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On this episode of The nestegg Podcast, host Maja Garaca Djurdjevic and three experts discuss the ongoing NSW lockdown, the ins and outs of the COVID-19 Disaster Payments, and how Brisbane’s successful Olympics bid could impact equities and property.

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Steve Waters, director of Right Property Group, chats about the impact of the lockdowns on the property market, what the 2032 Olympics could mean for Brisbane’s market, and whether APRA might need to pull the handbrake to cool house price growth.

RMIT’s senior lecturer of finance, Dr Angel Zhong, delves into how the Olympics and other major events affect stock returns and what the implications are for investors.

And lastly, tax and super guru Timothy Munro talks about the near-record super returns, the COVID-19 Disaster Payments and what they mean for your super.

Have a question for our experts? Get in touch at [email protected] and you might get featured on the next episode.

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Job switching

By Louise Chan · December 27 2019

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Job switching

By Louise Chan · December 27 2019

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INFOGRAPHIC: According to the Australian Bureau of Statistics, there were 12.7 million employed individuals in Australia in February 2019. This makes up about two-thirds of the population aged 15 and over.

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Underemployment

About 1 million part-timers make up the 9 per cent (1.1 million) who are underemployed, but less than half (49.6 per cent) of underemployed workers actively looked for additional hours and income.

As of the February 2019 statistics, 45.9 per cent of part-timers have been underemployed for over a year.

Job switching

In the months leading up to February 2019, 8.5 per cent of employed persons switched their employment or business. The most job switches were done by professionals (20 per cent) and community and personal service workers (over 10 per cent).

Compared with February 2015, which registered a 7.9 per cent job-switching activity, the trend leading up to February 2019 reveals that the number of people who switch jobs continue to rise.

The only upside is that the overall levels of job switching across all professions are still low compared with the 2008 statistics.

Unemployment

Among the reported 677,000 unemployed people, 87.8 per cent said they found it difficult to find work. Commonly-cited reasons for difficulties have included insufficient work experience, transportation problems or issues with health or disability.

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About the author

Louise Chan

Louise is a content producer for Momentum Media’s nestegg who likes keeping up-to-date with all the ways people can work towards financial stability in 2019. She also enjoys turning complex information into easy-to-digest, practical tips to help those who want to achieve financial independence.