A mask-wearing couple walk past a vacant shopfront offering 3 months free rent as an incentive for prospective tenants.
A remanent sign, from the height of lockdown, in the window of a cafe gone bust.
With businesses being driven to the wall as a result of the COVID-19 pandemic, commercial properties around the world are seeing record vacancies. Residential properties, super funds, small businesses and workers, in particular, are feeling the knock-on effects of this downturn.
Today, in an attempt to stimulate the economy, the Australian government handed down what is generally seen as a business-focussed budget. Tax cuts are a central pillar of the budget, most of which will be directed towards people earning above $100,000. The budget will see the largest deficit recorded in history and hinges on a vaccine being developed and rolled out before July next year.
*Click on image for full screen view
^This post has embedded links to further information
