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www.careerjet.com.au

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Perth properties are being sold quicker than any other state capital, new figures show.

Research from property analysts RP Data and Rismark International shows it took 24 days to sell a house in November and two days fewer for units.

The time taken to sell a unit was the quickest in Australia, while only in Canberra (23 days) were houses sold quicker.

The average price for houses and units in the metropolitan area at the end of November was $460,000.

While that was a drop of 1.09 per cent on October, making Perth the only city where prices fell, it was still an increase of 6.47 per cent on the start of the year and a 5.87 per cent rise on the same time in 2008.

The average house price was $485,000, down 1.11 per cent on October, but up 5.94 per cent since the start of 2009, while units dropped 1 per cent on October, but rose 8.55 per cent in 2009, to average $385,000.

The news was not all good for homeowners. Landlords found rental yields dropping, to 3.94 per cent for houses and 4.41 per cent for units, both down 0.04 of a percentage point on October.

Rismark managing director Christopher Joye said the key drivers in the market in the latter half of 2009 were upgraders and investors, and this was expected to continue this year.

Once mortgage rates “normalised” to between 7 per cent and 8 per cent, price growth would drop back. As many borrowers did not reduce mortgage payments when rates fell, they should be well placed to absorb rises.

Source  :  www.watoday.com.au

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The Western Australian Premier Colin Barnett has officially launched a $100 million research centre in Perth, which has been set up to help Australia win a massive radio astronomy project.

Western Australia and South Africa are the front runners to secure the $2.5 billion Square Kilometre Array project, with the decision expected in 2012.

To strengthen WA’s bid, Curtin University and the University of Western Australia have set up the International Centre for Astronomy Research with extra funding from the State Government.

The International Director for the S.K.A project Richard Schilizzi says the centre will enhance Australia’s chances.

“It shows that the infrastructure for radio astronomy in Australia is very strong and that means that the ability to exploit the telescope role will be ensured,” he said.

Source  :  www.abc.net.au

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SUPERANNUATION balances have recovered about $70 billion in the past few months as the share market continues to gain ground.      super

The average growth fund is believed to have jumped another 1 per cent in May, adding $10 billion to balances.

This takes the recovery since February to about 7 per cent, or $70 billion.

According to independent research house Chant West, despite recent improvement, the average growth fund is still forecast to lose 13 per cent for the financial year.

Chant West investment research analyst Mano Mohankumar said yesterday results were still being held back by the share market and an continuing fall in unlisted assets, expected to show up to a 25 per cent loss for the year to June.

A separate survey released yesterday showed the downturn has put retirement plans of hundreds of thousands of Australians in doubt

Every second retiree or soon-to-be retiree had lost up to $50,000 in the past year from retirement savings or investment portfolios. About one in three had lost up to $100,000, it said.

The Bankwest survey, Retiring in the Downturn, said retirement plans of 74 per cent of older Australians had been disrupted.

“While younger Australians have years to recover, many retirees have little chance to recover lost wealth,” Bankwest’s Ian Corfield said.

Source  :   www.news.com.au

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Diving with great white sharks and discovering shipwrecks is considered a “good day at the office” for Hugh Edwards.    great white                 
 
The self-proclaimed adrenalin junkie took a giant leap of faith when, at the age of 35, he threw in his job as a journalist and pursued a life-long dream to dive deep underwater and document his adventures.
 
Now 76 and with no plans to slow down, Mr Edwards, of Swanbourne, has been awarded the Medal of the Order of Australia (OAM) as part of the Queen’s Birthday honours.
 
His research over the past 50 years has been instrumental in the discovery of several historical wrecks.
 
He has also filmed underwater documentaries and worked alongside the late crocodile hunter, Steve Irwin, saying he was “a thoroughly nice person”.
 
An award-winning author, Mr Edwards has penned more than 30 novels plus a number of historical books on his home state.

“Adventure is as addictive as any drug and you don’t realise that until you look back how one thing has led to another,” Mr Edwards said

“It’s a great thrill to be acknowledged for something I enjoy doing.”
 
Mr Edwards said he was most proud of his contribution to the discovery of the Dutch ship Batavia, and uncovering one of Australia’s darkest stories of mutiny after its sinking in 1629.
 
The father of three and grandfather of five plans to release a new book next year.

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Cocaine Energy Drink launched in Australia

A CONTROVERSIAL energy drink called ‘Cocaine’ and billed overseas as being more than three times stronger than Red Bull has gone on sale in Australia.

While the drink does not contain any actual cocaine, the US and UK versions have 280mg of caffeine for every 250ml can – a concentration that is illegal in Australia and New Zealand.

Local distributors say Cocaine Energy Drink is being targeted at young people in a marketing ploy that has been roundly condemned overseas. cocaine drink

“Cocaine is synonymous with energy,” John Mancini from Wize Distributors told news.com.au.

