10 things you need to know this morning in Australia

Good morning and welcome to Friday.

House prices have hit record highs in all but two capitals – but it's the outer city regions that are really booming

Australian house prices have broken new records in every capital city bar Darwin and Perth. The median house price in Sydney now sits at $1.21 million, while Hobart house prices soared 12.5% last year.

Australia could rebuild its local tourism industry in 2021 – but it might need a helping hand from the government

Australians are in a position to rescue the local tourism industry, if state borders were to reopen. AMP senior economist Diana Mousina said local tourism spending could compensate for the lack of international visitors in the short term, pending border closures and government incentives.

A little-known Australian mining company with the same ticker code as GameStop saw its share price surge on Thursday

The share price for an ASX-listed Australian mining company that shares a ticker code with GameStop rose by up to 50% on Thursday. Some social media users speculated that it was from others mistakenly buying the wrong stock, whereas others spoke about purchasing stock to capitalise on the possible mistake.

Queensland will reopen its border to all of NSW from Monday, with the premier urging people to holiday up north

Queensland will drop its hard border to Greater Sydney on February 1, Premier Annastacia Palaszczuk announced on Thursday. The move means residents of 35 Greater Sydney local government areas will be permitted entry without undergoing 14 days of mandatory hotel quarantine.

A Queensland farm industry group is reportedly up in arms after a Coles magazine promoted plant-based alternatives to meat

A Coles magazine guide celebrating plant-based diets has reportedly drawn the ire of an industry group representing rural Australian livestock farmers.

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