Money
$1.4m median house price in Sydney distancing Aussies and their first home dream
Despite the global pandemic and Australia being largely cut off from the rest of the world, house prices throughout the country are soaring
Boosted by all-time low-interest rates and a lack of available properties, six cities have seen record-high prices for the third quarter in a row.
Over the last 12 months, homes in Sydney, Canberra and Darwin have risen by 20 percent in value, as experts warn the market is quickly becoming “unsustainable”.
The Domain House Price Report says the country is experiencing the perfect mix between low-interest rates, a limited number of available properties, strong demand and large government stimulus in the wake of the Covid pandemic.
This report has certified the views of some economists who say the housing market is unsustainable and out of reach for many young Australians and first-time buyers.
“This is a very unusual rate of growth. Unusual circumstances create extraordinary outcomes,” chief of research and economics Nicola Powell said.
Sydney, Australia’s most populous city, saw median house prices reach a record A$1,410,133
Sydney house prices soared by almost $1,200 a day over the June quarter, a total rise of $107,000, to a new record $1.41 million.
Prices rose more than 8 per cent over the past two quarters, a rare growth only seen three times over the past 30 years.
When compared to this time last year prices have jumped 24 per cent, a record performance that has exceeded the boom time results of 2015 and 2002.
How to position and build your own personal brand
If you’re into the world of innovative snacks and energetic entrepreneurship, you’ve likely heard of Jake Karls and Mid-Day Squares. This dynamic duo has taken the snack industry by storm, but what’s their secret, and what’s in store for the future?
Jake Karls is the co-founder of Mid-Day Squares, a brand that has carved a niche in the health and wellness market by providing delicious and nutritious chocolate bars.
He joined the Ticker Talks Growth hosts Liam Gostencnik and Tim O’Sullivan to discuss the journey of Mid-Day Squares and where they are heading next.
Watch part two of the interview here:
As LinkedIn withdraws from the Chinese market, young professionals and job seekers are turning to an unlikely platform in their quest for employment: Tinder.
This shift comes as a local news outlet recently reported the departure of LinkedIn from China.
Tinder, primarily known as a dating app, is now being repurposed by Chinese youth as a job-searching tool. Users are leveraging the platform’s network and communication features to connect with potential employers and explore career opportunities.
It appears to be a creative adaptation to fill the void left by LinkedIn, a platform renowned for professional networking.
This unconventional job-hunting trend has gained momentum, showcasing the adaptability and resourcefulness of the younger generation in China when faced with unexpected circumstances.
LinkedIn plans to maintain a certain level of presence in China, focusing on offering services to companies operating within the country. These services will facilitate hiring and training of employees based outside of China, as confirmed by a spokesperson from the company.
The importance of personal branding
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