More than 40 per cent of NSW firms say skill shortages are taking a toll on their business as economic disruptions caused by the pandemic-induced slump in overseas migration become increasingly apparent.
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Murders are up 14% and non-fatal shootings up 8% according to the latest numbers from Baltimore police.
So what will it take to stop the violence?
This weekend was a Ceasefire Weekend in Baltimore City. Unfortunately it did not cease city violence.
This call for peace coming after an especially violent few days.
The latest numbers released by police are from last Saturday showing 100 murders this year and 196 non-fatal shootings.
Since last Saturday though, 10 more people have been killed in Baltimore.
110 people are dead just in the first five months of the year.
“It’s not the case that we can just stop the crime problem by going away from policing. We’ve been doing that for 10 years and it’s just not working,” says Stephen Walters, the chief economist with the Maryland Public Policy Institute.
Converting empty offices into apartments is back on the agenda, with New South Wales chief economist Stephen Walters suggesting it could be a solution to revitalising a floundering city centre. There are murmurs from developers in other cities too.
However, leading design industry practitioners say the only Australian office buildings viable for conversion to residential flats were built before the 1980s.
Pradolinâs organisation has been using vacant buildings awaiting development approval as âpop upâ housing shelters, but he concedes that âif itâs an existing office building thatâs B- or C-grade, the highest and best use is still probably [an] office buildingâ.
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at 10:00 am on April 27, 2021 | 6 comments
Last week we published domain data showing that inner-Melbourne apartment rents have collapsed, falling by between 16% and 30% in the year to March 2021:
Inner-city apartment rents have collapsed across Melbourne.
Shortly after it was revealed that many investors had dumped their Melbourne apartment holdings, taking losses of 30% to 40% in the process.
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The reason for the falls is obvious: the collapse of immigration and international students has cratered demand and driven up vacancy rates. And the situation is unlikely to reverse until immigration is rebooted.