Take a Career Break, but Stay in the Game
Kanebridge News
    HOUSE MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $1,613,207 (-0.60%)       Melbourne $969,484 (-0.54%)       Brisbane $991,125 (-0.15%)       Adelaide $906,278 (+1.12%)       Perth $892,773 (+0.03%)       Hobart $726,294 (-0.04%)       Darwin $657,141 (-1.18%)       Canberra $1,003,818 (-0.83%)       National $1,045,092 (-0.37%)                UNIT MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $754,460 (+0.43%)       Melbourne $495,941 (+0.11%)       Brisbane $587,365 (+0.63%)       Adelaide $442,425 (-2.43%)       Perth $461,417 (+0.53%)       Hobart $511,031 (+0.36%)       Darwin $373,250 (+2.98%)       Canberra $492,184 (-1.10%)       National $537,029 (+0.15%)                HOUSES FOR SALE AND WEEKLY CHANGE     Sydney 9,787 (-116)       Melbourne 14,236 (+55)       Brisbane 8,139 (+64)       Adelaide 2,166 (-18)       Perth 5,782 (+59)       Hobart 1,221 (+5)       Darwin 279 (+4)       Canberra 924 (+36)       National 42,534 (+89)                UNITS FOR SALE AND WEEKLY CHANGE     Sydney 8,638 (-81)       Melbourne 8,327 (-30)       Brisbane 1,728 (-19)       Adelaide 415 (+10)       Perth 1,444 (+2)       Hobart 201 (-10)       Darwin 392 (-7)       Canberra 1,004 (-14)       National 22,149 (-149)                HOUSE MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $820 (+$20)       Melbourne $620 ($0)       Brisbane $630 (-$5)       Adelaide $615 (+$5)       Perth $675 ($0)       Hobart $560 (+$10)       Darwin $700 ($0)       Canberra $680 ($0)       National $670 (+$4)                UNIT MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $750 ($0)       Melbourne $590 (-$5)       Brisbane $630 (+$5)       Adelaide $505 (-$5)       Perth $620 (-$10)       Hobart $460 (-$10)       Darwin $580 (+$20)       Canberra $550 ($0)       National $597 (-$)                HOUSES FOR RENT AND WEEKLY CHANGE     Sydney 6,197 (+313)       Melbourne 6,580 (-5)       Brisbane 4,403 (-85)       Adelaide 1,545 (-44)       Perth 2,951 (+71)       Hobart 398 (-13)       Darwin 97 (+4)       Canberra 643 (+11)       National 22,814 (+252)                UNITS FOR RENT AND WEEKLY CHANGE     Sydney 10,884 (-22)       Melbourne 6,312 (0)       Brisbane 2,285 (-54)       Adelaide 357 (-14)       Perth 783 (-14)       Hobart 129 (-14)       Darwin 132 (+6)       Canberra 831 (+15)       National 21,713 (-97)                HOUSE ANNUAL GROSS YIELDS AND TREND       Sydney 2.64% (↑)      Melbourne 3.33% (↑)        Brisbane 3.31% (↓)       Adelaide 3.53% (↓)       Perth 3.93% (↓)     Hobart 4.01% (↑)      Darwin 5.54% (↑)      Canberra 3.52% (↑)      National 3.34% (↑)             UNIT ANNUAL GROSS YIELDS AND TREND         Sydney 5.17% (↓)       Melbourne 6.19% (↓)     Brisbane 5.58% (↑)      Adelaide 5.94% (↑)        Perth 6.99% (↓)       Hobart 4.68% (↓)     Darwin 8.08% (↑)      Canberra 5.81% (↑)        National 5.78% (↓)            HOUSE RENTAL VACANCY RATES AND TREND       Sydney 0.8% (↑)      Melbourne 0.7% (↑)      Brisbane 0.7% (↑)      Adelaide 0.4% (↑)      Perth 0.4% (↑)      Hobart 0.9% (↑)      Darwin 0.8% (↑)      Canberra 1.0% (↑)      National 0.7% (↑)             UNIT RENTAL VACANCY RATES AND TREND       Sydney 0.9% (↑)      Melbourne 1.1% (↑)      Brisbane 1.0% (↑)      Adelaide 0.5% (↑)      Perth 0.5% (↑)      Hobart 1.4% (↑)      Darwin 1.7% (↑)      Canberra 1.4% (↑)      National 1.1% (↑)             AVERAGE DAYS TO SELL HOUSES AND TREND         Sydney 29.8 (↓)     Melbourne 31.7 (↑)      Brisbane 30.6 (↑)        Adelaide 25.2 (↓)       Perth 35.2 (↓)     Hobart 35.1 (↑)      Darwin 44.2 (↑)        Canberra 31.5 (↓)     National 32.9 (↑)             AVERAGE DAYS TO SELL UNITS AND TREND         Sydney 29.7 (↓)       Melbourne 30.5 (↓)     Brisbane 27.8 (↑)        Adelaide 22.8 (↓)     Perth 38.4 (↑)        Hobart 37.5 (↓)       Darwin 37.3 (↓)       Canberra 40.5 (↓)       National 33.1 (↓)           
Share Button

Take a Career Break, but Stay in the Game

Lay the groundwork for a return to work when you want by networking, setting boundaries and getting recruiters to come to you.

