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10 things you need to know this morning in Australia

Thursday 3 September 2020

Business Outsider

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Australia's population is growing at its slowest pace since 1917. Here's what it means for the property market.

Australia's population will grow by just 0.6% this year, a level not seen since 1917. With the number of migrants entering the country expected to fall by 200,000 over the next 12 months, demand for property is expected to fall.
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Influencers are more effective than people realise, according to a new report on Australians' social media habits

A survey of more than 3,000 Australians found that nearly two-thirds of small and medium businesses who use influencer marketing are satisfied with the results.
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These are the 12 Australian universities which made the top 200 in the Times Higher Education World University Rankings

The Times Higher Education World University Rankings 2021 list has been released, with 12 Australian universities among the top 200 in the world.
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The pros and cons of axing stamp duty in Australia

Stamp duty has been thrust centre stage of COVID-19 economic reforms, as one of the most unpopular taxes in Australia faces a major overhaul. Stamp duty, paid whenever a property is purchased in Australia, is one of the biggest revenue sources for the state governments. More than $7 billion in stamp duty was added into NSW's state coffers in the 2019-2020 financial year, while Victoria collected $6 billion in land transfer duty in 2018-19, the latest data from the states' revenue departments showed.
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Buy now, pay later darlings like Afterpay have convinced a Senate inquiry that they don't need to be regulated, despite concerns

The Senate Fintech Inquiry has handed down its interim report, indicating that buy now, pay later platforms won't be subject to further regulation.
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SpaceX says its Starlink satellite internet can download 100 megabits per second, and 'space lasers' transfer data between satellites

In private beta testing of its Starlink internet satellites, SpaceX says it has found low latency and high download speeds of 100 megabits per second.
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Rolex just revamped its most iconic watch for the first time in nearly a decade — take a look

Rolex just unveiled the latest additions to its Oyster Perpetual watch collection. The collection includes a new Oyster Perpetual Submariner and an Oyster Perpetual Submariner Date, each redesigned with calibre 3230 and calibre 3235 respectively.
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For $9,400 per night, travellers can live like a Japanese warlord in the country's first-ever castle hotel

Travellers can now rent out one of the few remaining castles from Japan's Edo period for a day and night. Restored in 2004 and located on a hilltop in western Japan's Ehime prefecture, Ozu Castle looks much the same as it did 400 years ago when it was occupied by feudal lords.
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A bull market means that stocks are rising, but it pays to understand how it works before you charge

A bull market is an extended period when prices for stocks or other assets are steadily on the rise. Bull markets are usually accompanied by high investor confidence and a strong overall economy.

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