Australian MarketsNearly $50bn was wiped off the Australian sharemarket on Monday as fears of a trade war led by US President Donald Trump tariffs ripped through the local market.
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Interest RatesMortgage holders need more than one rate cut to start feeling relief, with only about 53,000 Aussies likely to move away from “at risk” should the RBA cut rates in February.
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BusinessAustralia remains behind its ambitious target of 1.2 million new homes by 2029 despite a bounce in new housing approvals in December.
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