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🗞️ Spare change
Do you have a spare $200 million in US dollars?
Pick & Scroll News
December 11, 2025
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Good morning. Do you have a spare $200 million in US dollars?
This Miami mansion has just come onto the market. With 8 bedrooms and 23,000 square feet backing directly onto the ocean, it seems like a no-brainer.
Unfortunately, the listing acknowledges that it needs some renovations, but luckily, that US$200 million gets you a house with “great bones,” according to the agent.
All the headlines and more below...
AUSTRALIAN NEWS
Investing in shares or property has a clear winner over 25 years
Adelaide has become Australia’s top property investment city, outperforming the US tech market and all other cities in capital growth over 25 years. LINK
An audit report has found that Services Australia still has major transparency and risk issues, failing to implement key privacy fixes years after the Robodebt scandal. LINK
ATO will ban phone and email tax penalty waiver requests from 22 January as it pushes for greater transparency through new agent-submitted forms. LINK
APRA will require the $4.3T superannuation sector to pay a $47.3M special levy in 2026 as part of the government’s Compensation Scheme of Last Resort after financial firm collapses. LINK
Research by ING has found over 2.25M Gen Z Australians use social media for financial advice with experts warning of unrealistic expectations and anxiety. LINK
Older Australians are increasingly choosing multigenerational housing, facing rising property prices and benefitting from recent tax rule changes. LINK
Electric vehicle ownership in Australia remains limited to high-income urban areas as uptake in regional communities is nearly non-existent. LINK
COMPANY NEWS
Thousands hit by widespread Westpac EFTPOS outage
Thousands of Westpac customers faced transaction failures during a major EFTPOS outage while shopping during peak holiday periods. LINK
Meta excluded Australian media from its global AI news deals as it waits for Labor’s mandated tech payment policy finalisation. LINK
The European Commission launched a probe into Google for using YouTube content to train AI models, raising competition concerns about creator compensation. LINK
Bendigo Bank is closing its remaining Nauru accounts as AUSTRAC linked local politicians to $3M in suspicious transactions involving taxpayer fund misuse. LINK
ARENA is investing $21M to expand EV charging infrastructure, aiming to lower transport emissions and increase national accessibility. LINK
ONE MORE SCROLL
Editor’s Pick: Stop asking “How was school today?” to raise successful, mentally strong kids, ask these 7 questions instead.
Draft Pick: American tennis villain snubs Australian Open.
Odd Pick: Russia’s first AI humanoid robot falls ‘flat on its face’ seconds after grand unveiling.
The Future of Shopping? AI + Actual Humans.
AI has changed how consumers shop, but people still drive decisions. Levanta’s research shows affiliate and creator content continues to influence conversions, plus it now shapes the product recommendations AI delivers. Affiliate marketing isn’t being replaced by AI, it’s being amplified.
TRIVIA
Which Australian state has the longest land border?
Answer below
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ANSWER
New South Wales has the longest border with a total of 4,635 km.
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