In October 2019, the results of the Australia Talks survey where more than 50,000 respondents answered numerous questions about themselves, neighbourhood, expectations and concerns was completed. As we approach a full year since the survey was undertaken, the relevance of some things has become more heightened, whilst others are likely to have slipped into the background, at least for the time being.
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So what are the positives? Well it has been very easy to write about the potential doom and gloom around the pandemic ranging from wobbly residential markets to vacant office buildings, so perhaps it is time to step back and take a look at the bigger picture.
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International students are incredibly valuable to Australia in terms of economic contributions, but also in regards to the social fabric of our communities. The nations international student cohort has grown significantly in recent decades, with State Governments, Federal Governments and private education providers working collectively to grow the industry and capitalise on the downstream economic benefits that they provide.
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Articles continue to be published decrying the death of the office market and how the new norm for white collar work revolves around working from home. Headings such as, “The office as we knew it is dead”, “The office is dead…long live the office” and even the Australian Financial Review “The Death of the office”.
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Is it time to rethink how our regional centres grow? Economically, they are incredibly important to the nation driving much of the export driven income. With many people now having the ability to telecommute, is it time Australia got serious about lifting its technology investment?
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There is that expression, if you say something for long enough, you’ll probably be proved right. This probably has more relevance to economists than most other professions, though I suspect they all have their nuances. Certainly the pandemic sweeping the world has meant that many of the things that are held as “foundations” are being questioned, apartment living is certainly one of them. So what has fundamentally changed and are these temporary or longer term issues?
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