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10 things you need to know this morning in Australia

Tuesday 16 March 2021

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The RBA is 'closely monitoring' Australia's booming housing market as a possible intervention looms later this year

The Reserve Bank of Australia (RBA) has revealed it is keeping a close eye on Australia's property markets as prices rise and lending soars to new records.
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Sydney and Melbourne homes are blowing reserve prices out of the water at auction – and underquoting could be only part of the problem

Some Sydney and Melbourne houses have been selling for more than a million dollars above the reserve price as auctions continue to attract crowds.
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'No evidence of that causal link': Josh Frydenberg dismisses claim Australia should suspend its AstraZeneca vaccine rollout over blood clot fears

Nationals Senator Matt Canavan today called on Australia to suspend its AstraZeneca COVID-19 vaccine rollout, citing the decision of several European nations to pause their own.
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Both Nine and News Corp have struck deals with Facebook over payment for news content, according to reports

Facebook has struck a deal with News Corp for use of its content, following protracted negotiations after the passage of the Australian news media bargaining code.
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Australians have filed 31,000 complaints about shonky credit products since the banking royal commission

Australians filed some 31,000 complaints about lending products after the banking royal commission, according to new CHOICE analysis. The consumer advocacy publication issued those findings in a last-ditch attempt to argue in favour of responsible lending regulation, which could be repealed within days.
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1 in 4 Australians plan to study in the next 6 months, as the uneven job market recovery leaves workers nervous

More than a quarter of Australian adults say they want to engage in further study over the next 6 months, according to ABS data. 19% of women and 14% of men said they want to invest in further education or training.
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GameStop has fallen nearly 50% from March intraday highs, but 'diamond hands' Reddit traders are still holding

GameStop fell as much as 20% on Tuesday before mounting a recovery, but that hasn't stopped "diamond hands" Reddit traders from holding the stock.
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'We're worried about the outcomes': Domestic violence advocacy groups express concern over the government's superannuation access scheme

A new initiative by the Australian government allows women fleeing domestic violence to access up to $10,000 from their superannuation accounts. Domestic violence advocacy groups fear the 'last resort lifeline' will only serve to deepen hardships for women in retirement.
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How a Victorian social enterprise that runs hospitality training for refugee and migrant youth survived 2020

Most people would agree that 2020 was a tough year. But for anyone who runs a hospitality business, particularly in Victoria, to say it was simply "tough" is an understatement. One person who has intimate experience with these challenges is Hannah Brennan.

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