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COVID-19, natural disasters disrupt 2019/20 vehicle use: Australia
The distance travelled by passenger vehicles, motor cycles and buses fell markedly during the natural disasters and COVID-19 pandemic experienced across Australia in 2019/20, according to the latest Australian Bureau of Statistics (ABS) figures released today.
Rob Walter, Director of Physical Environment Statistical Solutions said: “During the periods of floods, bushfires and COVID-19, passenger vehicle usage across Australia decreased markedly in 2020. The average distance travelled by Australian passenger vehicles in 2020 was 11,100 km, down from 12,600km in 2018”, he said.
Although the distance travelled by Australia’s passenger vehicles fell this year, the estimated number of vehicles registered rose from 19.0 million in 2018 to 19.8 million in 2020.
Household wealth hits new high as property surges
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Total household wealth increased to a record high of $11.4 trillion in the September quarter, driven by record growth in deposits and an increase in residential assets, according to the ABS.
According to the
Australian National Accounts: Finance and Wealth, released by the Australian Bureau of Statistics (ABS), household wealth hit a new high in the three months to September 2020.
Household wealth – which comprises non-financial assets (such as land and dwellings), as well as financial assets (savings accounts, superannuation, shares etc) and liabilities (such as loans) – increased by 1.7 per cent, or $186.8 billion, in the September quarter, reaching a new record high of $11.4 trillion.
Are Aussies up for another credit tightening?
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Bianca Dabu
Bianca Dabu
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Housing debt comprises most of the debt held by households, putting home owners at risk as debt levels reach a 30-year high. Could this trigger another round of credit tightening?
According to CoreLogic’s latest Property Pulse from November 2020, housing debt comprises around 76 per cent of overall household debt. Looking back 30 years ago, housing debt comprised a much smaller 46 per cent of overall household debt.
Recent figures from the Australian Bureau of Statistics also show that the median value of debt held against owner-occupied dwellings was $102,600, compared with a median debt level of $5,000 for student loans, $3,000 on credit cards and $3,700 on car loans.
The New South Wales lockdown could cost retailers more than $360 million a week, disrupting their busiest time of year Matthew Cranston, AFR As a cluster of COVID-19 cases continues to grow, Sydney s streets are emptying out. (Lee Hulsman, Getty Images)
Hotspot lockdowns and restrictions in Sydney as well as reinstated border closures are set to wipe off as much as $360 million in retail sales a week in what is traditionally the busiest time for shopping during the year, bank transaction data predicts.
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Evidence from South Australia s brief lockdown in November also points to another hit to job hiring in NSW due to the tighter rules.
Kmart has released a home projector that casts colourful stars onto the ceiling
At $69, the machine is a fraction of the price of other models on the market
Similar projectors will set you back anywhere from $80 to a whopping $550
One man shared photos of his room and couldn t believe they really work
Hundreds of Australians have put star projectors on their Christmas wish lists