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Rental Prices, First-Time Parents & Meta's Threads Turns One
The median age for first-time parents in Australia has risen from 27 years in the early 2000s to 31 years in 2023.
Pick & Scroll News
July 05, 2024
One Read, All Perspectives
Australian News
Rental prices in Sydney and Melbourne are starting to flatten or decrease after several years of sustained increases. LINK
The median age for first-time parents in Australia has risen from 27 years in the early 2000s to 31 years in 2023. LINK
The increase in depression, anxiety and self-harm among teenage girls has been linked to the rise of social media since 2012. LINK
Rental prices in popular Victorian alpine tourist towns have dropped over 10% in the past year due to changing work habits and a shift from short-term rentals. LINK
More first homebuyers in Victoria are entering the market as investors sell properties due to rising taxes, changing tenancy laws and high interest rates. LINK
Victorian dairy farmers face drought and cold conditions, with a 15% cut in farm gate milk prices adding to their challenges. LINK
NSW coal power plants must report pollution levels under new EPA rules, potentially leading to hard limits on CO₂ emissions. LINK
The AU government is preparing to evacuate up to 20,000 Lebanese-Australians if conflict escalates between Israel and Hezbollah. LINK
A proposal has suggested online gambling apps should display users' win-loss records to help problem gamblers. LINK
Global News
China is leading the generative AI patent race, filing 6 times more patents than the US. LINK
Global banking regulators will require banks to disclose their crypto asset exposure starting January 2026 to enhance market discipline. LINK
Japan needs nearly 1 million additional foreign workers by 2040 to meet its economic growth targets. LINK
Company News
BHP has docked global employee incentives to 80% of the target due to missed performance goals in costs, production, safety and gender equity. LINK
Airtasker has secured $11M in advertising deals with media companies to promote its gig economy platform amid rising interest in side hustles. LINK
Meta’s Threads has surpassed 175 million monthly active users as it approaches its first anniversary. LINK
Samsung is expected to report a 13-fold increase in Q2 profit due to high demand for AI technology, boosting memory chip prices. LINK
Nissan and Honda are exploring a partnership on standardised software and EV charging infrastructure to reduce costs. LINK
Amazon is discontinuing its Astro for Business security robot to focus on improving its in-home robot capabilities. LINK
Jeff Bezos plans to sell nearly $5B worth of Amazon shares following the stock reaching a record high. LINK
Tesla’s Model Y has been included on the Chinese government’s purchase list for the first time, allowing it to be bought as a service car. LINK
Domino’s Pizza and Arcadium Lithium may be removed from the ASX100, with Telix Pharmaceuticals likely to be added in the next rebalance. LINK
Elanor Investors Group and PGIM Real Estate are partnering to acquire a 19ha logistics site in Melbourne, targeting e-commerce growth. LINK
St Vincent’s Health has ended its contract with NIB over pricing disagreements. LINK
Speculation of a $25B takeover of Santos has resurfaced, with Saudi Aramco and Adnoc emerging as potential suitors. LINK
This Week’s Top Picks
A visa crackdown has halved the number of student visas issued from major source countries like India, Nepal and the Philippines, with approvals collapsing by about two-thirds for Pakistan and Colombia. LINK
Life expectancy in Australia fell for the first time in nearly 30 years due to the rise of infectious diseases now among the top 5 causes of death for the first time in over 50 years. LINK
The Australian eSafety Commissioner has given internet companies 6 months to develop a code to prevent children from accessing pornography and other inappropriate content. LINK
The US Supreme Court ruled that Donald Trump cannot be prosecuted for official acts taken as president but can be for private acts. LINK
The Australian government has doubled international student visa fees from $710 to $1,600 to fund education initiatives. LINK
Residential property owners saw an average $59,000 gain as home values climbed 8% nationwide over FY24. LINK
Australian job advertisements fell for the 5th consecutive month in June, reflecting easing labour demand amid high interest rates and a slowing economy. LINK
Property buyers are becoming cautious amid talk of further interest rate rises, with fewer buyers willing to pay above the auction reserve. LINK
The WA government will spend nearly $4M destroying expired rapid antigen tests. LINK
Meta may block news on its Australian platforms if forced to pay news organisations for content, escalating its dispute with the Australian government. LINK
The ANZ-Suncorp $4.9B takeover has been approved by the federal government, with strict conditions, adding $70B in loans to ANZ's portfolio. LINK
