tuesday, NSW Premier Gladys Berejiklian and state Treasurer Dominic Perrottet said that residents will have until the end of August to use the vouchers – and will also have the ability to use the ...
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Some of Australia’s most vulnerable workers have been overlooked by government support as capital cities head back into lockdown
By: Jack Derwin As lockdowns sweep four of Australia’s capital cities, government support is leaving some of Australia’s smallest and most vulnerable sole traders out in the cold. This week, the New South Wales government announced grants of $5,000 and $10,000 for small businesses and sole traders hurt by two week of stay-at-home orders in Sydney and wider restrictions applied more broadly ...
Read More »Australia’s minimum wage to increase by almost $20 a week
Australia’s minimum wage will go up by almost $20 a week after the independent umpire decided that the economy had improved dramatically. About 2.5 million workers will get a raise because of the decision, which treads a middle line between the divergent requests of unions that had wanted a bigger rise and business groups that had demanded less. Iain Ross, ...
Read More »Qantas to offer rewards for COVID-vaccinated travellers, says other businesses should do the same
By: Georgia Hitch Qantas will offer a range of perks to people who are vaccinated to encourage more people to get a COVID jab. The company flagged the idea last week, but CEO Alan Joyce has revealed more details of the plan, which will be launched in July. “We are putting in a discount for people who have had the vaccine,” he told ...
Read More »Victoria to receive 130,000 additional vaccine doses
By: Tom McIlroy Melbourne’s spike in new COVID-19 cases is already driving bigger uptake of vaccines, with a record 15,816 doses delivered across Victoria in the 24 hours to Wednesday afternoon. A record for doses administered around the country – 104,658 jabs in 24 hours – was also achieved, as data collected by The Australian Financial Review showed about 2 per cent of ...
Read More »Tasmania crowned Australia’s best-performing economy as population booms
Tasmania has maintained its stronghold as the nation’s best performing state economy as the Apple Isle’s population and property market booms. CommSec’s quarterly State of the States report found Tasmania led all other states and territories on dwelling starts- which means new properties being built – and population growth. It was closely followed by the Australian Capital Territory, which was ...
Read More »Sydney business owners blindsided by forceful acquisition after Metro West train station announcement
By: Kevin Nguyen and Jonathan Hair Devastated business owners in Sydney’s CBD say they were blindsided by a NSW government announcement that their buildings would be forcibly acquired to make way for two train stations. The decision to build stations for the Sydney Metro West line in Pyrmont and Hunter Street was announced at 8:00am yesterday. But the ABC filmed Sydney Metro representatives going ...
Read More »Jacinda Ardern confirms plans for new trans-Tasman travel bubble but says details won’t be released until next month
Australians will have to wait until next month to find out when they can fly to New Zealand again without quarantining, after Prime Minister Jacinda Ardern said more time was needed to set up a new trans-Tasman travel bubble. Ms Ardern told a press conference in New Zealand today that she would reveal a date for the start of quarantine-free ...
Read More »COVID-19 and Real Estate Markets in Australia – A Review of 2020
By Mohamad Mourad The onset of COVID-19 in 2020 has produced a number of interesting effects on dynamics in the traditional real estate sectors and real estate markets across Australia in terms of leasing activity and investment activity. This paper is designed to be a summary of the key events and themes surrounding the commercial real estate sector over ...
Read More »Australia’s economy has moved out of its first recession in almost 30 years, new figures show
The Australian economy has bounced back from its first recession in almost 30 years, Treasurer Josh Frydenberg says. Australia’s GDP increased by 3.3 per cent in the September quarter, figures released on Wednesday showed. “The Australian economy is coming back,” Mr Frydenberg told reporters. “Facing a once-in-a-century pandemic that has caused the greatest economic shock since the Great Depression, ...
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