Businesses won't need to re-enrol to access JobKeeper 2.0, but they will need to tell the ATO who was working in their business in February.

This doesn’t really concern me, as it potentially means we’re less likely to experience significant booms or busts. "They can underwrite activity around job creation, that's what we're going to do, but ultimately population growth, supply and demand, it's not complicated, that's going to resolve this and it will resolve it in the coming 12 months, as I expect the property sector to return to some period of growth.

In the last decade interest rates have halved making properties more affordable. From early 2019 the vacancy rate has been hovering around 3%. New Aussie share-trading startup Superhero has burst into the market with a fresh $8 million in capital and some well-known backers. With forward supply projections remaining low, and population growth starting … BIS Oxford Economics said it expects median values in the country's capital cites to increase during 2020 but the amount of new homes being added would cap the rise.Qantas boss Alan Joyce takes massive pay cut as airline battles to surviveBIS Oxford Economics forecast median house prices in Sydney and Melbourne to still be below their respective peaks of June 2017 and December 2017 by June 2022.The researcher's 2017 analysis also expected a 5.0 per cent gain in Melbourne house prices while units in the city were anticipated to drop 4.0 per cent.Glasses retailer fined $3.5m for lying about charity donationsMelbourne houses were due to increase by seven per cent and apartments by 4.0 per cent between June 2019 and June 2022.The forecasting agency had tipped a halt to the east coast property boom in a similar report it released in June 2017, predicting at the time that Sydney house values would drop 4.0 per cent over the three years to June 2020.Coles and Bunnings locked in $29 blower price warAussie brewery launches new choccy milk beer"This compares with underlying demand for new dwellings averaging around 195,000 per annum in the same period, which in itself is a record. "The only suburbs to record a rise in values over the past three months was for what the statisticians call "inner-city Perth", which runs from Inglewood down to the CBD, along the river to Mosman Park, then up the coast to City Beach.That's after dropping 8.6 per cent over the past year.Last month, Treasurer Ben Wyatt said WA was "back in balance in the property sector" and he expected prices would recover. You are seeing some signs population growth is starting to lift, and we think that the lift in population growth will start to absorb some of that excess supply, but we don't think you're there yet. "Perth's economic woes had been driven by soft population growth, according to Mr Bloxham, and an over supply in the market. "But the government of Western Australia, the taxpayers of Western Australia, can't underwrite that," he said. "In Western Australia the unemployment rate has risen from 4 to 6 per cent, housing prices have fallen by 20 per cent, incomes have declined and strong inward migration turned to outward migration such that population growth declined from over 3 per cent to under 1 per cent," he said.Mandurah, for example, dropped 11.9 per cent in the past 12 months alone and while Perth enjoyed a modest 0.4 per cent rise, parts of Sydney climbed as high as 9.3 per cent over the past three months.Although there has been a small uptick in monthly prices, overall the Perth property market is still in the doldrums.

Michael Pascoe: China’s leader takes a turn for the particularly stupid… and ours is no betterThe two groups of people most vulnerable to dying from COVID-19Call for diversity as Aussie model with disability prepares for catwalk at New York Fashion WeekBut Mr Zigomanis said the slight uptick wasn’t enough to meet supply and “drive any strong growth in the market”.‘Australia lags behind’: PM rated a dismal failure by electric vehicle advocates“In a downturn, pessimism takes over and it takes a while for things to recover,” he added.“If a lot of properties at the lower distribution sell, then the median house price will come down a lot more because there are fewer transactions at the top end of the market.”J-Han Ho, a senior lecturer at Curtin University’s School of Economics, Finance and Property, agrees that weak migration and an oversupply of stock are dragging down median prices in Perth.“The blocks are getting slightly smaller, but I wouldn’t say the quality of life (in terms of the housing we choose) has actually got worse.According to him, the median price data paints a far gloomier picture than reality.This reduced demand for housing and left Perth with an oversupply of stock that had built up during the previous boom, causing prices to plummet.Ask the Expert: Dealing with troublesome funds and ducking the ‘death tax’Charities slammed by triple threat as coronavirus damage takes its tollAustralian Caleb Ewan pipped at finish line of Stage 10 of the Tour de FranceGet The New Daily free every morning and evening.There was an error submitting the form.

Now property is well and truly about the money – the dollars and cents are prioritized over any sense of building the family ‘castle’. However, median property values are higher than they were 12 months ago in all our capital cities other than Perth, with Sydney +10.7% and Melbourne +6.8% over the last year.

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