By RACHEL FEINTZEIG
Tue, Mar 15, 2022 11:39amGrey Clock 4 min

You got burned out. Your kids needed you. You became a crypto millionaire overnight.

Whatever the reason—congrats. Welcome to your career break, length TBD.

Time off by choice can be wonderful if you can swing it, a chance to recalibrate your priorities and detox from the stress of the working world. It can also be a kind of limbo. How to keep your edge without getting sucked back into corporate overwhelm? How do you know when it’s the right moment to job hunt again? And what comes next, anyway?

“It’s the ‘I don’t know what I want to be when I grow up’ kind of feeling,” says Tami Forman, the executive director of Path Forward, a nonprofit dedicated to helping people re-enter the workforce.

Those on work breaks can flounder, unsure what to do once they’ve stepped off the corporate conveyor belt that for years powered their careers, she says. And hiring managers, flooded with job applicants and their own work, often opt for the easiest choice: picking someone who’s currently doing the same job somewhere else.

Don’t be cavalier about what it will take to get back into the workforce, Ms. Forman advises. Start looking before you’re ready.

Carve out five minutes every morning to send a relevant article to two former colleagues, saying why it made you think of them. Ask that parent on the sidelines of the soccer game, the one with the cool job, if they have time for coffee. Explain that you’re on a break and not looking yet, but you’d love to learn more about their role and experience.

“People will be much more open to talking about what’s going on at their company if they don’t think you’re going to say, ‘Can you put my résumé on someone’s desk?’ ” Ms. Forman says.

Brett Delgado, 37 years old, stays in touch with former co-workers via Instagram comments, Discord video chats and online gaming. He left his job at a professional-services firm in the Los Angeles area last April, moving in with his parents in Lake Havasu City, Ariz.

Working 80 hours a week in L.A. while studying for his CPA exam had left him exhausted and anxious. He decided to take a year off to focus on passing the exam, improving his health and connecting with his parents.

So far he’s lost 60 pounds, passed three of the four exam sections (he takes the final one this month) and thought about where he might want to live next. But he won’t start looking for a job until his CPA certification comes through.

“It’s easy sometimes to become preoccupied with, what’s the future going to look like?” he says. “I’ve been trying really hard to take things day by day.”

Even if you’ve been craving funemployment, it’s normal to have some pangs of, “What have I done?” after handing in a resignation, says Ethan Kross, a professor of psychology and management at the University of Michigan.

“We like to know that we have control of things and that they’re certain,” says Dr. Kross, the author of “Chatter,” a book about the internal messages we give ourselves.

If you’re feeling adrift, talk to yourself as you would a friend, addressing yourself as “you” or by your name as you dispense advice. Think about how you might view the situation in six months or 10 years. Will you wish you obsessed more over the next entry on your résumé, or spent time with family? And set boundaries from the beginning of your career break, rehearsing how you’d react if someone, say, offered you a freelancing assignment.

Kristen Witte, 32, left her job with a healthcare software company last June after her younger daughter was diagnosed with cystic fibrosis, a genetic disorder that affects the lungs. She pulled her older daughter out of daycare, and is thankful for time spent colouring and moulding Play-Doh at her Houston home. Still, when LinkedIn job alerts land in her inbox, or she hears of others in her field receiving lucrative offers, she sometimes has second thoughts.

“Am I missing out? Is this the right time for me not to be working?” she wonders.

Taking on a 10-hour-a-week contracting gig in January has been “freeing,” she says, helping her feel as though she’s keeping one toe in the professional world, while still staying flexible for her girls.

If you’re open to jumping back in for your dream job, set up your LinkedIn profile to do the work for you, says Omar Garriott, who previously worked for the company and co-authored “Linked,” a book about using the social network.

The brief description right below your name should match your ideal job title, even if you haven’t held it yet, he says. For example, you could write, “aspiring product manager,” “future product manager,” or “taking work hiatus—seeking product manager opportunities.” In the longer “About” section, include a list of your skills, especially ones that are being used as key words in the job descriptions that interest you most, so the algorithms can find you.

Recruiters will start coming to you, Mr. Garriott says. They’re used to people saying no, he adds, so it’s fine to open your profile for them to search even if you don’t think you want a new job anytime soon. Just make sure to reply to their messages with a yes or a gracious no, and let them know what opportunities you would consider.

