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🗞️ Cup Day
We hope everyone in Victoria has a great day off or is even enjoying a four-day weekend.
Pick & Scroll News
November 04, 2025
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Good morning. We hope everyone in Victoria has a great day off or is even enjoying a four-day weekend.
If you are the person who bet $500,000 on Al Riffa in the Melbourne Cup today, then we wish you well.
If you're not the one seeking $4 million in winnings but still want to have a dabble, here is a race guide for the main race.
Good luck!
All the headlines and more below...
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AUSTRALIAN NEWS
Growing reliance on the ‘Bank of Mum and Dad’ is worsening housing inequality
Home values in Sydney, Brisbane and Perth have risen more than the national median salary as house prices climbed 0.6% in October. LINK
Wait times for home loan pre-approvals surged to 17 days as first-home buyer demand spiked under the federal government's 5% deposit scheme. LINK
Australian food delivery app users are paying 36% more than collecting meals themselves as average weekly spending hits $60. LINK
Australians are spending a record amount of $78 on monthly subscriptions, with each household having an average of 3.7 subscriptions. LINK
Dementia is now Australia’s top cause of death. LINK
Australia has launched a new Guarantee of Origin scheme to certify clean energy as it boosts transparency for hydrogen and renewables. LINK
Australian property prices rose for the 10th straight month in October led by Adelaide’s 1.2% rise as annual growth reached 7.5%. LINK
Australian household spending rose 0.2% in September as essentials like food and petrol drove the increase while discretionary spending stayed flat. LINK
Mining and agriculture workers are recording the longest average full-time hours in Australia with assistant drillers clocking over 70 weekly hours. LINK
Australia saw a 12% rise in new dwelling approvals in September whilst NSW builders warned rising construction costs could stall the federal housing goal. LINK
COMPANY NEWS
Home loan applications in the 5% deposit scheme doubled in October according to Westpac
Westpac saw home loan applications in the 5% deposit scheme more than double in October whilst first-time buyers drove demand in a strong market. LINK
Pet Circle's revenue fell to $373M in FY25 as major retailer competition increased and eroded margins after earlier growth success. LINK
Amazon, Google and Meta pledged to help triple nuclear energy by 2050 as rising AI energy demand has challenged a renewables-only strategy. LINK
Westpac’s net profit dropped 1% to $6.9B in FY25 despite growth in deposits and loans while operating costs rose 9% due to tech investments. LINK
Macquarie Bank has restricted loans to companies and trusts as social media posts push property investors toward excessive borrowing. LINK
DroneShield secured a $25.3M contract with a Latin American government defence client whilst demand for counter-drone technology has remained high. LINK
CHART OF THE DAY
Consumers are worried about rising prices, but a large proportion of those plan to keep splurging
ONE MORE SCROLL
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TOGETHER WITH
Take what you’re doing offline and circle back on team wellness because real team bonding happens with puppies, not PowerPoint. Give your team an event they’ll actually look forward to with Puppy Yoga!
We’ve got you covered with Corporate Cuddles and Puppy Yoga 🐶
TRIVIA
This puzzle comes from our favourite game show, the 1% club. This was the 1% question meaning only 1% of people got this correct. Are you the one?
What four-letter word will you get if you follow the directions in these three words?
WRIGHT, RECENTRE, CLEFT
Answer below
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ANSWER
Crew
Start on the right with C, take the next two letters from centre, RE, and finish W from the left.
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