Our Backyard – Aireys Inlet

Who would have thought that a virus could have such a far reaching impact on our lives?

This week the Reserve Bank of Australia announced an emergency rate cut of 0.25 of a percentage point to a new record low of just 0.50 of a percentage point in an effort to ease the economic fallout of the coronavirus.

Australia is sighted to be one of the countries most affected by the economic fallout of the coronavirus, the OECD said on Monday evening, mainly due to our strong economic ties to China.

On a more positive note, surfers were happy with the big swell that arrived over the weekend. All of the weekend warriors were out matching it with the locals as a swell much more accustomed to a winter swell helped us welcome in the first two days of autumn.

This weekend another long weekend is upon us! This time it’s the Labour Day weekend. How very Australian that we have a holiday to commemorate the implementation of the eight hour working day?

The history of Labour Day in Australia spans over a century. It is an important annual event that remembers those who struggled and succeeded to ensure decent and fair working conditions in Australia. An agreement with employees was reached in 1856 and workers welcomed the new eight hour day. Prior to that the working day was often long and arduous, where some employees would work up to 12 hours a day, six days a week.

James Worssam
james@greatoceanroadrealestate.com.au
0418 585 815

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