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After an initial period of extreme uncertainty, the rhetoric around the Australian property market appears to have shifted into a new phase in response to the ongoing coronavirus pandemic.

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On this episode of The nestegg Podcast, host Grace Ormsby is joined by the founder and CEO of Upside Realty, Adam Rigby, to delve into how COVID-19 has been affecting different demographics within the property sector, including renters, landlords, investors and retirees.

Adam touches on the pros and cons of potentially removing stamp duty, his predictions for marketplace trends over the coming months, and the importance of picking quality over timing when considering an investment.

Thanks Adam, for sharing your insights with the nestegg podcast team!

You can keep up to date with what Upside Realty are up to HERE

Have an investment story to share? Get in touch at [email protected] and you might get featured on the next episode.

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Tuesday, 02 June 2020

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What’s the go with working from home?

By Grace Ormsby · March 13 2020

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Earn

What’s the go with working from home?

By Grace Ormsby
March 13 2020

Reading:

What’s the go with working from home?

By Grace Ormsby · March 13 2020

Reading:

Given current world events, there’s been a huge surge in interest around working from home — so, is taking such a stance a hassle? Or good for our health?

A change to the location of work is just one example of a flexible working arrangement, according to the Fair Work Ombudsman.

Normally, if an employee has worked with the same employer for at least 12 months, and they fulfil any number of prescribed categories, they can request to enter a flexible working arrangement that can’t be knocked back by their employer unless it’s for “reasonable business grounds”.

In 2020, a lot of employers are automatically offering flexible work benefits as part of their employment packages, while others are implementing work-from-home practices and policies in an effort to combat potential COVID-19 infections and proactively practice social distancing.

According to an evidence summary on social distancing, from Evidence compendium and advice on social distancing and other related measures for response to an influenza pandemic found through the Australian government’s Department of Health website, workplace-related interventions like work closure and working from home are “modestly effective”, as well as being acceptable or even popular among employees.

“Working from home is potentially moderately effective in reducing transmission of influenza.”

It cited a Japanese study which saw a workplace policy of being able to remain at home on full pay reduced the overall risk of infection during the 2009 influenza pandemic by about 20 per cent.

It also noted a US study that concluded teleworking when a family member is affected may reduce the risk of acquisition of severe influenza symptoms among employees by about 30 per cent.

If you do work from home, you need to ensure you aren’t compromising your ability to carry out your work safely.

Here are some tips to stay healthy from home:

1. Make sure you have a dedicated work space

Your home work location should be a suitable physical environment with adequate furniture, equipment and lighting. Use a suitable chair, and make sure you have a desk space that is both big enough and at an appropriate height.

2. Get rid of the clutter

Clutter can be as distracting as it can be dangerous. Keep pets in other rooms or outside, and make sure you aren’t going to trip on electrical cords or belongings.

3. Structure your day

Just because you are at home doesn’t mean your routine needs to go out the window! Structure your day as you normally would — don’t keep jumping up and down to get snacks or a coffee just because you want to take a look at the pantry — unless you do this on a normal day at work!

4. Keep up the contact

Chances are, your colleagues are feeling the same way about working from home as you are!

Everyone needs a vent, and just because you aren’t physically seeing them in the office doesn’t mean you can’t still keep up the water-cooler talk!

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About the author

Grace Ormsby

Grace is a journalist on Momentum Media's nestegg. She enjoys being able to provide easy to digest information and practical tips for Australians with regard to their wealth, as well as having a platform on which to engage leading experts and commentators and leverage their insight.