Author: roymorgansocial

ALP (51%) leads L-NP (49%) on a two-party preferred basis on the back of big lead in Victoria

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Original article by Roy Morgan
Market Research Update – Page: Online : 10-Jun-21

During the Victorian lockdown in early June, support for the Federal ALP is 51% on a two-party preferred basis, up 0.5% points since March 2021 and ahead of the L-NP on 49% (down 0.5% points) despite a relatively well received Federal Budget delivered in May, according to the latest Morgan Poll on Federal voting intention. Primary support for the L-NP is at 40% (down 1% point) compared to the ALP on 35.5% (up 1% point). Greens support has dropped by 1% point to 11.5% while support for One Nation is up 0.5% points to 3% and support for Independents/Others is up 0.5% points to 10%. Voting analysis by State shows the ALP’s national lead is built upon a strong two-party preferred result in Victoria, with the ALP 53.5% cf. L-NP 46.5% in the State enduring its fourth lockdown – although set to end this Friday after two weeks. The Roy Morgan Government Confidence Rating is down 5pts from March 2021 to 113 and now at its lowest since the COVID-19 pandemic began. Now 48.5% (down 3% points) of Australians say the country is ‘heading in the right direction’, while more than a third, 35.5% (up 2% points) say the country is ‘heading in the wrong direction’.

CORPORATES
MORGAN POLL, ROY MORGAN LIMITED, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA

Labor, unions to fight Morrison on IR push

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Original article by Phillip Coorey
The Australian Financial Review – Page: 2 : 9-Jun-21

The Australian Workers’ Union will oppose any renewed attempt by the federal government to introduce greenfield workplace agreements. Such agreements were included in the omnibus industrial relations bill that was rejected by the Senate earlier in 2021. AWU national secretary Daniel Walton contends that major projects have been approved without greenfield agreements being in place, and the government’s proposal would merely put downward pressure on wages. Shadow industrial relations minister Tony Burke has also accused the government of pushing for wage growth restraint.

CORPORATES
AUSTRALIAN WORKERS’ UNION-FEDERATION OF INDUSTRIAL, MANUFACTURING AND ENGINEERING EMPLOYEES, AUSTRALIAN LABOR PARTY

Movement in the Melbourne CBD plunges to below 20% of pre-COVID averages as the city experiences a fourth lockdown

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Original article by Roy Morgan
Market Research Update – Page: Online : 9-Jun-21

Special analysis of movement data in Australia’s Capital City CBDs since the COVID-19 pandemic began shows a plunge in movement in the Melbourne CBD in late May after the city entered a fourth lockdown on May 28. The average 7-day movement level in the Melbourne CBD was at only 19% of pre-COVID-19 averages at the end of May, around half the movement level in the Sydney CBD (38%). This is the first time average 7-day movement levels in the Melbourne CBD have plunged below 20% since the short five-day ‘circuit-breaker’ lockdown in Victoria from February 13-17. Movement levels have declined in other Capital City CBDs during May, despite no significant outbreaks or lockdowns in other cities since a three-day lockdown in Greater Perth in late April. Looking around Australia the Adelaide CBD is again the stand-out with movement levels sitting at 65% of pre-COVID averages in late May, ahead of the Perth CBD (59%). Movement levels in the Brisbane CBD (52%) and Hobart CBD (49%) are at around half of their pre-COVID-19 averages. Roy Morgan has partnered with leading technology innovator UberMedia to aggregate data from tens of thousands of mobile devices to assess the movements of Australians as we deal with the restrictions imposed in response to the COVID-19 pandemic.

CORPORATES
ROY MORGAN LIMITED, UBERMEDIA

Melbourne lockdown set to end, but travel restricted

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Original article by Shannon Deery, Tom Minear, Mitch Clarke
Herald Sun – Page: 6 : 9-Jun-21

The COVID-19 lockdown in metropolitan Melbourne is expected to end as scheduled at 11:59pm on 10 June, although some restrictions will remain in place. The state government is finalising the details, but Melburnians will not be permitted to travel more than 25km from their homes, while cafes and restaurants will be limited to 50 customers at a time and outdoor public gatherings will be restricted to 10 people. Victoria has recorded two new locally-acquired COVID-19 cases in the last 24 hours, although both are linked to existing clusters; there are currently 92 active cases statewide.

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Mega projects have a future: Woodside

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Original article by Perry Williams, Paul Garvey
The Australian – Page: 13 & 16 : 9-Jun-21

The Western Australian government has approved Woodside Petroleum’s proposed expansion of the Pluto LNG project, subject to a number of conditions. Woodside will be required to reduce carbon emissions at the LNG plant by 30 per cent by 2030, while the project must become carbon-neutral by 2050. The expanded plant will process gas from the Scarborough gas field; Woodside’s interim CEO Meg O’Neill contend that the company can both develop Scarborough and meet its carbon reduction targets, given that the gas field contains almost no carbon dioxide.

