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10 things you need to know this morning in Australia

Sunday 18 April 2021

Business Outsider

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Melbourne's median house price has passed $1 million for the first time, marking a grim milestone for those hoping to enter the market

Metro Melbourne's median house price has cracked the million-dollar mark for the first time, according to the Real Estate Institute of Victoria. Those properties climbed nearly $90,000 over the March quarter, reaching prices the median Sydney home hit in 2015.
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Australia's delayed vaccine rollout could cost the economy $1.4 billion, according to economists

Economists at Australian think tank The McKell Institute say Australia's delayed vaccination program could cost the Australian economy over $1 billion.
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Australians poured millions into the IPO of crypto exchange Coinbase, outstripping other public offerings like Airbnb

Australian investors have backed cryptocurrency exchange Coinbase, pouring millions into the stock in the first few hours of it listing on the Nasdaq on Wednesday.
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Australian designer rental platform GlamCorner is seizing on exploding demand for circular fashion — and using data to give its customers exactly what they want

Australian fashion rental platform GlamCorner, having announced several lucrative partnerships, is anticipating a big year as globally demand for rental and resale explodes.
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NAB predicts Australian house prices will rise more than 10% by the end of the year

Median house prices will spike upwards of 10% by the year's end, according to NAB boss Ross McEwan. It's the bank's latest upgrade in a matter of months, with property prices rising by tens of thousands of dollars since the start of the year.
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'They are a credit product': The Commonwealth Bank says its time for the buy now, pay later sector to face tougher regulation

Commonwealth Bank CEO Matt Comyn has unleashed a public rebuke of the buy now, pay later sector and the failure of regulators to get involved. Fronting a parliamentary committee, Comyn said the industry and its players had become so big that it was high time regulators stepped in.
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A fiery Tesla crash killed two people outside of Houston. Authorities say nobody was driving.

The crash comes amid scrutiny of Tesla's Autopilot technology, which critics say is ripe for abuse. It's unclear whether Autopilot was on.
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Watch NASA mission control live as the Ingenuity helicopter attempts to fly on Mars on Monday

NASA's Mars helicopter is set to make spaceflight history. But "there's a lot of things that could go wrong," one Ingenuity engineer said.
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A market analyst explains the pros and cons of investing in cryptocurrencies in 2021 – and whether you've missed the boat

Cryptocurrency is one asset that's undoubtedly receiving the most hype at the moment. With huge companies like Tesla now investing billions in Bitcoin and the meteoric rise in crypto assets' value over the past year — it's definitely an appealing investment for many people.

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