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MacroBusiness Access Subscriber Only Content Via Domain: UNITS – MEDIAN WEEKLY ASKING RENT Capital Source: Domain Rent Report, December quarter 2020 Capital City 4.8% Another very good reason why Sydney and Melbourne are going to lag the global property recovery materially. That said, it is reasonable to expect a sharp rebound in ex-Chinese tourists and international students through H2 this year which will bring the adjustment to an end. David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding pu...

MacroBusiness Access Subscriber Only Content Migrant workers in Sydney are being systematically underpaid and a union analysis of more than 3000 foreign-language job ads reveals offers of illegally low wages as low as $8 an hour are rife. The analysis of Chinese, Spanish, Korean, Vietnamese, Nepalese and Portuguese ads from December 2019 until last August in NSW found 88 per cent of the ads in community websites, Facebook pages and media outlets offered wages below industry minimums. Unions NSW is using the data to push for the labour movement to be given powers to enter workplaces and inspec...