10 things you need to know this morning in Australia

[View this email via your browser]( [Business Insider Australia]( [Twitter]( [Facebook]( [LinkedIn]( [Enable Images to View]( [Enable Images to View]( [10 things you need to know this morning in Australia]( It's Friday! We're just about ready to stop reading depressing world news on our work computers, and start reading depressing world news on our leisure computers. That's how things work now. [Enable Images to View]( [More than 450,000 Australians have been approved to access their super early, draining billions from the system in just three days]( The government has issued an update on much demand it has seen for its COVID-19 economic support measures on Thursday. Treasurer Josh Frydenberg confirmed that 456,000 Australians had been approved since Monday to withdraw on average around $8,300 from their retirement savings. [Enable Images to View]( ['We can't do it alone': A group of Australian manufacturing businesses have banded together to make ventilators for the fight against the coronavirus]( A consortium of businesses in Australia are working together to make ventilators needed during the coronavirus pandemic. The group is led by Victorian-based company Grey Innovation, which secured $31.1 million from the federal government to make 2000 ventilators. [Enable Images to View]( [Myer is keeping its stores closed until at least May 11, as government stay-at-home orders roll on]( Myer will keep its stores closed until at least May 11. It comes after the federal government announced a continuation of social distancing measures for another four weeks. [Enable Images to View]( [Australia's economy is reeling from the coronavirus, with the latest temperature check showing the service sector is sinking]( The lastest flash PMI data from the Commonwealth Bank shows the economy is shrinking quickly. On a scale of 100, where any score below 50 shows a contraction, Australia scored just 22.4 in April. [Enable Images to View]( [Enable Images to View]( [The tide is starting to turn on Australian property prices, with capital city price growth turning negative for the first time since August]( Property prices in Australia appear to be turning negative as the coronavirus shutdown turns the tide on the market. Weekly capital city price growth has turned negative for the first time since August, while the rolling 28-day average has fallen from 1.1% to 0.4% heading into the backend of April. [Enable Images to View]( [Dan Murphy's and BWS are stocking almost 2,000 new products from Aussie breweries and distilleries which are struggling through coronavirus shutdowns]( Endeavour Drinks, the Woolworths-owned liquor group behind Dan Murphy's and BWS, is stocking nearly 2000 new products from suppliers that have been impacted by coronavirus related shutdowns. [Enable Images to View]( [Tesla just added the chief investment officer of Japan's $1.5 trillion government pension fund to its board of directors]( Tesla announced Thursday that it is appointing Hiro Mizuno to its board of directors. Mizuno was most recently the chief investment officer of Japan's $US1.5 trillion government pension fund, the largest such retirement pool in the world. [Enable Images to View]( [Appliance and electronics lender Radio Rentals will permanently close all its stores and make 300 staff redundant]( Appliance and electronics lender Radio Rentals will permanently shut all shop locations across Australia and make approximately 300 staff redundant, marking the first major retail casualty of the coronavirus crisis. [Enable Images to View]( [With so many mixed messages circulating during the COVID-19 outbreak, here are 3 important points for workers and business owners]( The way Australians are working has changed dramatically during the global coronavirus pandemic. Those who can work remotely are finding the best ways to adjust their lives accordingly, while business owners are working out how to navigate the challenges ahead and adapt to a “new normal”. [Enable Images to View]( Business Insider Australia © 2020 [Pedestrian Group]( [Unsubscribe]( • [Email to a Friend]( • [Privacy Policy](