Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward.
At the beginning of 2020, a mass exodus of people from Australia as borders closed led many to believe that the pressure on our housing market would be alleviated. However, the opposite has happened, with rents still sky high across the country.
The Albanese government announced that it will add an additional six weeks to the current Parental leave scheme (PPL), with two weeks to be added each year to the currently available 18 weeks until reaching 26 weeks in 2026.
With the federal budget just days away and calls to cut the Stage 3 tax cuts growing ever louder, news.com.au offers a breakdown of what the tax cuts might mean for you. It can be found here.
A major Osko outage last week has affected millions of people, leaving “an incredible amount of people with no money”. The BPAY service is used by the majority of Australian financial institutions.
The charity Foodbank’s annual Hunger Report is due next week, and is expected to show that inflation and inadequate welfare are fuelling Australia’s food insecurity crisis.
With less than one candidate applying for each job opening on average, employers are beginning to realise that increased benefits, ability to work from home, and willingness to hire from overseas will become necessary to attract talent.
The 2022 Deloitte Retailers’ Holiday Survey revealed last week that despite increased pressures due to rising cost of living, retailers are feeling cautiously optimistic that shoppers will turn up.
Next week’s federal budget is expected to reveal increasingly poor forecasts for the global economy, with those conditions expected to be felt here at home. Treasurer Jim Chalmers warned that world markets and key trading partners are on “an increasingly perilous path”.
Months after raising huge amounts of capital and poaching executives from Uber and Lyft, Australian e-bike start-up Zoomo is experiencing an unexpected downfall. This week they were forced to lay off 16% of their staff.
The apartment first made headlines two years ago when it was last available to rent for $380/week. The increase in price underscores how sharply prices have risen since 2020.
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