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The 10 most important things in the world right now Here's what's happening on Wednesday.

A widening gap between house prices and incomes could spell danger for borrowers Home prices are falling, led by Sydney and Melbourne and tighter lending restrictions have played a major role.

Chinese state media suggests cutting billions of dollars in Australian imports to 'make Australia pay' Beijing could cut Australian imports and cool diplomatic relations for an extended period.

Here's what Airbnb is doing to rental prices in Sydney and Melbourne Research shows that the patterns of Airbnb listings in Australia's biggest cities are highly uneven. The findings suggest impacts on rental housing are likely to be biggest in high-end areas that appeal to tourists.

Julie Bishop is all smiles, but China is making it clear it has a big problem with Australia Beijing says Australia needs to "take off its tinted glasses".

The NSW government was rolled by its own backbench just as it was about to announce a crackdown on Airbnb The NSW government was forced to pull its plans to regulate Airbnb yesterday after it failed to gain backbench support for the overdue reforms.

Here's a better way to find out when you'll get the NBN The company behind the National Broadband Network has updated its searchable rollout map to coincide with its revised three-year timetable.

A history of Australian housing market downturns, in one chart Australian home prices, as a weighted average, have been falling for several months, largely reflecting weakness in Sydney and Melbourne, the nation's largest and most expensive markets.

Pakistani military allegedly hacked phones belonging to US, UK, and Australian officials and diplomats The hack collected sensitive photos, audio recordings, text messages, and could also disable a phone's reception.

Former Australia Post boss Ahmed Fahour is selling his Melbourne mansion for more than $40 million Fahour is selling his Melbourne home with a suggested price tag of between $40-$44 million. The Hawthorn property was bought by Fahour in 2013 for $22 million.

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