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4 days ago | 
theguardian.com | Jonathan Barrett |Luca Ittimani
The Reserve Bank of Australia is prepared to “respond decisively” to any deterioration in the global economy, paving the way for rapid-fire cash rate cuts if Donald Trump’s tariffs spark further market upheaval. The 20 May RBA meeting minutes, released on Tuesday, show the rate-setting board discussed implementing a bumper 50 basis point cut last month.
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1 week ago | 
theguardian.com | Luca Ittimani |Jonathan Barrett
When people think of Adelaide, they may ponder its good food and wine or its many churches. Historically, it was viewed as a well-priced place to live and work. But years of surging property prices have made it less affordable than some of the world’s most famous cities, including London and New York, when income levels are factored into living costs. Even those with a front row seat to the change have trouble comprehending it.
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1 week ago | 
msn.com | Stephanie Convery |Nick Visser |Luca Ittimani
Microsoft Cares About Your PrivacyMicrosoft and our third-party vendors use cookies to store and access information such as unique IDs to deliver, maintain and improve our services and ads. If you agree, MSN and Microsoft Bing will personalise the content and ads that you see. You can select ‘I Accept’ to consent to these uses or click on ‘Manage preferences’ to review your options and exercise your right to object to Legitimate Interest where used.
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1 week ago | 
theguardian.com | Tory Shepherd |Luca Ittimani
Elon Musk’s so-called “brand destruction” is in full flight in Adelaide, where residents have voted overwhelmingly to reject plans for a Tesla factory. The city of Marion in South Australia is considering selling 2,664 sq metres of public land – which is contaminated and not publicly accessible – to Tesla which wants to build a battery factory on the plot.
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1 week ago | 
msn.com | Stephanie Convery |Nick Visser |Luca Ittimani
Microsoft Cares About Your PrivacyMicrosoft and our third-party vendors use cookies to store and access information such as unique IDs to deliver, maintain and improve our services and ads. If you agree, MSN and Microsoft Bing will personalise the content and ads that you see. You can select ‘I Accept’ to consent to these uses or click on ‘Manage preferences’ to review your options and exercise your right to object to Legitimate Interest where used.
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2 weeks ago | 
theguardian.com | Jonathan Barrett |Luca Ittimani
The Reserve Bank has cut the cash rate by a quarter point to 3.85%, easing pressure on mortgage holders grappling with high living costs and elevated interest repayments. Economists view the RBA decision as a sign that Australia’s central bankers believe inflation is being tamed and that there is no longer a need for a borrowing rate over 4% to constrain households.
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2 weeks ago | 
theguardian.com | Jonathan Barrett |Luca Ittimani
The Reserve Bank is expected to cut the cash rate on Tuesday, easing pressure on indebted households grappling with high living costs and elevated mortgage repayments. Market pricing implies a 95% chance the level will fall by a quarter point to 3.85%, amid growing confidence that inflation is being tamed.
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2 weeks ago | 
theguardian.com | Henry Belot |Luca Ittimani
Gina Rinehart has criticised an unfair and “relentless attack” on the former SAS soldier Ben Roberts-Smith and argued that it has weakened the nation and a defence force “already struggling with inadequate numbers to defend us”. Australia’s richest person, who has donated to a fund designed to support the legal costs of former SAS soldiers, has declined to say whether she personally funded Roberts-Smith’s legal costs.
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3 weeks ago | 
theguardian.com | Sarah Martin |Joe Koning |Camilla Hannan |Luca Ittimani |Shelley Hepworth |Miles Martignoni
Gina Rinehart’s father Lang Hancockis well known asa pioneer of the iron ore industry in Australia but few realise Hancock started his mining career on a smaller scale and digging for a different substance – blue asbestos. Hancock and his partner started the mining operation at Wittenoom in the 1940s before selling it to another company, CSR, which mined the area for 20 more years.
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1 month ago | 
theguardian.com | Luca Ittimani |Nick Evershed
Renters in battleground electorates in western Sydney, outer Melbourne and Perth are among those feeling the most financial pressure, new analysis shows, as experts condemn the scarce help offered to renters in Australia’s election campaign. Key seats including Western Australia’s Bullwinkel and Werriwa in New South Wales are home to suburbs with the worst rent affordability and biggest price hikes, data compiled by Suburbtrends for Guardian Australia has revealed.
