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Construction Jobs in Australia will suffer a major hit as new home building will fall by almost 50 per cent, putting half a million jobs at risk over the next year, according to the Housing Institute of Australia. “In 2018/19 the industry engaged over 1 million people to commence building almost 200,000 new homes. Next year we expect to start just 112,000 new homes leaving up to 500,000 jobs at risk,” said HIA’s Managing Director,…
Australia Lockdown: From June 1, pubs, cafes and restaurants in New South Wales can host up to 50 patrons. Lifting of restrictions on beauty salons, gyms and yoga studios are expect to follow soon. While lockdown measures are slowly being eased across the country more than 70% of Aussies polled in a survey said they were concerned about the virus and lifting of restrictions. Australia Lockdown One of the world’s largest ratings agencies has forecast…
Australia retail sales: Retail turnover fell 17.9 per cent in April 2020 according to the Australian Bureau of Statistics. This is the strongest seasonally adjusted fall ever published from the Retail Trade survey, following the strongest ever seasonally adjusted rise in March 2020. Turnover was down 9.4 per cent when compared to April 2019. These preliminary figures show falls in every industry, with particularly strong falls in food retailing, cafes, restaurants and takeaways, and clothing,…
Australia property market: buyers and sellers are still active in the market despite current social distancing and auction regulations. There may be economic uncertainty but those who are ready to purchase and those who need to sell are not letting Covid-19 change their plans. Australia property market has been impacted by Government regulations introduced as a result of Coronavirus. In-person real estate auctions and public open homes have been banned, and this has had affected…
COVID-19 job losses are slowing down across Australia as effects of the coronavirus emergency begin to ease. Over the seven weeks from mid-March to early May, total payroll jobs fell by 7.3 per cent, according to the Australian Bureau of Statistics. “The latest data shows a further slowing in the fall in COVID-19 job losses between mid-April and early May,” said Bjorn Jarvis, Head of Labour Statistics at the ABS. “The largest net job losses…
COVID-19 Impact on Aussies: Loneliness was the most widely reported source of personal stress for Australians during April, according to the latest ABS survey. Figures show that loneliness affected more women (28 per cent) than men (16 per cent). “Around one in five people (19 per cent) also reported that they were experiencing difficulties maintaining a healthy lifestyle,” said Michelle Marquardt, ABS Program Manager for Household Surveys “This is more of a problem for those aged…
COVID-19 in Australia: The country has had 7,060 confirmed cases of COVID-19 but there are now less than 600 active cases with 45 people in hospital including 12 in ICU and seven on ventilators. More than one million tests have been conducted, with less than one per cent positive and more than 10 million telephone consultations have taken place. Across Western Australia cafes, restaurants and pubs have re-openeddoors and workers returning to offices. Tasmanian restaurants…
COVID-19 Down Under: The Australian share market has begun the week in positive territory but coronavirus-sparked volatility is set to reign supreme as the week progresses. Thousands of Australian healthcare workers have come forward offering to take part in Coronavirus treatment trials in a bid to speed up research into the virus. Major banks are hiring more staff to cope with a tide of new paperwork as they begin to assess the status of tens of…
COVID-19 Update: NSW will be a “buyer’s market” in coming months as house prices are set to plummet. That’s according to NSW Premier Gladys Berejiklian who believes it will take at least a year for property prices to recover. Government figures show that almost 600,000 Australians lost their job last month, the single largest rise in jobless in the nation’s history. Prime Minister Scott Morrison said the pandemic’s economic hit will be tougher than the global…
Jobs in Australia – Seasonally adjusted employment fell by 594,300 people between March and April, according to the Australian Bureau of Statistics. Large changes were seen across all labour market indicators in April. “The large drop in employment did not translate into a similar sized rise in the number of unemployed people because around 489,800 people left the labour force”, stated Bjorn Jarvis, head of labour statistics at the ABS. Unemployment increased by 104,500 people…
