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10 things you need to know this morning in Australia

Thursday 1 October 2020

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Right now there are nearly 5 unemployed Australians for every job vacancy — and that's the good news

The latest ABS figures show unemployed Australians outnumber available jobs nearly five to one. It shows the job market is improving, with the ratio down from over seven in the early part of the pandemic.
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Melbourne and Sydney are dragging property prices lower, as the rest of the country bounces back up

National property prices fell in Australia on a technicality in September, distorted by big declines in Melbourne and Sydney. Melbourne values plummeted 0.9% over the month, marking a 5.5% fall since March, and Sydney recorded another 0.3% fall.
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Flight Centre is closing another 90 stores as border restrictions continue to shatter the travel industry

Flight Centre is closing around 90 stores. The company is continuing to struggle through border closures trigged by the pandemic. Around 4000 workers have been made redundant in Australia over the last six months.
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Australian home buyers will get a sneak peek of properties before they're listed, as Domain wades into off-market alerts

From Thursday, Domain will begin issuing alerts for off-market properties. The property group says the feature will give buyers a "competitive edge" in finding their next home, and removes the time it takes for sellers to gauge interest.
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'We think that we have been saved': Vegan restaurant Lentil As Anything surpasses its initial $150,000 fundraising target to stave off administration

Local Australian restaurant Lentil As Anything launched a fundraiser to save it from collapsing into administration. The organisation runs on a 'pay-as-you-feel' model and provides a food relief program.
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'An unfortunate backward step': The screen industry slams the federal government's changes to content requirements for broadcasters

The Australian screen industry is fighting back against the federal government's changes to content requirements. On Wednesday communications minister Paul Fletcher announced that streaming services will have to report to the Australian Communications and Media Authority while subscription television channels have their Australian content spend reduced from 10% to 5%.
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A leading Silicon Valley exec says Big Tech prioritised lower costs over employees' wellbeing, and it's created a feudalist system where workers are left to fend for themselves

Maƫlle Gavet is a leading Silicon Valley executive, entrepreneur, investor, and most recently, the chief operating officer at real estate platform Compass.
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The 30 best-selling cocktails in the world in 2020

Drinks International has released its annual list of the best-selling cocktails in the world for 2020. This year's winners include classic cocktails as well as boozy favourites like the Daiquiri, Manhattan, and Gimlet.
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Captions only used to appear on free-to-air TV. Here's how one company saw a gap in the market and reached out to more Australians with a hearing impairment

For Australians living with a hearing impairment, captions are crucial to everyday life. And while captions have been commonplace on TV for decades, it's been a slower process introducing them to other platforms outside of regular broadcasting.

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