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Posted: 2021-04-18 23:19:52

Good morning all.

1. People aged over 50 could be vaccinated sooner and more mass vaccination sites opened to speed up the vaccine program, under a new reset of Australia’s rollout. This possible recalibration will be discussed by the prime minister and state leaders today. “I know some states are very interested in supporting larger vaccination programs now for people aged 50 to 70, and we are very open to discussing that with the states and looking forward to that discussion tomorrow,” Scott Morrison said.

2. Morrison also clarified his remarks on the opening up of international travel, following a bit of mixed messaging at the end of last week. He said that it’s possible vaccinated Australians will be able to travel overseas in the second half of the year for essential work and family business, and may be able to quarantine at home afterwards.

3. Metro Melbourne’s median house price cracked the million-dollar mark for the first time, according to the Real Estate Institute of Victoria. Sydney hit that particular milestone back in 2015. Unit prices continue to climb, despite falling rents in the city, linked to international border closures. Leah Calnan, REIV President, suggested the market could cool down when the market reacclimatises to a world without the HomeBuilder scheme and loan deferral periods.

4. Median house prices will spike upwards of 10% by the year’s end, according to NAB boss Ross McEwan. It’s the bank’s latest upgrade in a matter of months, with property prices rising by tens of thousands of dollars since the start of the year. McEwan said low supply is driving prices skywards, and issued a call for “decisive moves” to bolster available housing stock.

5. Commonwealth Bank CEO Matt Comyn has unleashed a public rebuke of the buy now, pay later sector and the failure of regulators to get involved. Fronting a parliamentary committee last week, Comyn said the industry and its players had become so big that it was high time regulators stepped in. Comyn argues that customers should be subject to credit reviews and that merchants shouldn’t be prevented from passing on service costs to customers.

6. Bitcoin slipped 10.8% in the 24 hours to Sunday morning, US time. It was the biggest single-day drop since February, Bloomberg reported. Reports attributed the drop to speculation the US Treasury may scrutinise digital currencies more closely. Bitcoin hit a record high of US$64,869.78 last week ahead of the stock-market debut for the cryptocurrency exchange Coinbase Global Inc. on the Nasdaq.

7. Speaking of the Coinbase offering: turns out Australians were very interested. Wall Street trading platform Stake said Australian interest in Coinbase had well and truly outstripped other major IPOs like Airbnb and Slack. with local investors pouring millions into the stock. “Aussie investors are also drawn to Coinbase’s healthy profits – it reported an estimated US$730 million to US$800 million in net profit in the first three months of the year,” said Stake cofounder Matt Leibowitz. “Which blows early stage tech and finance companies out of the water.”

8. Global coronavirus deaths surpassed 3 million over the weekend. More than a third of those deaths occurred in the US, Brazil, and India. Brazil and India in particular are still seeing devastating surges in deaths amid vaccine shortages.

9. Australian fashion rental platform GlamCorner, having announced several lucrative partnerships, is anticipating a big year as global demand for rental and resale explodes. Founders Dean Jones and Audrey Khaing-Jones started the company nine years ago with 30 garments, and now they’re providing Australian brands with insights and tech they need to enter the circular fashion economy. “My prediction for the future is you will see more and more brands continue to invest in circular fashion,” Jones told Business Insider Australia.

10. The operators of the Ever Given might move its containers onto other ships, according to a report. The ship is unable to deliver its goods until $1 billion in damages is paid to Egyptian authorities. “Customers are asking when their boxes will be delivered after the ship seizure, and the prospect of moving the containers to other ships and delivering them to the clients in Europe is now on the table,” an unnamed source, directly involved in the matter, told the Wall Street Journal.

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