“People over 30 or 40 have got a different view (of the word), but to anyone between 16 and 30, they go ‘I’ll try that’.”

But Paul Dillon from Drug and Alcohol Research and Training Australia said it was abhorrent that people were trading on such a controversial name.

“I find it despicable that people are importing these sorts of products,” Mr Dillon said

“I think what the public have to realise is that these people are all about making a quick buck.

“Something like this that is out there attracting attention is going to be more appealing for a certain group.”

Over the past fortnight, several shipments of the drink – originally advertised as a legal alternative to drug of the same name – have arrived from New Zealand and cans are being sold across Sydney’s western suburbs.

The Australian version of the drink contains just 80mg of caffeine per can to comply with regulations.

A spokeswoman for Food Standards Australia said that as long as the amount of caffeine in Cocaine adhered to regulations and the cans contained correct labelling, the product was legal.

The spokeswoman for Food Standards Australia said that as long as the amount of caffeine in Cocaine adhered to regulations and the cans contained correct labelling, the product was legal..

At the time New York, a city councillor called for a boycott of the drink.

“There are only two reasons that you would seek to use this infamous and insidious name to market your so-called energy drink,” councillor James Sanders said. “Either you are woefully ignorant of the horrors of cocaine addiction, or your god is the dollar bill.”

David Raynes from the UK National Drug Prevention Alliance also criticised the manufacturer soon after the launch.

“It is people exploiting drugs,” Mr Raynes said. “It is a pretty cynical tactic exploiting illegal drugs for their own benefit.

“The fact is that subliminally, it is making the image of drug use cool and that’s what kids what to be, cool.”

The drink was temporarily pulled from shelves in the US after complaints, but has since returned to sale.

www.news.com.au

My Comment :

What ever next !

I would like to see the government take it off the market.

The Distributors  are saying   ” Don’t do the drug – Do the drink ”

I say Don’t do either

What a bloody ridiculous name for a drink.

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A PERTH university student is more than $13 million richer after she presented her winning ticket this week, ten months after her numbers came up.

The Perth Student received the ticket as a gift from her father, purchased  from Beechboro Newsagency in a $50 million OZ Lotto jackpot draw on July 22, 2008.

The winning ticket was a Systems 8 Slikpik costing $8.70.

At first glance, the woman thought she had won just over $13,000 but was later informed that it was actually $13,185,273.                   dollars

“I checked the commas and decimal places and then realised,” she said.

The prize remained unclaimed for 10 months.

The woman said she only decided to check a bundle of tickets because she was worried about her family’s finances.

She was unaware of the 12-month expiry on Lotto tickets in WA.

“Something made me think to check the tickets and I thought that if I win something, then I could help Mum and Dad out,” she said.

“I always remember Mum telling me that if I won Lotto, not to start jumping up and down in the shopping centre.”

She is yet to decide what to do with the unexpected windfall.

“The people close to me will be looked after and I might give some to research or a charity of some kind. It’s nice to have this much to fulfil my dreams and the dreams of the people around me,” she said.

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The Concept Plan and Structure Plan that details how the Ocean Reef Marina site should be developed and how it should look in the future.

The concept plan has been developed using feedback and input from the Community Reference Group, Ocean Reef Marina Committee (of Council) and the Ocean Reef Marina Steering Committee.

Based on input from the above, the key issues identified in developing the Ocean Reef Marina site were the provision of: 

• An iconic marina development accessible to all residents                                   ocean reef marina plan 
• First class boating facilities and infrastructure
• Quality marine recreation facilities
• Best practice environmental conservation and preservation 

The Ocean Reef Marina development has the potential to provide the City’s residents with a world class recreational, residential, boating and tourism marina, development that encapsulates high levels of environmental sustainability, community amenity and delivers economic growth and social benefit. 

Preliminary studies and research in the areas of environmental impact and sustainability, structure planning, coastal engineering and hydrology, and financial and commercial viability have been completed and indicate that the site does have the potential for a development of this nature.

Source   www.joondalup.wa.gov.au

 

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Fertility doctors are worried they will be under pressure to implant multiple embryos into women who cannot afford ongoing treatment due to new financial safety net caps, a leading IVF specialist says

Having two embryos implanted into the uterus instead of one raises a woman’s chance of having a multiple birth, says IVF Australia chairman Professor Michael Chapman.

As part of Medicare Safety Net restrictions unveiled in Tuesday’s budget, payments for IVF will be capped at different rates for each stage of treatment once a person reaches the safety net threshold for out-of-pocket medical expenses, which is $1,111.60, or $555.70 for those on low incomes.
This could hit women with an extra $1,500 to $2,000 of out-of-pocket costs per IVF cycle.

