Picking up the pandemic pieces
Reports this morning say the Morrison Government will today announce a $1.2 billion support package for Australian tourism that will include halving the price of nearly 800,000 airline tickets. Between April and July, 13 regions that normally rely on international visitors – places like Cairns and Kangaroo Island – will hope to see Aussie tourists pour in. Good for airlines and tourists, good for struggling local economies, Deputy Prime Minister Michael McCormack says. Speaking of struggling economies, record low-interest rates are part of the Reserve Bank’s response to help kick things into gear. One side effect: the recent spike in housing prices. Reserve Bank Governor Philip Lowe yesterday said other things are at play, including large government incentives for first-home buyers and home builders. He’s keeping an eye on it, but says the 0.1% official interest rate will be around for a while.
The Squiz Today
Your shortcut to being informed, we've got your news needs covered.
Also Making News
Get the Squiz Today newsletter
Quick, agenda-free news that doesn't take itself too seriously. Get on it.