2.13am EST
02:13
Airbnb has announced plans to provide free short-term accommodation for flood-affected residents in the Northern Rivers, as pressure mounts on the company to switch its model and offer long-term rentals at market prices for homeless people.
Before the floods, the area was already suffering a housing crisis, with 2,300 homes needed to take the heat out of the market and create what would be considered a healthy vacancy rate. Now it will be felt acutely, with early calculations showing more than 2,195 houses have been rendered uninhabitable because of the floods.
More than 6,260 Airbnbs are operating in the area, according to the open source data tool Inside Airbnb. Of those, 4,006 (64%) had a high availability rate, meaning they were available to tourists most of the year and unlikely to be an owner-occupier renting out their home occasionally.
It is not clear how many of the listed properties were damaged by the floods and neither Airbnb or its competitor, Stayz, has provided those statistics.
The housing situation in the area is dire. The two evacuation centres are full and with nowhere else to go, houses are cramped, with up to three families living in the same property.
There has been pressure from local residents, advocates and some politicians for companies like Airbnb and Stayz to open their doors and offer families long term rentals. Airbnb said it was working to provide free accommodation on a temporary basis, but was yet to release the details.
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2.04am EST
02:04
South Australia to scrap density limits and reduce Covid-19 isolation requirements
Updated
at 2.08am EST
12.47am EST
00:47
China should encourage Russia to end invasion, Marise Payne tells ambassador
Updated
at 12.56am EST
12.35am EST
00:35
The end of last year saw a nice jump in the number of hours being worked, but the latest labour account figures released on Wednesday by the bureau of statistics reveal that there are now more people working multiple jobs than ever before.
Since the dark days of the pandemic in the middle of 2020, it is fair to say the economy has recovered well – and better than most economists expected.
Recessions are horrendous things that generally destroy work for many years even once the economy is back growing. The Covid recession, however, was different because it was a largely government-decided recession – people and business had to stop work and had to stop moving across borders to prevent the spread of Covid, and that was why we had a recession.
But while the job recovery has been better than expected, when we look at what type of work has grown, we see some big concerns.
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12.24am EST
00:24
Scott Morrison is “looking at” extending eligibility for extra payments to more flood victims on the New South Wales north coast, in response to anger over the decision to leave some of the hardest-hit disaster areas out.
The prime minister made the comments in Brisbane where he was planning to declare an emergency two weeks after major floods that killed 13 people and damaged thousand of homes and businesses in the south-east.
But the Queensland premier, Annastacia Palaszczuk, rejected the offer, saying it’s too late.
The federal government is also facing a backlash over its decision to extend by two weeks a $1,000 Australian government disaster recovery payment for people in the Lismore, Richmond and Clarence Valley local government areas, but not nearby Byron, Ballina and Tweed local government areas.
The deputy prime minister, Barnaby Joyce, has denied the decision was because Byron, Ballina and Tweed LGAs are not represented by a Coalition member.
Read more about the issue here: