10 things you need to know this morning in Australia

Hello folks. In the news today: coronavirus. Oh, you thought I'd have something different for you? Too bad.

'A mass exodus': Australia is seeing residential vacancy rates soar in its capital cities, putting pressure on rents

Sydney CBD has hit its highest vacancy rate on record, with the percentage of empty residences more than doubling over the last month to 13.8%. It's the most acute aspect of what SQM Research managing director Louis Christopher calls "a mass exodus" being observed nationwide as the number of vacancies soars.

Australian restaurants share how they plan to reopen for sit-in dining, as state governments roll back COVID-19 restrictions

Some restaurants have announced plans to reopen after state governments allowed up to 10 people to gather in restaurants. Lucky Penny in Victoria and Palate Restaurant in New South Wales are among the restaurants to reopen.

Westpac is tightening borrowing capacity for self-employed customers, as it aims to reduce risk amid the coronavirus pandemic

Westpac is tightening borrowing capacity for self-employed customers and people living in areas that are dependent on tourism, a move aimed at reducing risks sparked by the coronavirus pandemic.

The parent company of Peter Alexander, Jay Jays and Just Jeans is reopening its stores on May 15

Premier Investments, the parent company of Peter Alexander, Jay Jays and Just Jeans is reopening its Australian stores from Friday May 15. It comes after the company was forced to close its stores amid the coronavirus pandemic.

It's estimated 40% of startups have just three months to live – but Australian VCs say there's never been a better time to invest

As the coronavirus threatens businesses of all sizes, there's never been a greater demand for investment to shore up capital positions, with nearly $15 billion raised on the ASX in 2020 so far.

Regional airline Rex says it will spend $200 million to fly between Australia's capital cities, sticking it to Qantas and Virgin

Australian airline Regional Express (Rex) will raise $200 million to create a new serice flying between capital cities, not just to them, the AFR has reported.

Uber cofounder Travis Kalanick dropped $43.3 million on a Los Angeles estate with a 7-bedroom mansion and a 7,000-bottle wine cellar. Take a look inside the property.

Uber cofounder Travis Kalanick bought a lavish Los Angeles estate for $US43.3 million in April, Katherine Clarke reported for The Wall Street Journal.

26 of the most influential books ever written about business

Reading is an important common denominator amongst many of the biggest names in business. It's a fast way to acquire new information, think creatively, and diversify your perspective.

Many Australians are turning to further education during their time in isolation – and these people are proof a career change is possible

As LinkedIn Learning has seen a 15% increase in the number of people using the service, it's safe to suggest that the desire to upskill during lockdown is at the forefront of many Australians' minds.

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