Blake Lawson, of Costa Mesa, Calif., initially turned down a job offer he got from a tech company in December. A few months into a career break prompted by burnout and the desire to try something new, he was intent on learning improv, earning his pilot’s license and laying the groundwork for his own consulting business.

Then the hiring manager came back with a 19% pay bump from the initial offer, plus the opportunity to learn skills that Mr. Lawson was eager to expand. He said yes.

He started the new job, leading a product team, in January, and likes having more structure in his days. But he misses the time and freedom that came with not having a 9 to 5 and says he’s intent on seeing his side hustles through.

“There’s been a little bit of sadness in knowing what I left behind,” he says.

Reprinted by permission of The Wall Street Journal, Copyright 2021 Dow Jones & Company. Inc. All Rights Reserved Worldwide. Original date of publication: March 14, 2022.

 



MOST POPULAR
11 ACRES ROAD, KELLYVILLE, NSW

This stylish family home combines a classic palette and finishes with a flexible floorplan

35 North Street Windsor

Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

Related Stories
Money
Australia’s weak economy causing ‘baby recession’ not seen since the 1970s
By Bronwyn Allen 26/07/2024
Money
Preparing for the Next Worldwide Tech Outage
By BELLE LIN 26/07/2024
Money
The top 10 motivators for Australian investors
By Bronwyn Allen 25/07/2024
Australia’s weak economy causing ‘baby recession’ not seen since the 1970s

Continued stagflation and cost of living pressures are causing couples to think twice about starting a family, new data has revealed, with long term impacts expected

By Bronwyn Allen
Fri, Jul 26, 2024 2 min

Australia is in the midst of a baby recession with preliminary estimates showing the number of births in 2023 fell by more than four percent to the lowest level since 2006, according to KPMG. The consultancy firm says this reflects the impact of cost-of-living pressures on the feasibility of younger Australians starting a family.

KPMG estimates that 289,100 babies were born in 2023. This compares to 300,684 babies in 2022 and 309,996 in 2021, according to the Australian Bureau of Statistics (ABS). KPMG urban economist Terry Rawnsley said weak economic growth often leads to a reduced number of births. In 2023, ABS data shows gross domestic product (GDP) fell to 1.5 percent. Despite the population growing by 2.5 percent in 2023, GDP on a per capita basis went into negative territory, down one percent over the 12 months.

“Birth rates provide insight into long-term population growth as well as the current confidence of Australian families, said Mr Rawnsley. “We haven’t seen such a sharp drop in births in Australia since the period of economic stagflation in the 1970s, which coincided with the initial widespread adoption of the contraceptive pill.”

Mr Rawnsley said many Australian couples delayed starting a family while the pandemic played out in 2020. The number of births fell from 305,832 in 2019 to 294,369 in 2020. Then in 2021, strong employment and vast amounts of stimulus money, along with high household savings due to lockdowns, gave couples better financial means to have a baby. This led to a rebound in births.

However, the re-opening of the global economy in 2022 led to soaring inflation. By the start of 2023, the Australian consumer price index (CPI) had risen to its highest level since 1990 at 7.8 percent per annum. By that stage, the Reserve Bank had already commenced an aggressive rate-hiking strategy to fight inflation and had raised the cash rate every month between May and December 2022.

Five more rate hikes during 2023 put further pressure on couples with mortgages and put the brakes on family formation. “This combination of the pandemic and rapid economic changes explains the spike and subsequent sharp decline in birth rates we have observed over the past four years, Mr Rawnsley said.

The impact of high costs of living on couples’ decision to have a baby is highlighted in births data for the capital cities. KPMG estimates there were 60,860 births in Sydney in 2023, down 8.6 percent from 2019. There were 56,270 births in Melbourne, down 7.3 percent. In Perth, there were 25,020 births, down 6 percent, while in Brisbane there were 30,250 births, down 4.3 percent. Canberra was the only capital city where there was no fall in the number of births in 2023 compared to 2019.

“CPI growth in Canberra has been slightly subdued compared to that in other major cities, and the economic outlook has remained strong,” Mr Rawnsley said. This means families have not been hurting as much as those in other capital cities, and in turn, we’ve seen a stabilisation of births in the ACT.”   

MOST POPULAR
11 ACRES ROAD, KELLYVILLE, NSW

This stylish family home combines a classic palette and finishes with a flexible floorplan

35 North Street Windsor

Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

Related Stories
Property
A 500-Year-Old Home on Spain’s Party Capital Ibiza Lists for €10.8 million
By LIZ LUCKING 09/07/2024
Property
These little known suburbs are offering the highest rental yields around the country
By Bronwyn Allen 25/06/2024
Money
Go Woke, Go Broke? Not a Chance, Say Ben and Jerry
By SAABIRA CHAUDHURI 27/06/2024
0
    Your Cart
    Your cart is emptyReturn to Shop