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10 things you need to know this morning in Australia

Monday 1 March 2021

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Australian property prices are rising at their fastest pace in 17 years, as every market surges higher

Australia's property prices rose 2.1% in February, marking their strongest national growth in 17 years according to CoreLogic. It comes as every state and territory market rises simultaneously, on the back of record low interest rates and a 'fear of missing out'.
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Boomers have driven Australia's financial comfort to record levels, with single parents and casual workers faring the worst in the pandemic economy

Australia's overall financial comfort rose to record levels in the six months leading to December, according to new research from ME Bank. A new report suggests some Australians, including well-off retirees, reported marked improvements in their perceived financial wellbeing.
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Crown director John Poynton has resigned due to his past relationship with James Packer, following a 3-week fight to stay

John Poynton has stood down as a director of Crown after a three-week fight to stay. In a statement, Crown attributed the resignation to "a perceived lack of independence arising out of his past relationship with Mr James Packer."
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Twitter says it will ban users who repeatedly post misinformation about COVID-19 vaccines

Twitter will use automated and human reviewers to identify and label misleading posts about COVID-19 vaccines.
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Goldman Sachs restarts cryptocurrency trading and will begin dealing bitcoin futures for clients next week, report says

The cryptocurrency trading desk will be a part of the US Global Markets division. The bank is also said to be exploring a bitcoin ETF.
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What you need to know about NFTs, the collectible digital tokens that are selling for millions online

Non-fungible tokens or NFTs have grown to encompass a $250 million market and operate on the same principles as cryptocurrencies like Bitcoin.
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The real reasons we don't have flying cars

We've seen examples of flying cars, but they still aren't available to buy. We break down why road-ready aircraft aren't ready for mass production.
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From TikTok to a cookbook in only a few months: how Nathan Lyons' 'Kooking with a Koori' struck a chord

Nathan Lyons runs the popular "Kooking with a Koori" TikTok account, where he shares videos of himself cooking cheap, easy-to-make meals. Since starting in September, Lyons has had a number of commercial opportunities, including signing a deal to publish a "Kooking with a Koori" cookbook.
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Google insiders reveal why the company's ambitious plan to create major video games fell apart

Some current and former employees are speaking out about what went wrong at Google's short-lived game development studios.

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