Placeholder Content Image

Figures reveal postcodes hit hardest by COVID-19 economic fallout

<p>New figures to be released by Treasurer Josh Frydenberg reveal the postcodes most at risk amid the COVID-19 economic fallout.</p> <p>The data, seen by News Corp, has listed the <a href="https://au.finance.yahoo.com/news/jobkeeper-postcodes-claiming-most-223952219.html">postcodes claiming the most JobKeeper payments</a>.</p> <p>The Sydney (2000) CBD is the region that has claimed the financial assistance the most in the country, with 10,290 businesses receiving the $1,500 fortnightly wage subsidy for each eligible employee.</p> <p>It was followed by the Melbourne (3000) CBD region – which has 6,693 businesses claiming the subsidy – and Liverpool (2170) regions with nearly 4,000.</p> <p>Melbourne’s south west suburbs, Hoppers’ Crossing and Werribee also have more than 3,000 businesses on JobKeeper.</p> <p>In Queensland, Cairns (4870), the Brisbane CBD (4000) and Gold Coast (4217) have the highest number of businesses on JobKeeper.</p> <p><img style="width: 500px; height: 281.25px; display: block; margin-left: auto; margin-right: auto;" src="https://oversixtydev.blob.core.windows.net/media/7836461/treasury.jpg" alt="" data-udi="umb://media/90936ecf46904ec683685a5af486a076" /></p> <p style="text-align: center;"><em>Source: Treasury / Yahoo Finance Australia</em></p> <p>The figures come as the Organisation for Economic Cooperation and Development (OECD) advised Australia to <a href="https://www.abc.net.au/news/2020-06-10/coronavirus-oecd-calls-for-extension-to-jobkeeper-gdp/12340832">extend JobKeeper payments to support households and businesses</a>.</p> <p>In its latest economic outlook report, the OECD said Australia’s economy could contract by 6.3 per cent this year if there is a second wave of coronavirus infections.</p> <p>“Should widespread contagion resume, with a return of lockdowns, confidence would suffer and cash flow would be strained,” the report said.</p> <p>“Even in the absence of a second outbreak, [gross domestic product] could fall by 5 per cent in 2020.”</p> <p>After the Federal Government announced that payments to workers in childcare sector would end this month, Treasurer Josh Frydenberg said other sectors could also be removed from JobKeeper <a href="https://thenewdaily.com.au/news/coronavirus/2020/06/11/oecd-australia-jobkeeper-support/">when the finding of a review is announced on July 23</a>.</p> <p>Around 3.5 million Australians have received support from the $70 billion scheme.</p>

