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 ...

By: Rachel Clun Australia is working to give one million doses of the internationally-produced AstraZeneca vaccines originally destined for Australia to Papua New Guinea, as the country battles a widespread outbreak of COVID-19. Prime Minister Scott Morrison also announced Australia will send 8000 locally-produced AstraZeneca vaccines to PNG to help immunise health workers, as the local health system struggles to contain the ...

  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 ...

  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, ...

By: Josh Dye and Mary Ward NSW Premier Gladys Berejiklian has announced a major easing of restrictions ahead of the summer holidays, including allowing people to drink while standing up outdoors in pubs. From Monday the one person per two-square-metres rule will prevail at all indoor venues including for hospitality, retail and places of worship. The one person per four-square-metres will still apply ...

By: Yoni Bashan   Every adult in NSW will receive $100 in vouchers to use on dining, entertainment and recreation in a bid to stimulate the hospitality and cultural sectors still suffering from the impacts of the COVID-19 pandemic.   The scheme, costing $500m, will involve four digital vouchers worth $25 each, two of which will be redeemable at restaurants, ...

By: Aleks Vickovich While Australia’s national net debt has blown out by 40 per cent to $703 billion thanks largely to the pandemic, it seems regular folks around the country have taken a more prudent approach, reducing their collective credit card bill by more than $7 billion over the same period. According to the latest data from the Reserve Bank of Australia, ...

House prices across Australia have risen overall for the first time since the start of COVID-19. Monthly data from CoreLogic shows that, as a collective average, the housing market experienced a 0.4 per cent rise in October. It follows month-on-month average declines since the pandemic started shaking the nation’s economy. “The numbers out today are quite remarkable,” CoreLogic head of ...

The Morrison government has hedged its bets further on the discovery of a coronavirus vaccine by investing in two more projects to secure another 50 million doses. As a result, Australia now has a stake in four vaccines with a combined total of 134 million dose, should any or all of them prove safe and effective. Prime Minister Scott Morrison ...

By: Tom Rabe Unions have condemned a move by the NSW government to cut the public sector wage cap to 1.5 per cent but have ruled out industrial action during the coronavirus pandemic. In order to save billions of dollars following due to the COVID-19 economic crisis, the state cabinet agreed on Monday night to reduce the cap for public ...