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Posts Tagged ‘Canberra’

RELIEF may be in sight for renters who have been hit in the hip pocket by skyrocketing rents over the past few years.

There has been a small decrease in rental rates across Australia’s capital cities over the June quarter, suggesting rental yields may have hit their peak, leading property statistics agency RP Data says.

Weekly house rents fell by 3.5 per cent nationally over the June quarter while unit rents dropped 0.6 per cent.

The largest fall was in the Canberra market with a drop of six per cent for the June quarter in the housing market, where the median weekly rent fell from $530 in March to $498 in June.

The only mainland capital city to experience a nearly six per cent rise in rent was Darwin, where renters can expect to fork out about $100 more per week than those in Sydney, where rents dipped by about five per cent.

“It now appears that the rental market may have peaked with national weekly median rents falling slightly in each month post March 2009,” RP Data’s Tim Lawless said in a statement.

“And with rental rates now coming off the boil and property values rising we are seeing the first signs that rental rates are eroding.”

Rental vacancies remain tight across the nation with all capitals recording less than three per cent vacancy in stock.

Source  :   www.news.com.au  
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A PLAN to help up to 124,000 retrenched workers has united the states but drawn criticism in Canberra.

Prime Minister Kevin Rudd signed a deal with the states and territories to give intensive help to unemployed people aged over 25.

The Council of Australian Governments (COAG) conference in Darwin agreed to give the jobless access to government-subsidised vocational training.

Labor says the “compact with retrenched workers” will help up to 124,000 people.

“Workers who have been retrenched as a consequence of this global recession have lost their jobs through no fault of their own,” Mr Rudd said.

“Acting to support young Australians who are finding it hard to enter the labour market … represents an important intervention by government.”

Under the agreement, the Federal Government’s new employment agency Job Services Australia matches retrenched workers, aged over 25, with a path to a qualification.

The state and territories would set aside training places.

The training is for people who have been out of work since January 2009 and who are registered with a Job Services Australia provider.

The entitlement is available from now until the end of 2011.

It follows an “earn or learn” COAG agreement reached in April to make youths aged 15 to 19 undertake training and guarantee places for 20-24 year-olds in skills development.

The Rudd Government says it has invested $300 million in programs to help retrenched workers, but it did not provide a cost for the latest one.

Queensland Premier Anna Bligh said COAG’s new scheme would prepare Australia for economic recovery.

“We know only too well how quickly this country can find itself in a situation of serious skills shortage.”

But Opposition employment participation spokesman Andrew Southcott said training programs for the unemployed had failed when Labor last took that approach in the mid-1990s.

“Training for training’s sake, without a job at the end of it, is cruel to the unemployed,” Mr Southcott said.

“The experience around the world is that a skills-first approach for the unemployed tends to be very expensive and you have poor outcomes.”

Source  :  www.news.com.au

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I ended up being a bit under the weather last week so the blog post from last week is now this weeks blog post.

While I was off work recuperating, I started thinking again about our very first blog post which looked at the most popular location for graduate jobs in Australia. Our very first blog post was about how Melbourne was the most attractive city for graduate job hunters and re-reading it over the week got me thinking about how ready Australian graduates are to relocate for their first graduate job on leaving university.

From that first blog post we found that 55% of graduate job hunters were interested in Melbourne as a place to take up their first graduate position. This fact gets even more interesting when you consider that only 30% of the visitors to our site were actually based in Melbourne to begin with.

Relocate? Sure why not

Relocate? Sure why not

To take things a step further I thought it would be interesting to have a look at how many graduates were interested in relocating to multiple cities after they had finished up at university, so as you do when you’re sick, I ended up sitting down and hitting our database to see how many graduates were interested in relocating to secure their first graduate job and the results were as follows:

Relocation Locations % of Graduate Respondents
3 39.5%
2 16.5%
1 44%

The Breakdown

This is an interesting insight into the attitude of graduates as they are searching for their first graduate job as it shows 3 distinct mindsets.

Firstly there are the 44% of grads who only want to work in one location after they finish their university studies. My thinking on this is that these graduates either want to work and live in their home town or the town they have relocated to for university.