CORPORATES
WOODSIDE PETROLEUM LIMITED – ASX WPL

New Victorian hotel quarantine failure

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Original article by Mitch Clarke
Herald Sun – Page: 5 : 9-Jun-21

Genomic sequencing has confirmed that the outbreak of the Delta variant of COVID-19 in west Melbourne has been traced to a returned traveller who arrived from Sri Lanka on 8 May and tested positive for the virus on the same day. The man in his 40s was released from hotel quarantine on 23 May, and health authorities are trying to determine how the virus was passed on the west Melbourne family of four who subsequently holidayed in New South Wales. Acting Premier James Merlino says the latest breach of the state’s hotel quarantine program will not affect the schedule for ending Melbourne’s lockdown. There have now been eight hotel quarantine leaks in Victoria since the pandemic began.

CORPORATES
VICTORIA. DEPT OF PREMIER AND CABINET

ANZ-Roy Morgan Consumer Confidence drops 0.7pts to 110.7 after Melbourne’s lockdown is extended into a second week

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Original article by Roy Morgan
Market Research Update – Page: Online : 9-Jun-21

ANZ-Roy Morgan Consumer Confidence fell 0.7pts to 110.7 on June 5/6,after Melbourne’s lockdown was extended into a second week. Consumer Confidence is now just below the 2021 weekly average of 111.3, but it is 13.7pts higher than the same week a year ago (97.0). Now 29% (down 2ppts) of Australians say their families are ‘better off’ financially than this time last year, while 26% (unchanged) say their families are ‘worse off’ financially. In addition, 40% (unchanged) of Australians expect their family to be ‘better off’ financially this time next year, and 14% (down 2ppts) expect to be ‘worse off’ financially. Some 20% (unchanged) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 18% (up 3ppts) expect ‘bad times’. Meanwhile, 41% (down 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 25% (up 1ppt) say now is a ‘bad time to buy’.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

PM calls for back-up over China

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 2 : 9-Jun-21

Prime Minister Scott Morrison will use a Perth USAsia Centre speech on 9 June to call for an overhaul of the World Trade Organisation amid the growing trade tensions with China. Amongst other things, he will urge the reinstatement of the WTO’s binding dispute settlement system, arguing that it is the most practical way to address "economic coercion". Morrison will shortly attend the Group of Seven leaders’ summit in the UK.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, WORLD TRADE ORGANIZATION, GROUP OF SEVEN (G-7)

Mortgage and rental stress worsen in May

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Original article by Nila Sweeney
The Australian Financial Review – Page: 40 : 9-Jun-21

Data from Digital Finance Analytics shows that 41.3 per cent of households in New South Wales were in mortgage distress in May, compared with just 38.2 per cent in April. Likewise, 56.8 per cent of households in Tasmania were in mortgage distress. The northwest Sydney suburb of Stanhope Gardens had the nation’s highest level of mortgage stress in May, at 91.5 per cent. Meanwhile, the Northern Territory was the only jurisdiction that did not record an increase in rental stress during the month.

CORPORATES
DIGITAL FINANCE ANALYTICS

More Australians switching insurance since COVID-19

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Original article by Roy Morgan
Market Research Update – Page: Online : 9-Jun-21

New data from Roy Morgan shows that since the COVID-19 pandemic began, Australians with either vehicle insurance or household insurance have been far more likely to switch their insurance provider, and also far more likely to consider switching after looking for deals from other companies. In the year to March 2021, only 62.9% of the nation’s 30 million+ vehicle insurance policies (including Compulsory Third Party) were renewed without approaching another company, down from 77.9% in the year to March 2020. There was a significant increase in vehicle insurance policies that were renewed only after approaching other companies, up 9.2% points to 23.5%. There was a similar trend in the household insurance market, which comprises nearly 25 million policies. Some 68.1% of these policies were renewed without approaching another company, down 12.3% points from the year to March 2020 when 80.4% of household insurance policies were renewed. Meanwhile, 22% of household insurance policies were renewed after approaching other companies, up 7.7% points from a year ago, and 6.1% of policies were ‘switched’ from another company, up from 3.7% a year ago. These are some of the latest findings from Roy Morgan’s Single Source insurance data derived from in-depth personal interviews conducted with over 50,000 Australians per annum, including details of over 75,000 vehicle insurance policies and over 65,000 household insurance policies.

CORPORATES
ROY MORGAN LIMITED