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10 things you need to know this morning in Australia

Wednesday 2 December 2020

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Australia is technically no longer in a recession, as the economy begins to grow again — but the latest GDP figures only tell half the story

The latest GDP figures show Australia's economy grew 3.3% in the September quarter. The data officially ends Australia's first recession in 29 years, after two consecutive quarters of negative growth.
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'Freedom day': NSW will relax COVID-19 restrictions even further from Monday, allowing more people at gatherings and in venues

New South Wales will further relax COVID-19 restrictions, including on pubs and outdoor gatherings. Outdoor private gatherings will be allowed 100 people, double the current limit, and indoor gatherings will only have to abide by a one person per two square metres rule.
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Rex will launch flights between Melbourne and Sydney from March 2021, putting it in competition with Qantas and Virgin

Regional airline Rex is launching flights between Sydney and Melbourne, going up against major airlines Virgin and Qantas. The tickets are on sale from Wednesday, with the flights kicking off from March 2021.
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This is how Atlassian plans to get to net-zero emissions by 2050 – including using renewable power and slashing business travel

Atlassian has revealed the plans it has in place to reach net zero emissions by 2050. The tech giant plans to slash emissions from business travel and ask its suppliers to set climate targets.
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Vacancy rates are still rising in Melbourne as the city struggles to fill inner-suburban apartments

Despite Melbourne's reopening, tenants are not rushing back to the inner-city. Vacancy rates largely continue to rise in the city's inner suburbs, including Stonnington, Whitehorse, Yarra, Port Phillip, and Boroondara.
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Australia's largest cryptocurrency exchange accidentally exposed the names and emails of 270,000 customers

Australian cryptocurrency exchange BTC Markets has apologised for revealing the personal details of more than 270,000 of its members earlier this week.
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These are the best 20 regional towns for Australian first homebuyers

Australians are looking to the regions, lured by affordability, lifestyle, and the recent surge in working from home arrangements. But not all are created equal, with ME Bank commissioned research ranking the top 20 towns for first homebuyers looking to make a tree change.
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How bitcoin surged to an all-time high in 2020 — while remaining as uncertain an investment as ever

Bitcoin is back - the cryptocurrency just surpassed its previous peak from December 2017. The cryptocurrency's massive rise in buzz and price in 2017 only presaged a huge slump the following year - will 2021 be different?
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The financial benefits you can claim by making simple sustainable choices in your everyday life

In the latest instalment of The Finance Glow Up, a free online seminar made in partnership with financial provider CUA, two-time podcast host and Toni May creative director Laura Byrne discussed sustainability with CUA money expert Emmanuel Davatzis. During this seminar, they spoke about the choices and changes that you, as an individual, can make to help create a more sustainable future.

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