Unemployment rate jumps; home sellers drop asking prices; Apple launches smart display

Friday 16 October 2026

Australia’s unemployment rate hits a five year high, but it might not be enough to prevent another rate hike. 

• The auction market slump is forcing sellers to accept lower prices
• The federal government launches its flagship online safety legislation
• ASIC drops its insider trading investigation into WiseTech Global founder Richard White
• Apple shifts into the smart home world, taking on Amazon and Google

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