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10 things you need to know this morning in Australia

Wednesday 1 July 2020

Business Outsider

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Australian property price falls are accelerating as the country hurtles towards a 'fiscal cliff'

Australian house prices have dropped for the second month running, according to the latest CoreLogic data. Prices fell 0.7% nationally in June, after a 0.4% drop in May, with Melbourne the worst affected.
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Qantas is launching flights to Byron Bay and Orange as part of a bid to kickstart the airline's recovery and revive local tourism

Qantas is launching new flight routes to Byron Bay and Orange. The new routes are intended to boost tourism in those areas, mitigating some of the impact of the coronavirus pandemic, as well as aid the airline's recovery.
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Virgin Australia's shareholders have been warned they'll get nothing from the sale of the airline to Bain Capital

Virgin Australia's shareholders – which include five significant foreign airline groups – have been warned they will receive nothing from the sale of the airline to US private equity group Bain Capital.
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The European Union will start letting in Australian travellers – but good luck getting out of the country first

The European Union (EU) will allow Australians, as well visitors from 14 other countries, to visit again from July 1. The decision effectively reopens external borders that were shut in mid-March to stem the COVID-19 outbreak.
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Amazon claims its new robot-filled Sydney warehouse is an 'employment creator'

Amazon is building a new robotics fulfilment centre in Sydney, which the company says will create 1,500 jobs. Amazon Australia director of operations Craig Fuller told Business Insider Australia the company has been working on the project for 12 months.
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A 28-carat diamond just became the most expensive jewel ever auctioned online after selling for over $US2.1 million

On Tuesday, Christie's auctioned off the most expensive jewel ever sold on an online auction. The 28.86-carat diamond sold for over $US2 million.
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Trump still believes coronavirus will 'just disappear' as the US nears 130,000 reported deaths

President Donald Trump has repeatedly suggested coronavirus will magically "disappear" someday, but the numbers aren't on his side. "I think we're going to be very good with the coronavirus. I think at some point that's going to sort of just disappear, I hope," Trump said during an interview with Fox Business on Wednesday.
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This $69.95 cable organiser is the travel upgrade I never realised I needed

On a recent trip I was able to test out Twelve South's BookBook CaddySack, a sleek cable organiser designed to make travelling with tech less stressful.
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Scams targeting even the smallest businesses are up year-on-year. Here are the biggest ones you should know about.

Scams cost Australians hundreds of millions of dollars every year. In 2019, the dollar figure was just shy of $143 million according to Scamwatch, with 2020 already clocking in a loss of more than $52 million.

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