The average incomes are heavily affected by capital gains. In Double Bay, 419 residents declared net capital gains worth $221 million or $527,000 each in the 2017-18 tax year. Four years earlier, the average capital gain in the suburb was just $73,000.
In Auburn, 249 people declared net capital gains totalling $5.1 million or $20,500 each in 2017-18.
SGS Economics and Planning partner Terry Rawnsley said the gulf between the rich and poor of both Sydney and Melbourne had been growing for the p…
Forget gold and Bitcoin. I’d buy crashing stocks right now – Motley Fool Australia
Crashing stocks could offer lower risk and higher long-term returns than other popular assets such as gold and Bitcoin in my opinion.
Crashing stocks and an uncertain economic outlook are likely to dissuade many investors from taking risks at the present time. That’s a natural response to what is set to be the most challenging period for the economy in many years, which could prompt a period of weak global growth and a prolonged recession.
Despite this, undervalued stocks can offer long-term growth potential as the world economy recovers. They may also provide greater diversity, and lower risks, than focusing your capital on …
Coronavirus Victoria: Bunnings commits to pay affected workers’ wages – NEWS.com.au
Coronavirus Victoria: Bunnings commits to pay affected workers’ wages
Aussie hardware giant Bunnings has committed to paying all its permanent employees affected by Victorias Stage Four lockdowns their full wages.The retailer will retain all its staff despite Metropolitan Melbourne being under coronavirus restrictions that mean only tradies and industry partners can enter the store. In Metropolitan Melbourne, Bunnings is still operating to the public through no-touch ‘Click & Deliver’ or ‘Drive & Collect’ services.
Bunnings said in a statement its casual …
Rio Tinto didn’t tell traditional owners there were options to save ancient Juukan Gorge rock shelters – ABC News
A federal parliamentary inquiry has heard Rio Tinto did not tell traditional owners there were three other options which would have spared the Juukan Gorge rock shelters from destruction in May.
Rio Tinto has admitted it did not tell traditional owners there were four options for blasting at Juukan Gorge, three of which did not involve the destruction of highly significant ancient rock shelters.
- Rio Tinto says it did not tell traditional owners there were four options for the Brockman 4 mine
- The option presented, which involved destroying the rock shelters, netted an extra eight million tonnes of high grade ore
- Executives did not know the high signi…
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