🦘 Qantas’ Big Frequent Flyer Change, Median House Prices To Soar, Australia’s Green Hydrogen Leap

G’day everyone!

Here’s what we’ve got in store for you today:

• Qantas’ Big Frequent Flyer Change

• Median House Prices To Soar

• Australia’s Green Hydrogen Leap

Let’s have a look at the market snapshot before jumping into the news:

Qantas Frequent Flyers, Get Ready to Jet Off Easier!

Qantas is flipping the script on its Frequent Flyer program, throwing open the airplane doors to over 20 million more reward seats.

That's right, folks, snagging a seat to hotspots like London or Tokyo is about to get a whole lot easier. 

CEO Vanessa Hudson, alongside Loyalty boss Andrew Glance, spilled the beans in Sydney, promising this revamp is the most epic in the program's 35-year history.

Say hello to "Classic Plus Flight Rewards" - your golden ticket to snagging seats even during those peak seasons.

While these primo seats will cost you more points, the trade-off is access to four times the number of reward seats annually. 

Roll out the red carpet; international booking starts now, with domestic deals dropping by year's end.

Following a storm of member backlash over reward seat scarcity and point inflation, Qantas is smoothing over feathers, ensuring your loyalty points actually get you somewhere – literally.

Sydney's Median House Price Soars to $2M by 2027

Buckle up, property enthusiasts!

Oxford Economics Australia is painting a future where Sydney's median house price nears a jaw-dropping $2 million, and Perth crosses the $1 million threshold by 2027. 

This forecasted growth spurt is fueled by looming interest rate cuts and a persistent housing pinch, potentially turning Melbourne, Brisbane, and Canberra into the $1.2 million club.

Adelaide's not far behind, aiming for the million-dollar mark, with Hobart and Darwin trailing with their own impressive gains.

According to Maree Kilroy from Oxford Economics, this anticipated boom springs from an acute housing deficit, compounded by a half-million-strong net overseas migration wave and a bustling foreign buyer scene.

Perth's predicted to lead this property parade with a 30% price hike, thanks to a perfect storm of supply woes, economic vigor, and population boom.

So, as the market heats up, it seems Australia's housing landscape is set for a seismic shift, making now the time to watch, wait, and maybe even invest.

Queensland’s Leap into Green Hydrogen

Central Queensland is now home to Australia's largest hydrogen electrolyser manufacturing facility, marking a pivotal moment in the nation’s green energy journey. 

Opened in Gladstone, the facility not only boosts the local economy but sets the stage for a fossil fuel-free energy future. 

This game-changer, developed by Fortescue Energy, aims to meet the soaring global demand for green hydrogen, essential for decarbonization. 

The facility is a part of the broader Green Energy Manufacturing Centre, which plans to further expand with the PEM50 project, producing green hydrogen for both domestic use and export.

With an initial output of 2 gigawatts per annum, its full capacity could churn out over 200,000 tonnes of green hydrogen annually. 

This move is a significant stride towards transitioning from coal and gas, promising a sustainable future and job opportunities for the region.

Gladstone Mayor touts the city as a hydrogen hub, a sentiment echoed worldwide, emphasizing its role in renewable energy production.

Life360's User Surge Fuels Share Spike

Life360, the renowned family tracking app, is on a roll with its shares surging nearly 17% following an impressive addition of 4.9 million users in just the first quarter. 

This surge isn't just numbers; it's a testament to the app's growing appeal across the globe and its savvy product enhancements amidst navigating privacy concerns.

Life360’s strategy seems to be paying off, showcasing a robust model that not only attracts users but also retains them, a crucial aspect in the competitive app market.

This increase in users and the corresponding share price jump highlight Life360's potential for continued growth and its ability to adapt to the ever-evolving digital landscape.

It's a clear signal that Life360 is doing something right, striking the perfect balance between innovation, user privacy, and functionality, thereby cementing its place as a leader in the app world.

You Made It!

If you’ve read all the way up to here, we just wanted to let you know that you’re an absolute legend!

Time to go to work and show off how clued up you are about what’s going on in the business world 💪

Keep an eye out for tomorrow's newsletter. Until then, we’d love to get your feedback below!