Australia

Petition calling for media royal commission and setting Australian record tabled in Parliament

By: Jack Snape Australia’s largest-ever parliamentary e-petition, which calls for a royal commission into media diversity and has more than 500,000 signatures, has been submitted to the House of Representatives. The petition was launched by former prime minister Kevin Rudd. “The bottom line is the lifeblood of our democracies depends on a fair, balanced, independent, free media which separates out ...

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House prices across Australia begin to soar

House prices across Australia have risen overall for the first time since the start of COVID-19. Monthly data from CoreLogic shows that, as a collective average, the housing market experienced a 0.4 per cent rise in October. It follows month-on-month average declines since the pandemic started shaking the nation’s economy. “The numbers out today are quite remarkable,” CoreLogic head of ...

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Australia’s second most expensive house is sold for $95million

By: Lucy Macken One of the most expensive residences on the Point Piper waterfront, known as Edgewater, has been sold for an eye-watering $95 million. The incredible  five-storey property called Edgewater features a private jetty, tennis court, and huge terraces on each level overlooking Sydney Harbour. The deal is set to rank as the second highest residential sale nationwide when ...

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Reserve Bank cuts interest rates to a record low

By: Rachel Clayton and Rachel Pupazzoni The Reserve Bank cut interest rates to a record low of 0.1 per cent on Tuesday. The cut to 0.1 per cent is down from the previous record low of 0.25 per cent, which was announced earlier this year. Alongside the drop in the official cash rate, the RBA lowered its three-year bond rate target to 0.1 ...

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New $100 note released into circulation

The Reserve Bank of Australia released the new $100 banknote on 29 October 2020.    It celebrates Sir John Monash, an engineer, soldier and civic leader and Dame Nellie Melba, an internationally renowned soprano.  New security features have been used to make the bill “impossible to forge” include a reversed number 100 and the image of a three-dimensional fan. The ...

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Australia Post licensees and customers flood PM Scott Morrison with $5 notes

Post office licensees across Australia are planning to send $5 notes to Prime Minister Scott Morrison in protest of the investigation into Australia Post chief executive Christine Holgate and the gifting of $20,000 worth of Cartier luxury watches to senior executives. The watches were given to executives as a reward for clinching multi-million dollar deals with three of the “big ...

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Unlike in Australia, people don›t have to vote in US elections. Here›s why that matters

More Americans than ever have cast their vote early ahead of the US presidential election, but millions haven›t, and still won›t on 3 November. Here’s how that might impact things. More than 70 million Americans have already cast their ballot ahead of the United States presidential election on 3 November. That’s almost three times the Australian population and more than ...

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Australia defies international pressure to set emissions targets

Prime Minister Scott Morrison says he will not be dictated to by other governments› climate change goals, declaring he is not worried about the future of Australia›s exports despite four of the country›s top trading partners adopting net-zero emissions targets. China, Japan, Britain and South Korea, which account for more than $310 billion in Australian annual trade between them, have ...

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