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- Business Company News, General News
- 22/11/2024
- 06:04
Multi-Million-Dollar Collapsed Sporting Goods Auction From $1
T&R Sports, once one of the nation’s leading suppliers of recreational and sporting equipment, has entered liquidation, sparking a massive multi-million-dollar national auction event.…
- Contains:
- Political, Property Real Estate
- 22/11/2024
- 06:03
Melbourne second most affordable city despite plummeting rental affordability
Rental affordability has continued to plummet with previously ‘affordable’ areas across Melbourne vanishing, with low income earners bearing the brunt of the crisis, according to the tenth annual National Shelter-SGS Economics and Planning Rental Affordability Index released today. The Index shows rental affordability in Melbourne is still declining, dropping a further six per cent in the year to 2024, after plummeting 10 per cent in the previous year. The trend of improving affordability between 2017 and 2021 has reversed, offsetting all gains made during the pandemic. The average rental property in Melbourne costs 25 per cent of the average household…
- Government QLD
- 22/11/2024
- 06:03
Rental affordability plunges to record lows across Australia
Rental affordability has plunged to record lows in almost every capital city and region, with low income renters bearing the harshest brunt of the crisis, according to the tenth annual National Shelter-SGS Economics and PlanningRental Affordability Indexreleased today. The Index highlights an increasingly dire situation. For single JobSeekers and part-time workers receiving a parenting payment, every city and rest of state area is now classed as severely unaffordable or worse. There is also nowhere affordable for pensioners and only regional South Australia is affordable for a single hospitality worker. Sydney, Melbourne, Brisbane, Perth and Adelaide all recorded their worst affordability…
- Political, Property Real Estate
- 22/11/2024
- 06:02
Above-average income households struggle as Adelaide’s rental affordability hits record low
Low-income earners are bearing the brunt of Adelaide’s rental affordability crisis, which has hit a record-low, according to the tenth annual National Shelter-SGS Economics and Planning Rental Affordability Index. Released today, the Index revealed low-income earners in Adelaide are facing increasing hardship as rental affordability continues to decline. People who are single and on JobSeeker are facing ‘critically unaffordable’ rents, while those on the Age Pension or working as a single parent are met with ‘severely unaffordable’ rents. The city has hit a record low RAI score of 101, showing that people on low incomes simply cannot afford to rent…
- Political, Property Real Estate
- 22/11/2024
- 06:02
Rental affordability in regional Victoria hits ‘historic’ low
Rental affordability across regional Victoria is continuing to rapidly decline, hitting a historic low in 2024 with low income earners bearing the brunt of the crisis, according to the tenth annual National Shelter-SGS Economics and Planning Rental Affordability Index released today. The average rental household in regional Victoria is now paying 28 per cent of the gross income of $84,203 if renting at the median rate. Renting in the region is now classed as ‘moderately unaffordable, with a score of 108. People on low incomes are suffering the most, with a single person on JobSeeker facing ‘extremely unaffordable’ rents, with…
- Political, Property Real Estate
- 22/11/2024
- 06:02
Low-income earners hit hardest in Tasmania’s rental crisis
Low-income earners across Tasmania are bearing the brunt of the state’s rental crisis, according to the tenth annual National Shelter-SGS Economics and Planning Rental Affordability Index. The landmark annual study, released today, cross references incomes against rents and shows Tasmania’s most vulnerable households - those on pensions, JobSeeker or low-wage work - face a dire rental crisis with Unaffordable rents across the entire state. Rents in Hobart remained stable in the past year, rising just 2.1 per cent, but this does not offset the rapid rise in costs over the past several years. Since 2016, the median rental rate in…
- Political, Property Real Estate
- 22/11/2024
- 06:01
Low income earners suffer as rental affordability in regional NSW hits historic low
Regional NSW is no longer a reprieve for Sydneysiders looking to escape skyrocketing rents in the city, with affordability in the regions hitting record lows, according to the tenth annual National Shelter-SGS Economics and Planning Rental Affordability Index released today. Low income earners are bearing the brunt of the rental crisis with single JobSeekers facing Extremely Unaffordable rents, with 69 per cent of their income going towards rent. Single part-time workers on parent benefits are also struggling with Extremely Unaffordable rents, sacrificing 56 per cent of their income to rent. The average rental household in regional NSW is now paying…
- Political, Property Real Estate
- 22/11/2024
- 06:01
Sydney rental prices highest in country as rental affordability hits record low
Rental affordability has hit record lows in Sydney with low-income earners bearing the brunt of the crisis, according to the tenth annual National Shelter-SGS Economics and Planning Rental Affordability Index. The study, which was released today, compares rents to average incomes and revealed rents in Greater Sydney are significantly higher than any other region in Australia. While the median rental price in Sydney increased 10.8 per cent, raising $70 to $720 in the year through to June 2024, the average rental household income only increased by 5.5 per cent. Over the past three years, Sydney has seen a drop in…
- Medical Health Aged Care
- 22/11/2024
- 06:00
Largest-ever global study of bloodstream infection reveals long courses of antibiotics in hospital may not be required
An international clinical trial involving Monash researchers – of more than 3600 patients in 74 hospitals – has shown that a traditional long course of antibiotics for bloodstream infection are not necessary. Associate Professor Benjamin Rogers, from Monash’s Centre for Inflammatory Diseases and Monash Health, said deaths from bloodstream infection totalled around three million deaths per year globally and was a serious, life-threatening condition, so the “tradition” for decades has been to administer longer treatments. “Patients with bloodstream infections are often very sick at diagnosis and even with rapid administration of antibiotics they may take a while to start improving,”…
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