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Live: Foreign buyers purchase $5b worth of residential property, ASX rises

Live: Foreign buyers purchase $5b worth of residential property, ASX rises

Foreign buyers made 5,360 residential real estate purchases in Australia over the past financial year, spending $4.9 billion, according to new data from the ATO. Their average price was $914,000, according to the register of foreign ownership of residential land. Of the 5,360 purchase transactions in 2022–23, 164 registrants became a permanent resident or gained...

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ASX shares fall a day after interest rates decision, Nvidia overtakes Microsoft on value — as it happened

ASX shares fall a day after interest rates decision, Nvidia overtakes Microsoft on value — as it happened

Our Chief Business Correspondent, Ian Verrender has penned this great analysis on what’s going on with the Australian dollar. The Aussie dollar has bounced a little this morning as forex traders weighed up the impact of global interest rate moves. RBA governor Michele Bullock yesterday made clear that domestic interest rates are likely to stay...

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Live: ASX tipped to slip, but Wall St closes on another record high

Live: ASX tipped to slip, but Wall St closes on another record high

Overnight in the US, Tesla shareholders approved CEO Elon Musk’s US$56 billion pay package, along with the proposal to move the company’s legal home from Delaware to Texas. Shareholders also approved other proposals including the re-election of two board members: James Murdoch (son of Rupert Murdoch), and Elon’s brother Kimbal Musk. Shareholders did increase the...

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Live: Wall Street lifts but ASX tipped to open lower

Live: Wall Street lifts but ASX tipped to open lower

Lots happening over the water. Rabobank’s senior macro strategist Stefan Koopman breaks down the European elections in a new note. Here’s a little of it: “The overall left-right balance aligns with projections that indicated a lean but not a lurch to the right. The coming weeks will see national parties formally choosing their European groups...

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Live: Information commissioner files action against Medibank over cyber attack, while ASX looking flat ahead of GDP figures

Live: Information commissioner files action against Medibank over cyber attack, while ASX looking flat ahead of GDP figures

In breaking news just now… The Australian Information Commissioner has announced it has filed civil penalty proceedings in the Federal Court against Medibank over it October 2022 data breach. The Commissioner alleges that from March 2021 to October 2022, Medibank seriously interfered with the privacy of 9.7 million Australians by failing to take reasonable steps...

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Live: Guzman y Gomez announces IPO and ASX listing, share market rises

Live: Guzman y Gomez announces IPO and ASX listing, share market rises

Donald Trump has been found guilty of a hush-money plot to influence the 2016 election, but still could theoretically run for US President. Whoever wins the US presidential election in November will have to navigate economic challenges and the independence of the US Federal Reserve. The former President has repeatedly said that if he is...