10 things you need to know this morning in Australia

Good morning.

Australia's explosive property market is beginning to 'slow down' as price growth outstrips wage growth

The Australian property prices have roared another 1.8% higher in April. It comes off the back of an even stronger first three months, with CoreLogic director of research Tim Lawless noting the "slowdown" came as property outpaced wage growth.

'Red hot': Australia's economic recovery surges ahead of the budget, with more than 90,000 more people off government support since the end of March

More than 90,000 people have come off government support since the JobKeeper scheme ended in March of this year, signalling Australia's economic recovery is translating to the job market.

Westpac has posted a $3.4 billion net profit as its fortunes swing on a 'better economic outlook' and falling loan deferrals

Westpac has revealed it made a $3.5 billion first half cash profit. Attributing the result to a "better economic outlook", Westpac has begun writing back provisioning for bad loans as deferrals have fallen.

'I didn't advise anything in relation to fines': Australia's chief medical officer says brutal punishments for Australians returning from India were not his call

Public health officials did not push for five-year prison terms and $66,000 fines for those who breach Australia's new India travel ban, Chief Medical Officer Dr Paul Kelly said.

Former Australia Post CEO Christine Holgate says she is ready to sue as she delivers an ultimatum to the Morrison government

Christine Holgate has threatened to sue the federal government and Australia Post if it does not respond to her demands for mediation. In a statement issued on Monday, the former CEO said she had offered directors and federal MPs in charge of the postal service the opportunity to find a resolution to their ongoing dispute surrounding her dismissal.

Retail powerhouse Premier Investments says it will pay back $15.6 million in JobKeeper after dodging the suggestion earlier this year

Australian retail giant Premier Investments says it will reimburse the $15.6 million in unused JobKeeper subsidies after reporting massive profits.

Bill and Melinda Gates are ending their marriage after 27 years

"After a great deal of thought and a lot of work on our relationship, we have made the decision to end our marriage," Bill Gates said in a tweet.

Clubhouse downloads are falling off a cliff: The app was downloaded only about 900,000 times in April, down from February's peak of 9.6 million

Clubhouse took off like wildfire during the pandemic as the audio app provided community for its users, but that growth appears to be tapering off.

The benefits ethical investing can have for your portfolio, according to an expert

As more stakeholders continue to shift their attention to socially responsible investments, it's worth knowing the benefits of ethical investing that go beyond moral values.

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