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S W
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Australia Roundup: Hundreds of Restaurants Close Rather Than Pay 250% Holiday tax

- Mish - Global Economic Analysis

Walked past that North Bondi restaurant on saturday evening. It was absolutely jam packed,as it always is!

As for house prices,they are just like any other market,up and down.
Maybe those dopey land developers should take a good hard look at where they are developing...nobody wants to live there.
Last year australia's annual population growth doubled from 165,000 to 330,000 with half being migrants and the other half new borns.
They all have to be housed somewhere and rentals are very tight.
The economy is strong, unemployment is low and there are plenty of jobs.

And Mish ( i like your work) but... you're off the mark here.

Commented 4098 days ago

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Beginning of the headline :It's time once again to take a look at happenings down under. Restaurants are closing en masse rather than pay double time and a half to stay open on holidays. Please consider Penalties blamed for taking high-end dining off menu. The annual survey of the 7500- member Restaurant and Catering Australia reveals a 33 per cent jump since 2011 in the numbers of restaurateurs saying they cannot afford to open on public holidays. Public holiday penalty rates require employers to pay double time and a... Read More

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