The next group which accounts for 16% of graduates are interested in moving to 2 locations. I think this shows that these graduates have relocated for university and would want to either stay where they are studying or return to their home town.

The remaining 39% of graduates are out to work in 3 or more locations after they finish studying which shows that a large proportion of graduates coming out of university in Australia are very flexible and are keen to do whatever it takes to find a good opportunity. I think this is the group I would have fallen into when I finished studying at university as I was keen to move anywhere  I could secure an opportunity, I even considered going to Norway at one point.

Summing Up

So it seems that the majority of Australian graduates, 56% to be precise, are motivated to relocate once they finish studying which is a good sign for locations such as Western Australia, Queensland and Canberra as these centres do have a high demand for graduates but don’t’ have the largest numbers of graduates studying there compared to Sydney and Melbourne.

Source  :  http://www.gradconnection.com.au/blog/goverment-graduate-recruitment/australian-graduates-ready-to-relocate-for-graduate-jobs.html

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I know if Jane were here today, she would have been so happy to see that so many Australian women and their families are being helped by the work the McGrath Foundation is doing each day.

Executive Director of the Foundation TracyBevan                                                                                                                                                                                                                                                 

Memorial services will be held across the nation today to honour breast cancer victims including Jane McGrath, one year after her death.

The McGrath Foundation, led by her husband and former cricketer Glenn McGrath has raised more than $5.5 million for cancer research.jane McGrath

Jane and Glenn co-founded the McGrath Foundation in 2002, to raise money for breast cancer nurses and to raise awareness about the disease.

The cancer campaigner lost her own battle with cancer on June 22 last year, sparking an outpouring of grief.

Today memorials will be held in the Art Gallery of NSW and at other sites across Sydney, as well as in Newcastle, Melbourne, Adelaide, Brisbane, Perth and Canberra.

Executive Director of the Foundation Tracy Bevan says it’s a significant day.

“Today is a hard day for us, but it’s also a very proud day. I know if Jane were here today, she would have been so happy to see that so many Australian women and their families are being helped by the work the McGrath Foundation is doing each day.”

The foundation currently has 45 McGrath Breast Care Nurses working in health care facilities across the country, with another eight to be placed in coming months.

Source  www.livenews.com.au

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SYDNEY (AFP) — Prime Minister Kevin Rudd officially launched Australia’s bid to host the football World Cup in 2018 or 2022.

Rudd told an official ceremony at Parliament House in the national capital Canberra that Football Federation Australia (FFA) had the full backing of the government to bid for the showpiece event.

“The sheer odds are tough against Australia, eight other countries, but the reason the government had got behind the bid is that we as a nation can rise behind this great bid,” Rudd said.aus_worldcup

The premier said the chance to host a World Cup was a great opportunity for the nation.                               

“The challenges are great, but the prize is much greater,” he said.

“I salute those who have had the courage and the initiative and creativity to bring forth this idea.”

English Premier League stars, national skipper Lucas Neill and goalkeeper Mark Schwarzer, also spoke at the launch, urging Australians to throw their support behind the World Cup bid.

FFA chairman Frank Lowy said it would be an “unparalleled opportunity” for Australia to earn official acceptance as a World Cup host.

“On the world stage, there is no event with the same level of global appeal or audience reach as the FIFA World Cup,” the property billionaire said in a statement.

Lowy said Australia?s “secret weapon” for winning the World Cup bid was the Australian people, and Australia’s desirability as a travel destination.

“People from all over the world want to visit our country and thanks to the performance of the Socceroos at the 2006 FIFA World Cup in Germany, as well as the many thousands of Australian fans who followed them, the rest of the world has a very positive view of us.”

Lowy also pointed to Australia’s record of hosting successful major sports events such as the 1956 and 2000 Olympic Games.

Australia are among nine bidders, along with Belgium-Netherlands, England, Indonesia, Japan, Mexico, Portugal-Spain, Russia and the United States, for the 2018 World Cup.

The same nine bidders are also in the running for the 2022 World Cup, along with Qatar and South Korea.

World football governing body FIFA will announce both the 2018 and 2022 World Cup hosts in December 2010.

