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Australian Rental Market Slows as Tenants Hit Affordability Ceiling, October 9
Australian rental growth slows to 0.5% in September quarter as tenants hit affordability ceiling. National median rent reaches $713 per week, but vacancy rates rise to 2.1%, easing pressure in some capital cities.
CBA Boss Comyn: House Prices Won’t Bottom Until Well Into 2027
CBA CEO Matt Comyn says Australia’s housing market correction is halfway done and will extend well into 2027. National property prices down 5.2% since March peak.
CBA Boss Comyn: House Prices Won’t Bottom Until Well Into 2027
Commonwealth Bank CEO Matt Comyn says Australian house prices will bottom well into 2027, with CBA forecasting a 9% national decline. Capital city prices have already fallen 4.3% in the September quarter.
AFL Trade Period Kicks Off: Merrett Lands $4M Hawthorn Deal on Day One
Zach Merrett joins Hawthorn on $4M deal as AFL trade period opens. Eight moves done in three days including Lachie Neale to Collingwood and Scott Pendlebury to Gold Coast.
Apple’s iPhone Duo Repair Cost: ¥3,200 Cover Layer Swap, October 04
Apple’s iPhone Duo features a replaceable cover layer that can be swapped for ¥3,200 to fix creasing caused by repeated folding. The device marks Apple’s entry into the foldable smartphone market with distinct display features.
Australia’s $1 Trillion Debt Bill Surges as Bond Yields Jump to 5.3%
Australia’s $1 trillion debt burden is becoming more expensive as bond yields surge. Treasurer warns billions in extra interest costs will strain the federal budget and pressure taxpayers.
Diesel Hits Record $6.06 a Gallon as Middle East War Disrupts Supply
US diesel prices hit a record $6.06 per gallon on September 11 as Middle East conflict damages Saudi pipelines and disrupts refining. Higher transportation costs expected to ripple through food and retail prices.
Labor’s Housing Reforms Slash 10,700 Homes, Push Rents Up AUD$10 Weekly
Labor’s housing tax reforms will cut 10,700 new homes and push rents up AUD$10 weekly through 2030, according to updated modelling by industry groups. GDP impact estimated at AUD$1.05bn.
Apple’s iPhone Duo Launches at $1,999: Foldable Phone Marks CEO Ternus’s Debut
Apple launches iPhone Duo foldable phone starting at $1,999 with 7.6-inch inner display. New CEO John Ternus also unveiled iPhone 18 Pro with $100 price increase and improved battery life.