Australians are following the lead of chocolate and chip manufacturers, using shrinkflation to deal with the spiralling cost of building a new home. Instead of super-sized ovens or high-end mixer taps, people are building slightly smaller kitchens and bathrooms and installing cheaper whitegoods or more affordable fittings. And, after one of the longest run-up in construction costs in decades, there are now signs builders are finally cutting their overall prices, with discounts of up to $20,000 on new homes in Sydney to get prospective buyers into a new property. Read the full story by Shane Wright: https://lnkd.in/gmi7WAG8 #shrinkflation #sydneyhousing
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"If we ever needed a reminder of the weird world that is Sydney schooling, it was the spectacle of parents hacking the NSW Department of Education’s website in a desperate bid to discover whether their prized offspring had secured a prized position in a prized selective school," writes state political editor Alexandra Smith. Selective schooling is a quirk of education in NSW. In the mid-1980s, there were seven selective schools in the state. Since then, about 40 more have opened. No other state has nearly as many. Victoria has four. Read the full opinion piece: https://lnkd.in/dZ5RgUuP #selectiveschools #nswschools #australianeducation
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New international student numbers will be limited to 270,000 next year, with Sydney University and UNSW likely to have their new overseas enrolments slashed by more than 40 per cent compared to this year. Read more: https://lnkd.in/gk_TA4UU #tertiaryeducation #australianuniversities #internationalstudents
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The family behind Boost Juice has engineered a frozen yoghurt revival and turned Yo-Chi into Australia’s fastest-growing dessert chain. None of the stores in Yo-Chi’s network are franchised, nor are there plans to turn them into one; extended family members can be found in various parts of the business. To describe the self-serve frozen yoghurt and acai bar as popular is something of an understatement: many who love the product, ranging from schoolkids to their intrigued parents, also rue the lengthy queues that wrap the block on Friday and Saturday nights. Read the full story by Jessica Yun: https://lnkd.in/dUieNtfJ #yochi #foodbusiness #australianfood
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Are you up to running a small business? In the first of a six-part series, founders share the emotional and tactical strengths you need to secure the long-term growth of your business. It’s time to ink a bona fide business plan that nails down some of the most basic questions about your operation. “When someone leaves their job [to start a business], what are they actually going to be doing on day one?” BDO Australia partner Mark Pizzacalla asks. Read the full story: https://lnkd.in/gWmPuusc #smallbusiness #founder
Are you up to running a small business?
smh.com.au
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More than half a million Australians bought a home in 2021 during the COVID property boom, but there has been less growth in the value of those homes than for people who waited a year, new analysis reveals. CoreLogic head of Australian research Eliza Owen said a perfect storm of market influences whipped buyers into a “frenzy”. “Many Australians were incentivised to buy in 2021 because interest rates were low and values were rising quickly … and the HomeBuilder incentive was also in play for the first four months of the year. But there’s also a winners’ curse associated with buying in the hot market," she said. Read the full story by Jim Malo: https://lnkd.in/gjiyZVTQ #propertymarket #australianhousing
‘Better off waiting’: When you should have bought a house
smh.com.au
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"Coles is a very large company, so quoting $1.1 billion in net profit as proof of price gouging is ludicrous," writes Elizabeth Knight. Foiling thieves contributed $80 million to #Coles earnings in the second half of the financial year. In the same period last year, Coles lost twice that amount to theft. Successfully reducing its costs was also an important element in the mix that helped the supermarket division report a pre-tax profit improvement of about 10 per cent. Read more: #earnings #supermarkets
How thwarting thieves (rather than ‘stealing’ from customers) boosted Coles profit
smh.com.au
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New international student enrolments will be capped at 270,000 next year in federal government reforms, with large metropolitan universities with a high concentration of foreign students and private colleges to be most affected. Education Minister Jason Clare said the overall number of new international students next year would be roughly the same as in 2023, but students would be more evenly spread across the cities and regions, as he rejected claims the caps would destroy Australia’s higher education sector. Read the full story by Natassia Chrysanthos and Daniella White: https://lnkd.in/g5K83UzX #australianuniversities #internationalstudents
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Construction work is grinding to a halt as thousands of workers walk off the job, risking fines after the #CFMEU was placed into administration. Rallies are being held across the country. The action follows the Building Bad investigation by the Sydney Morning Herald, The Age, The Australian Financial Review and 60 Minutes, which aired allegations of corruption, coercion and bikie infiltration in the union. Follow our live coverage: https://lnkd.in/gwUUJ54H
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From today, workers across Australia can refuse to monitor, read or respond to work communication outside paid hours – unless doing so is unreasonable – as the federal government’s workplace reforms come into force. Small businesses with fewer than 15 employees will not be subject to these laws until August 2025. What are your thoughts on this legislation? From our Opinion desk: - Employers cannot afford to ignore the right to disconnect because their savvy employees, especially those who are unionised, definitely won’t. https://lnkd.in/g3MPA-vK - Employers have been the big winners from ‘availability creep’. The right to disconnect simply recalibrates the workplace balance. https://lnkd.in/gFWXjZ_e
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