Australia have already qualified to play in next year’s World Cup in South Africa.

Source  :  www.google.com

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HOUSE prices could rise by as much as 22 per cent during the next three years, an economic forecaster says.   house price

”The conditions are ripe for a sustained recovery in residential property prices,” according to BIS Shrapnel’s Residential Property Prospects, 2009 to 2012, report.

”Low interest rates, solid growth in rents and housing shortages are evident in most markets.

”However, the current economic malaise will mean confidence will only recover slowly during 2009/10.”

BIS Shrapnel senior project manager and study author Angie Zigomanis said that, at this stage, all of the action was occurring at the lower-priced end of the market.

This is due to a surge in first-home buyer demand as a result of the federal government’s first home owner boost scheme and low interest rates, he said.

BIS Shrapnel forecasts there will be 180,000 first-home buyers in 2009.

Although first-home buyer demand was expected to ease after the expiry of the government’s boost scheme at the end of 2009, upgraders and investors were expected to take the baton, Mr Zigomanis said.

”We expect rising confidence in the prospects for an economic recovery in 2010, so investors are likely to return in greater numbers, attracted by increased rental returns and low interest rates.”

Among the state capitals, Sydney, Melbourne and Adelaide will show the strongest price growth over the next three years, at 19 per cent.

More moderate growth is expected in Brisbane, Hobart, and Canberra, while price growth in Perth and Darwin is expected to be weak as the local economies of these cities are impacted by a decline in investment spending in the resources sector.

BIS Shrapnel estimates Sydney’s median house price at June 2009 to be $530,000, and predicts it will rise by mid-2012 to $630,000. Melbourne’s current median house price is estimated at $425,000, rising to $507,000 by June 2012.

In Adelaide, the median price is estimated at $360,000 and predicted to climb to $430,000 over the three years.

Among other cities around Australia, Newcastle and Wollongong are expected to benefit from the migration of residents from Sydney over the coming years.

The median house price in Newcastle is expected to soar 22 per cent over the three years, while Wollongong is forecast to see growth of 20 per cent in the same period.

In Brisbane, the average house is estimated to cost $391,000 now and is expected to cost $455,000 by mid-2012, an increase of 16 per cent.

Hobart’s median house price is estimated to be $335,000 and will rise by 15 per cent to $385,000 over the three year period.

An average house in Canberra is estimated to cost $440,000, increasing to $515,000 by 2012, a rise of 17 per cent.

In Perth, the estimated median house price is $425,000, expected to reach $475,000 in three years, up 12 per cent.

Darwin’s forecast median house price is $470,000, predicted to show an increase of 11 per cent over the three years.

For the Gold Coast, the Sunshine Coast and Cairns, BIS Shrapnel forecasts prices will increase by 14 per cent, while Townsville prices are expected to grow 13 per cent over the three years.

Source  :  www.news.com.au

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online_shoppingSupermarket internet shopping has arrived in Perth, with Coles launching the service a few weeks ago and Woolworths expected to follow its rival’s lead within months.

General manager of online shopping for Coles, Keith Louie, said the use of the service had exceeded the company’s expectations and had created 150 jobs in Perth.

Thousands of orders have been taken in the few weeks the service has been operating.

Rival retailer Woolworths says it plans to go online in Perth by the end of the calendar year.

Spokesperson for Woolworths Claire Buchanan said online supermarket shopping was still very much a niche market.

“We tend to see a lot of people buying their bulky goods online and then shopping for fresh produce themselves. This is even though we tell them that our staff hand pick the goods as if they were buying for their own families,” Ms Buchanan said.

She said the value of online shopping to Woolworths equated to an additional supermarket in each of the cities in which it had been established.

“The market is still very small,” Ms Buchanan said.

“But once people try it they tend to come back. Some people will do a monthly shop online and then top up by visiting their local supermarket each week to get fresh food.

“We have online shopping in Sydney, Canberra and Melbourne and by the end of this year will have it in Brisbane and Perth.”

Mr Louie said people were opting to shop online because they wanted more control over their spending.

He said shoppers in Perth could now choose from over 20,000 supermarket products online.

PERTH
JANE HAMMOND http://www.thewest.com.au

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