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🗞️ Bubble trouble
If you've been looking for a house recently and thought everything was pretty expensive, you'd be correct.
Pick & Scroll News
September 02, 2025
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Good morning. If you've been looking for a house recently and thought everything was pretty expensive, you'd be correct.
One of our favourite websites, Visual Capitalist, mapped the world’s most unaffordable housing markets on a price to income ratio.
Sydney (2), Adelaide (6), Melbourne (9), Brisbane (11) & Perth (19) all made the top 20.
Do you think you can guess the number one? The answer is here.
All the headlines and more below...
AUSTRALIAN NEWS
ACCC accuses four Aldi vegetable suppliers of forming a price-fixing cartel
The ACCC is suing four fresh food wholesalers and three executives for alleged cartel conduct affecting vegetables supplied to Aldi stores in NSW, VIC and QLD between 2018 and 2024. LINK
Australian dwelling values reached a record high of $835,000 in August as national home prices rose 0.5% amid limited housing stock. LINK
Sydney Airport taxis have received Australia's worst rating of 1.1 stars due to fare inflation and misconduct. LINK
Social media platforms face fines up to $49.5M for failing to verify users' age as Australia requires blocking under-16s from joining TikTok and Instagram. LINK
Australian wine grape grower numbers have fallen 13% since 2018 whilst total vineyard acreage increased slightly during that period. LINK
SA has banned plastic fish-shaped soy sauce containers from September 2025 as part of its single-use plastics crackdown. LINK
Australian job advertisements rose 0.1% in August whilst remaining 15% above pre-pandemic levels. LINK
90% of young Australian workers now prefer at least 2 office days weekly as remote work trends shift. LINK
GLOBAL NEWS
OECD criticises US trade policies for raising global costs and undermining trade trust
The OECD criticised US tariffs and Chinese industrial subsidies for undermining global trade trust and raising costs. LINK
Global economies are shifting from the US dollar as President Trump's tariff policies affect international trade relations. LINK
A new UK law allows unlimited fines for large companies if they fail to prevent employee fraud benefiting the firm. LINK
COMPANY NEWS
Jetstar fined $2.25M in New Zealand for discouraging compensation claims
Jetstar has received a $2.25M fine in New Zealand for discouraging customers from seeking compensation. LINK
Domino's Pizza has introduced safety-linked executive bonus cuts following two delivery driver deaths. LINK
Woolworths has denied responsibility for "shrinkflation" as the government considers mandatory product size reduction disclosures. LINK
McDonald's Australia has launched its $718M Monopoly promotion exclusively through the MyMacca's app. LINK
ANZ Bank is set to cut thousands of jobs as part of CEO Nuno Matos' restructuring strategy. LINK
Menulog is expanding into 20 new regional areas with an AI-powered campaign focusing on local restaurants. LINK
Bank of Queensland will cut 200 jobs whilst implementing AI technology through a $30M cost-saving partnership with Capgemini. LINK
NBN Co's broadband speed upgrade may be limited by outdated modems in Australian homes. LINK
Stockland has potential to unlock 20,000 home lot approvals through expedited environmental housing assessments. LINK
Tesla has recalled 7,300 Model Y vehicles in Australia due to a faulty auto window system. LINK
OpenAI plans to build a 1-gigawatt data centre in India as part of its Stargate AI expansion. LINK
Tropfest will return to Sydney in 2026 with new partners CommBank and YouTube to support emerging filmmakers. LINK
ONE MORE SCROLL
Editor’s Pick: 4 signs you’re a ‘highly sensitive person,’ according to experts.
Draft Pick: Bulldogs add another attacking change on eve of NRL finals.
Odd Pick: White House says slavery is being taught wrong, should not be so negative.
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TRIVIA
How well do you know the major history events below. Your objective is to put them in chronological order:
Princess Diana passed away
Impeachment of Bill Clinton following his affair with Monica Lewinsky
Michael Jordan’s last game of NBA
9/11 Attacks
Fall of the Berlin Wall
Answers below
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ANSWERS
1. Fall of the Berlin Wall (1989)
2. Princess Diana passed away (1997)
3. Impeachment of Bill Clinton following his affair with Monica Lewinsky (1998)
4. 9/11 Attacks (2001)
5. Michael Jordan’s last game (2003)
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