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10 things you need to know this morning in Australia

Monday 10 May 2021

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10 things you need to know this morning in Australia

Howdy all. It's Budget day, that most wonderful day of the year.
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ANZ now predicts unemployment will plummet by 2022 – putting pressure on the RBA's plan to keep interest rates at rock bottom

Unemployment is expected to plummet through the year and continue falling through 2023, ANZ Research states. New estimates posit Australia's labour market is rebounding from the coronavirus crisis.
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First homebuyers will soon be able to get on the ladder with 2% deposits and money from super. It'll drive prices higher, economists warn.

The Morrison government has unveiled a range of new housing policies ahead of the Federal Budget on Tuesday. It will allow first home buyers to access up to $50,000 of their super to buy a property, guarantee 10,000 loans for single parents with a 2% deposit and 10,000 more first home buyers with a 5% deposit.
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Australia's borders will stay shut until 2022, Josh Frydenberg confirms ahead of the federal budget

Australia's borders will not open until 2022, Treasurer Josh Frydenberg told The Age ahead of Tuesday's Federal Budget. The Federal Government will focus on renewing skilled migration, which it sees as essential to Australia's long-term economic recovery.
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Most international students say they are willing to quarantine and get vaccinated in order to study in Australia, according to a new survey

A new survey shows the majority of international students are willing to get vaccinated and quarantine in order to return to in-person study in Australia.
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NSW residents aged between 40 and 49 can now register their interest in the Pfizer COVID-19 vaccine – if spare doses are available

NSW residents aged between 40 and 49 can now register their interest in receiving the Pfizer COVID-19 vaccine, Premier Gladys Berejiklian announced Monday.
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Australians have been lured into Dogecoin by the prospect of enormous profits. Now the price is falling sharply.

Dogecoin, the $88 billion meme coin that has minted millionaire overnight, has swept up Australians eager to make a quick buck. New data provided to Business Insider Australia shows how interest exploded in the cryptocurrency as its price surged from less than one cent on 1 January to more than 50 cents last month.
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News Corp says it has formalised payments from Google and Facebook and is investing in subscription-driven 'hyper-local' news

Rupert Murdoch's News Corporation announced it has formalised payments from Google and Facebook. The amount the media giant is receiving from the tech giants is not public, but News Corp Australia's executive chairman Michael Miller confirmed the deals were now complete.
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Greenpeace accused AGL of being 'the biggest climate polluter' in Australia. Now the two are set to face off in court.

Greenpeace is facing off with AGL in court over its latest campaign, accusing the energy company of being "the biggest climate polluter" in Australia.
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The benefits ethical investing can have for your portfolio, according to an expert

As more stakeholders continue to shift their attention to socially responsible investments, it's worth knowing the benefits of ethical investing that go beyond moral values.

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