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🗞️ Holding the fort
Spain might just be the destination of your next holiday or mid-life gap year(s).
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Good morning. Spain might just be the destination of your next holiday or mid-life gap year(s).
Mallorca homeowners supposedly offer free stays in their homes in exchange for house sitting. You’d just need to take of watering plants, collecting mail or looking after pets.
Given where house prices are at right now, a “house sitting" app could outperform in the Australian market.
All the headlines and more below...
AUSTRALIAN NEWS
First-home houses now out of reach nationwide

First-time Australian homebuyers are increasingly unable to afford entry-level houses across all major cities as house prices exceed wage growth. LINK
A fungal outbreak linked to construction works at Sydney’s Royal Prince Alfred Hospital has resulted in 2 patient deaths. LINK
Australian companies are adopting a 4-day work week to improve employee satisfaction and productivity. LINK
Housing inflation in NSW continues to rise, threatening the feasibility of new housing projects and pushing construction costs higher. LINK
The annual cost of NDIS payments for participants with autism has surged to over $10B as the government seeks to moderate the program's growth. LINK
A surge in gold prices has made it Australia's second-largest export, potentially boosting federal revenue while mining investments increase despite structural budget challenges. LINK
COMPANY NEWS
Bunnings 'worker' prompts warning after growing Coles, Woolworths scam exposed

Scammers are exploiting Bunnings' brand with fake social media videos. LINK
Woolworths had to adjust the AI chatbot Olive after customer complaints arose about odd responses. LINK
Qantas updated its frequent flyer program to allow status credit rollovers, increasing the credits required to maintain status. LINK
Qantas plans to grow its workforce by 8,500 employees by 2030, balancing expansion with technological advancements. LINK
Cleanaway Waste Management's interim net profit rose 17.8% to $109.7M as solid waste services growth outperformed forecasts. LINK
Super Retail Group's statutory net profit declined 19.8% to $104M due to rising costs associated with new infrastructure and payroll systems. LINK
Ramsay Healthcare's net profit surged 253.2% to $160.7M as stronger patient admissions were noted in Australia. LINK
Commonwealth Bank cut 300 technology roles, dismissing AI's major impact on the labour force earlier. LINK
Spotify argues against Australian algorithm changes, claiming it could harm artists' global reach and affect export income. LINK
Google disrupted a Chinese-linked hacking network targeting 53 entities globally. LINK
Super Retail Group implemented security upgrades at Rebel Sport, due to increased theft, reporting a 20% profit decrease from discounting. LINK
Chemist Warehouse reported double-digit sales growth driven by demand for weight-loss drugs, with continued growth expected from new oral medication forms. LINK
CHART OF THE DAY

ONE MORE SCROLL
Editor’s Pick: The 100 best songs of 2025.
Draft Pick: Video shows cyclist attacked by e-bike riders at Gold Coast sports ground.
Odd Pick: Matthew McConaughey, Michael Caine team with ElevenLabs for AI-generated versions of their voices.
TOGETHER WITH

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TRIVIA

According to sleep studies and statistical averages, which gender is documented to experience dreams more frequently?
Answer below

