10 things you need to know this morning in Australia

G'day team. A bit happened yesterday.

Most shops will close in Melbourne under stage four restrictions, with the exception of supermarkets and other essential businesses

The majority of retail stores will close in Melbourne for six weeks from 11:59pm on Wednesday night, under Victoria's stage four restrictions. Exceptions include supermarkets, grocery stores, bottle shops, pharmacies, petrol stations, banks, news agencies and post offices.

The federal government will establish a pandemic leave disaster fund for Australians who need to self-isolate but have no sick leave or other income support

Prime Minister Scott Morrison has announced the establishment of a pandemic leave disaster fund for Australians who need to self-isolate for 14 days but do not have any leave and are not receiving other income support.

Melbourne house prices are tipped to sink until 2022, as Australian property continues to slide downward

National property prices sank 0.6% in July, with capital city properties plunging 2% over the last three months, according to CoreLogic. The decline has been led by Melbourne where prices falls are only accelerating amid rising coronavirus cases and heavier restrictions on residents.

Australia's job recovery is losing momentum as Victoria enters stage four lockdown. Economists are urging the federal government to do more.

Jobs continued to bounce back in July, but its trajectory upwards has slowed considerably in the latest report from ANZ Bank. "The second wave of COVID-19 cases and return to Stage 3 restrictions in Melbourne and the Mitchell Shire have undoubtedly weighed on the recovery in labour demand so far," senior economist Catherine Birch said.

Victoria is officially in a 'state of disaster' and Melbourne is under stage four lockdowns. Here's where each state and territory are with coronavirus restrictions.

Australian states and territories are continuing to lift their coronavirus-related restrictions but Victoria has declared a State of Disaster. It comes after Prime Minister announced a three-step plan for easing restrictions in the country.

'We know that many girls struggle to afford menstrual products': Victoria is the first Australian state or territory to provide free pads and tampons in public schools

Victoria is the first state or territory in Australia to provide free pads and tampons in government schools. This was done as a way to reduce the stigma around periods and ease the financial burden it can have on families.

Hundreds of billionaires pledged to give their fortunes away through Warren Buffett and Bill Gates' Giving Pledge, but very little money may be actually helping people, according to a new study

Over 75% of the original signatories to Bill Gates and Warren Buffett's Giving Pledge - a promise to give away the majority of their wealth - are richer now than they were when they signed in 2010, a new report by the progressive think tank Institute for Policy Studies (IPS) found.

Elon Musk says Tesla will create a normal pickup truck if the Cybertruck doesn't sell, as a 'fallback strategy'

Despite hundreds of thousands of Cybertruck pre-orders, Elon Musk told Automotive News that Tesla will build a "normal truck, no problem" if people don't buy the unique design.

How studying online can reduce costs and avoid assessment deadlines

There are upsides to revisiting uni when you're further along in life. For one, you'll likely have a clearer direction than you did fresh out of high school, and people who continue their studies after being in the workforce tend to have an actual goal in mind.

Unsubscribe • Email to a Friend • Privacy Policy

Business Outsider