PODCAST: Mark Pownall and Mark Beyer discuss the virus impact and policy response, live sheep, industrial relations shift, COAG, investors lose $200m, Michelle Fyfe, and our special report on law firms.
Almost all businesses will be able to reopen in Western Australia next weekend, as the state becomes the first in the country to reduce the four square metre rule, and gatherings of up to 100 people will be allowed.
Gold pared gains overnight, having risen 1 per cent earlier in the session, pressured by an advance in Wall Street, but escalating tensions between the United States and China kept the bullion supported.
The state’s property market was on the cusp of recovery pre COVID-19 according to CoreLogic, which recorded four consecutive months of Perth dwelling value increases in early 2020 – the longest stretch of capital growth since 2014.
A 3.1 per cent contraction of Western Australia’s economy is anticipated in the 2021 financial year, following a 5 per cent fall in the current quarter, but Treasurer Ben Wyatt is more optimistic about the pace of recovery than he was two months ago.