There are also caps on safety net payments in other areas including obstetrics, varicose vein and cataract surgery.                                                        embryo

Under the changes, pregnant women who choose to see a private obstetrician will be out of pocket by $550 unless doctors lower their fees.

“That is why the government is urging women to question their doctors about their fees,” Health Minister Nicola Roxon said.

An average of $4.5 million of taxpayers’ money is paid to the top 10 per cent of IVF specialists each year.

But Prof Chapman said the government, which says it wants to crack down on specialists who charge exorbitant fees, was using the figures for political gain.

“For every doctor that gets money, there are 10 staff members, the scientists, counsellors and nurses, they get funded through the rebate,” he told AAP.

Prof Chapman said he accepted there had been a 40 per cent rise in IVF fees over the past five years but said that it was in line with general medical inflation.

Current Medicare rebates, which work out to about $4,200 per child, go towards employing about 2,000 people in private IVF clinics nationally and investing in research and facilities, Prof Chapman said.

He estimated out-of-pocket costs for patients would rise from $1,600 to between $3,000 and $3,500 when the safety net caps come into effect on July 1, 2010.

It can often take more than one IVF cycle for a woman to fall pregnant.

“Certainly, patients are going to be more out of pocket for IVF than they have been in the past,” Prof Chapman said.

He warned doctors would be under pressure to implant more than one embryo per cycle into women as a result of safety net restrictions, increasing the chance of multiple births.

“Over the last five years in Australia the twin rate has dropped dramatically because we have been able to put one embryo back,” he said.

“But if patients think they won’t be able to afford the next cycle they will put a lot of pressure on the doctor to put two embryos back.”

Ms Roxon said her department would work with medical professionals to restructure the system to better reflect stages in a treatment cycle.
www.sbs.com.au

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site_1_rand_1864622680_swan_budget_l_1205_aap

The Economy
Deficit $57.593 billion
Unemployment 8.25 per cent
Economic Growth -0.5 per cent of GDP
Inflation 1.75 per cent
First Home Owners Boost continued for six months
Small Business and General Tax Break increased to 50 per cent for order this calendar year

Infrastructure spending

A total of $22 billion including $8.5 billion for road, rail and port.
$3.2b for West Werribee to Melbourne’s Southern Cross Station
$40m towards design of Melbourne’s East-West rail tunnel
$365m for light rail corridor for the Gold Coast
$20m for planning new corridors in Brisbane
$294m to upgrade Adelaide’s Gawler line
$291m to extend Noarlunga to Seaford line
$61m to extend O-Bahn track in Adelaide
$236m towards central city section of Perth to Fremantle line
$91m for design work on Sydney West metro from Central to Westmead Road ($3.4b)
$1.5b for Hunter Expressway linking the F3 and New England Highway in NSW
$618m towards dual carriageway bypass of Kempsey on the Pacific Highway, NSW
$488m to replace 25km of Bruce Highway between Cooroy and Curra in Qld
$844m to upgrade Ipswich Motorway, Qld Ports ($389m)
$50m for Port of Darwin’s East Arm
$339m for development of common facilities at Port of Oakajee in

WA energy

$4.5b on new clean energy initiative

Education

$5.3b on tertiary education, research and innovation
$934m for 11 teaching, eight research and 12 vocational training projects
$901m for 21 research projects in space, marine, climate and nuclear science
$750m for future funding rounds of the Education Investment Fund
$491m to uncap number of university places from 2012
$437m over four years to provide university education for the disadvantaged
$500m to encourage research, development and commercialisation of ideas
$512m to help universities fund research

Health

$2.5b over five years to drive hospital and health workforce reform
$3.2b from Health and Hospitals Fund to modernise hospitals and improve cancer facilities
$121m over four years to relieve pressure on maternity services
$134m on rural health workforce strategy
Private health insurance rebate reduced for higher income earners
Medicare Levy Surcharge increased
Families

$731m over five years for paid parental leave scheme

Superannuation

Halving of salary sacrifice into super to $25,000 a year for those under 50 and to $50,000 a year for those over 50.

Cut in Government super contribution from $1,500 to $1,000 for those earning less than $60,000 a year

Aged

Pension age increased progressively to 67 years by 2023
Rate at which the pension is withdrawn with private income increased to 50 cents in the dollar
Single Pensioners to get extra $32.49 per week
Couple pensioners to get extra $10.14 per week
New $600 a year Carer Supplement for all Carer Payment recipients, on top of an increase in their pension
Carer allowance recipients to get extra $600 a year for each person in their care

Immigration

Skilled migrant intake slashed by 20 per cent
Extra $650m in funding for border protection

Public broadcasting

ABC to get extra $150m in funding over next three years
SBS to get extra $20m over next three years

www.sbs.com.au

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