Greater Sydney’s extended lockdown has cost the state economy over 10,000 jobs a day, based on the Institute of Public Affairs (IPA) analysis of the latest data. The Australian Bureau of Statistics (ABS) revealed on Thursday that during the fortnight to July 17, the number of payroll jobs fell 2.4 percent across the nation. However,…
Greater Sydney Lockdown Cost State 10,000 Jobs a Day in First Half of July: IPA
August 6, 2021
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Australian CBD Office Vacancy Remains Solid, Except Melbourne Where It Hits 20-Year High
August 5, 2021
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According to a new report, demand for office space in Australia’s Central Business Districts (CBD) has defied expectations by remaining surprisingly solid, except Melbourne, which has dropped to its lowest level on record. The Property Council of Australia’s (PCA) Office Market Report revealed that overall CBD vacancy edged higher from 11.1 to 11.2 percent in…
Construction Industry’s Nine Month Growth Streak Broken by Lockdowns
August 3, 2021
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Australia’s construction industry contracted for the first time in July after nine months of continuous expansion after harsh lockdown restrictions were implemented in various states around the country. The fall, which was noted by the Australian Industry Group (Ai Group) and the Housing Industry Association’s (HIA) construction performance index, fell 6.8 points to 48.7 in…
Victoria Enters Lockdown For Fifth Time
Victoria will enter a snap lockdown from midnight tonight as the government tries to control the spread of the COVID-19 Delta variant in the state. “With a heavy heart, but with an absolute necessity and determination to beat this Delta strain, just as we did a few weeks ago, the Chief Health Officer and the…
Lockdown Impact on Card Spending Muted in NSW Compared to Victoria
July 7, 2021
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The recent lockdown restrictions in New South Wales (NSW) have had a lower impact on spending activity in the state compared to the recent Victorian hard lockdowns. Both Commonwealth Bank and Westpac Bank data revealed that overall household card activity had not made any significant drops in NSW after the first week of restrictions. Commonwealth…
ADF to Assist With Victoria’s Lockdown Enforcement
Health Minister Greg Hunt confirmed that a total of 160 Australian Defence Force (ADF) personnel would be sent to Victoria to assist with the state’s lockdown enforcement at the request of acting premier James Merlino. The total cases linked to the Whittlesea cluster of CCP virus has grown to 45, with five new cases recorded…
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