Almost 1 million Australians work multiple jobs under cost-of-living pressure
Almost 1 million Australians work multiple jobs under cost-of-living pressure
Published 17 June 2025, 10:57 am
Record numbers of Australians are supplementing their income with side hustles and multiple jobs according to the Australian Tax Office, who is now reminding people to include any extra income in their tax return. The side hustle – a passion project, or an additional job to earn extra cash – has become a vital income stream for some, but means some Australians are sacrificing rest, health and family time to survive financially.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Canberra Times
3 hours ago
- Canberra Times
Thai police arrest 13 in $A1.9m scam targeting Aussies
"The group amassed at least 1.9 million in (Australian dollars) from Australian victims in just the short time it had been operating. Money that we say was stolen from hard-working Australians and not invested as promised," she said.
News.com.au
4 hours ago
- News.com.au
ASX flat on Tuesday as Iran/Israel conflicts leaves investors wary
Nervous investors continued to watch the fallout from the escalating conflict between Israel and Iran, leading to a cautious trading day on the Australian share market on Tuesday. The benchmark ASX 200 index practically traded flat, losing just 7.10 points or 0.08 per cent to close at 8,541.30. The broader All Ordinaries also slipped 3.90 points or 0.04 per cent to 8,771.10. The Aussie dollar is trading near US65.31c. Initially markets jumped on the opening bell before the Australian market dragged lower in line with US and Europe futures as US President Donald Trump urged people to leave the Iran capital of Tehran. Mr Trump issued the chilling warning to everyone in Tehran to 'immediately evacuate' in a post made on his social media platform Truth Social. 'Iran should have signed the 'deal' I told them to sign. What a shame, and waste of human life,' Mr Trump wrote. Futures markets in the US slid, with the Dow Jones Industrial Average dropping 0.32 per cent, while the S & P 500 futures dropped 0.34 per cent, and the tech heavy Nasdaq 100 futures dipped nearly 0.4 per cent. On the local bourse, seven of the 11 sectors finished in the red paring back some of the early gains. Gold miners were the bright spot on the market for a second day running with Northern Star Resources gaining 1.50 per cent to $20.99, Newmont Corporation added 2.49 per cent to $89.29 and Gold Road Resources finished up 0.60 per cent to $3.38. On the other hand, the market heavyweight financial sector dragged on the market. Commonwealth Bank fell 0.15 per cent to $179.14, NAB slipped 0.36 per cent to $38.80, Westpac slumped 0.54 per cent to $33.01 and ANZ finished in the red down 0.47 per cent to $29.46. The major iron ore miners had a mixed day as the price of the commodity traded flat at $US95.23 per tonne. BHP fell 0.37 per cent to $37.30 and Fortescue Metals slumped 0.38 per cent to $15.66. Bucking the trend was Rio Tinto which eked out a tiny 0.04 per cent gain to close at $107.15. AMP chief economist and head of investment strategy Shane Oliver said the market was following its usual process with history showing falls of around 6 per cent during times of geopolitical uncertainty, before rallying by 15 per cent in the corresponding 12 months. 'The Israel/Iran war along with tariff uncertainty poses a high risk of a renewed set back in share markets, if the conflict escalates to the point that it threatens oil supplies from the Middle East,' Dr Oliver said. 'It should also be remembered that conflicts regularly flare up in the Middle East only to settle down, so the key is not to get too negative and look for any opportunities that the conflict throws up.' In corporate news Santos continued its climb higher adding another 0.5 per cent of $7.80 after soaring more than 11 per cent on Monday after announcing an almost $30bn takeover bid.
Daily Telegraph
4 hours ago
- Daily Telegraph
Lowes heir Josh Penn and Ben Palmer's Point Piper home sells
Lowes heir Josh Penn and his husband Ben Palmer have sold their Wyuna Rd, Point Piper mansion for $23.5m. The couple, with son Brooklyn, 6, and daughter Blake, 4, are now understood to be focusing on renovating the Penn family's palace at Cap 'd'ail in the south of France, where they're intending on spending some time next year. And they're also now debating whether to move to their former Double Bay home, now rebuilt, or to another eastern suburbs mansion they've apparently purchased, that's 'quite substantial'. MORE: Hush-hush sale hits 2025 record MORE:Billionaire chicken heiress's record-breaking sale Penn and Palmer are listed as co-owners on the land title for Capri, the Edwardian residence at 4 Wyuna Rd bought for $16m in 2021, alongside Penn's parents David and Linda Penn who have 70 per cent ownership. But it's now sold via Monika Tu and Jad Khattar of Black Diamonz, with Tom Penfold of Cohen Handler known to have introduced the buyer. There'd initially been hopes of $28m. Penn and Palmer had been living in Capri during the three-year rebuild of their own home at 7 Carlotta Rd, Double Bay, bought for $6.7m in 2020, which is apparently 'incredible' and nearly ready to move into. No clue yet as to the location of this other 'quite substantial' property, which is yet to settle. The Wyuna Rd residence was previously owned by nursing-home scion Mark Moran and his interior decorator wife Evette. The historic home on a 723sqm block had harbour views, an internal lift, multiple balconies, manicured grounds and a pool. Penn and Palmer had initially intended to do major renovations, but ended up doing just landscaping the garden and adding lighting. Their good taste in furniture helped give the home extra zing. Josh Penn and mother Linda, the highly regarded philanthropist and CEO of Lowes Menswear that's worth $800m, recently raised a whopping $84.3m at the recent Gold Dinner for the Sydney Children's Hospital foundation.