Money & Banking

Placeholder Content Image

New map shows postcodes that are COVID-19 free

<div class="post_body_wrapper"> <div class="post_body"> <div class="body_text "> <p>According to Peter Collignon, the first lockdown restrictions that should be relaxed are the ones that “don’t make biological sense”.</p> <p>The Australian National University infectious diseases physician spoke to<em> <a rel="noopener noreferrer" href="https://www.news.com.au/lifestyle/health/health-problems/map-shows-postcodes-that-are-coronavirusfree-and-could-be-first-to-have-restrictions-eased/news-story/139d9609120ad76f7d41843390bd28ba" target="_blank">news.com.au</a></em> about the restrictions in place.</p> <p>“Sitting on a bench by yourself, fishing by yourself, walking on a beach if it’s not crowded. Why do they matter?” he told news.com.au.</p> <p>“These things protect people’s sanity when there are going to be restrictions for a long time.”</p> <p>Aussies are currently living under strict lockdown rules in some states, but the government has flagged that restrictions could be eased in four weeks.</p> <p>However, Collignon believes that pubs will still be closed for a while, but low risk activities could be looked at.</p> <p>“A lot of things we are doing are panic reactions from seeing on television what’s happening in New York or London, where they have lost control of the infection, rather than doing what they are doing in Korea, which is a similar nation to us” he said.</p> <p>He said that the basic advice to keep 1.5 metres to 2 metres away from others and washing your hands regularly seemed to be helping to flatten the curve of new cases of COVID-19.</p> <p>“We know this works and people will keep doing this intuitively over time,” he said.</p> <p>He explained that it’s important that the rules make sense if people are expected to maintain social distancing for six months to two years.</p> <p>“A lot of people will go stir crazy if they are locked inside their houses,” he said.</p> <p>“We’ve got to work out what to do based on a nuanced approach rather than imposing what works in a place like Bondi Beach across the entire state.”</p> <p>Prime Minister Scott Morrison was asked what restrictions could be eased in an interview on <em>7:30 </em>on Thursday night.</p> <p>“Today we talked at National Cabinet in particular about things like infrastructure and how we can get some of those works moving,” he said.</p> <p>“I think what you’ll see is more people being able to work at work, that might be on a roster type basis. I mean, some of that is happening now already,” he said.</p> <p>“But what we are looking to do, and schools also come into that ultimately, and what we’re looking to do is get the pace, get the churn, the activity in the economy moving back up.</p> <p>“Because when that happens, then people’s jobs come back into play. Their incomes come back more strongly. And their reliance on the welfare system and the JobKeeper program will diminish over time.</p> <p>“The way out of this is to get on top of the virus and to get people back into work and in their incomes. When we do that, we’re winning.”</p> <p>A new mapping tool that breaks up COVID-19 cases by postcodes could also help governments decide which areas might be able to lift social distancing measures first.</p> <p>The University of Sydney developed the<span> </span><a rel="noopener noreferrer" href="https://covid19-data.sydney.edu.au/" target="_blank">interactive map</a><span> </span>using NSW Health and Australian Bureau of Statistics Data.</p> <p>“There are some areas in western NSW and northern NSW where there have been no cases recorded,” Associate Professor Adam Kamradt-Scott told news.com.au.</p> <p>“In the event that the government decides they want to start lifting or relaxing some social distancing measures, you will have the opportunity to do it, for instance, in those areas first.”</p> <p>“We felt it was important as … there was increasing anxiety that Australia would become another Italy or Spain,” he said.</p> <p>“We wanted to provide further information to the public and thought data visualisation was a good tool of communication.”</p> </div> </div> </div>

News

Placeholder Content Image

New car sticker craze you’re going to love – or hate

<p>Move over ‘My Family’ stickers, Australia is being hit with another car sticker craze that you’ll either love or hate.</p> <p>Postcode Stickers let you proudly display your town’s postcode (in your choice of colour) on your car.</p> <p>Carlo Lowden, from Torquay in Victoria, came up with the concept, and his Australian made stickers are available online or from some Australia Post outlets for $6.</p> <p>Speaking to news.com.au Mr Lowden explained that the idea was to reinforce the sense of community.</p> <p style="text-align: center;"><img width="497" height="280" src="https://oversixtydev.blob.core.windows.net/media/7265776/1_497x280.jpg" alt="1 (59)"/></p> <p>“I grew up in a small town where you used to wave to everyone when you were out buying milk, but nowadays there are so many people in town and so many people with new cars, so you don’t wave to as many people as you used to,” he said.</p> <p>“But when you see someone with your postcode on the back, you know they’re a local.”</p> <p>Mr Lowden explained that sales were strongest in smaller towns.</p> <p>“They seem to work especially in coastal towns with between 3000-15,000 people ... and in places where people love where they live.”</p> <p>From his own research, Mr Lowden found that it was almost 50-50 with people either being a “sticker lover or a hater”.</p> <p>The My Family bumper sticker creators, Gold Coast couple Monica Liebenow and Phil Barham, made millions, so the odds are good for Postcode Stickers to become the next big thing this summer.</p> <p>Would you display your postcode on the back of your car? We would love to hear your thoughts in the comments.</p>

Insurance

Our Partners