Melbourne businesses are again facing financial stress as the entire state swells through a fourth COVID-19 lockdown, caused by yet another outbreak.
The Victorian State Government has ordered many businesses to close while others will continue to operate with heavy restrictions.
The “embarrassing” Government Support Package
$250 million has been put on the table to support organisations impacted by the lockdown, with grants between $2500 and $3500 available to successful applicants.
Industry leaders however have slammed the government for not only their response to the developing cluster, but also the “embarrassing” package offered to those having by a thread during this fourth lockdown.
Chrissie Maus, the General Manager of the Chapel Street Precinct has criticised the Governments response, and says businesses are calling the support offered to them “the nothing package”
Maus told Ticker News host Holly Stearnes that many organisations have lost “much more than a couple of grand”. She detailed that in one night alone, restaurants within her hospitality precinct are losing around $40,000, and the amount “goes up” on weekends.
The Australian Federal Governments’ employee support package, JobKeeper, expired in March, meaning businesses are now effectively paying their employees once again out of their cash flow, rather than using the wage subsidy scheme.
Thousands of employees within the hospitality sector, retail, and travel industries have been temporarily stood down, many without pay due to being casual workers.
Chrissie Maus is now calling on the government on behalf of those industries, urging more support to be offered to those that will ‘go hungry’ because of no income.
Lockdown extension looming
The Victorian Government has not ruled out an extension of the lockdown, stating the next days are “critical”.
Health Authorities confirmed the virus was continuing to spread across the city, with the amount of active cases sitting at over 50.
Authorities hold great concern for the aged care sector after a worker tested positive to coronavirus.
Australia’s multimillion-dollar campaign to attract Hollywood productions to its shores appears to be paying off.
The allure of Australia lies not only in its picturesque locations but also in its competitive financial incentives.
The government offers generous rebates and tax breaks to international productions, making it an attractive proposition for filmmakers looking to maximise their budgets.
Despite the recent intake of Hollywood productions down under such as ‘The Fall Guy’ and ‘Furiosa: A Mad Max Saga’, Aussie independents are still finding the space to carve their own creative path.
Rob Fantozzi joined the program to discuss the latest in Hollywood, and showcased his own upcoming project – ‘Omerta‘. #featured
An international video portal has been forced to shut down after an OnlyFans model reportedly flashed passersby from across the globe.
On this episode of Ahron and Mike Live – Which would you prefer; pay rise or work perks, an international portal closes, the military reveal a submarine stingray and are you on a top or bottom burger bun?
Ticker’s Ahron Young & Mike Loder discuss. #featured #trending
American home prices are rising at faster pace now than in the last 20-years.
A recent analysis reveals a jaw dropping surge in the cost of American homes.
Since the start of 2020, U.S. home prices have surged 47% easily outstripping the gains seen in recent decades.
On top of that, home price growth so far this decade is on the verge of surpassing all the growth seen in the 2000s.
Many experts believe this decade’s housing market frenzy was ignited by a perfect storm — the onset of the COVID-19 pandemic triggering an unprecedented rush among buyers.
Tom Hutchens, the Executive Vice President of Production at Angel Oak Mortgage Solutions joins Veronica Dudo to discuss.
#IN AMERICA TODAY #economy #housing #housingmarket #homeprices #homesales #inflation #trending