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It seems the Australian dream now comes with fewer cafes, and more cows.
Pick & Scroll News
February 19, 2026
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Good morning. It seems the Australian dream now comes with fewer cafes, and more cows.
When wages barely stretch past rent and groceries, it’s no wonder nearly half of younger Australians are looking beyond capital cities for a regional escape instead.
It now takes the average person approximately 6.5 to over 10 years to save a 20% deposit for a home in Sydney.
All the headlines and more below...
AUSTRALIAN & GLOBAL NEWS
Real wages in Australia fall as inflation outpaces pay
Real wages in Australia fell as inflation outpaced wage growth, challenging the government's economic claims while pressuring further interest rate hikes by the RBA. LINK
Self-managed superannuation funds in Australia are being created at a record pace, reflecting a desire for greater control over retirement savings amid dissatisfaction with large industry funds. LINK
Queensland's construction industry faces potential strain with a forecast shortage of 46,000 workers needed to complete the Brisbane 2032 Olympics projects, as calls for policy changes and skilled migration intensify. LINK
ASIC is investigating over 40 groups due to lead generation practices in superannuation as consumer losses occur in collapsed investment schemes. LINK
Westpac and the Melbourne Institute reported a stall in their Leading Index, predicting slower economic growth for Australia in 2026 as interest rates rise and commodity prices ease. LINK
The government is creating a $1B fund for investment in high-tech military capabilities to bolster Australia's defence industry amid ongoing debates over spending. LINK
The NSW government has introduced new rules to improve industrial relations compliance on major building sites, targeting unethical contractors and potential CFMEU corruption. LINK
Investment in new large-scale wind and solar projects is slowing in Australia, threatening government renewable energy targets despite a record number of projects completed in 2025. LINK
COMPANY NEWS
Coles admits to pricing errors in past promotions
Coles admitted to pricing errors in its 'Down Down' promotions, leading to discount misrepresentation amidst an ongoing ACCC court case. LINK
NAB's quarterly earnings surged 16% annually as increased fees and commissions drive growth, despite a minor dip in its CET1 capital ratio. LINK
Small business owners are criticising Meta for disabling accounts without explanation, prompting discussions with the ombudsman about the appeal process. LINK
Numerous companies like Amazon and Meta are announcing layoffs in 2026, as AI and economic shifts transform the business landscape. LINK
Mayne Pharma filed a lawsuit against Cosette Pharmaceuticals and Avista Healthcare, claiming breach of terms in a failed $600M takeover attempt. LINK
TechnologyOne increased its full-year profit guidance to 18-20% with AI-enhanced products and strong customer demand being the drivers. LINK
CSL secured an exclusive licensing deal with Eli Lilly to develop and market the monoclonal antibody clazakizumab for cardiovascular and kidney diseases. LINK
Superloop reported a $5.1M half-year profit, announcing plans to acquire Lynham Networks for $165M. LINK
Mirvac Group posted a $319M half-year profit due to increased residential sales and settlements, surpassing forecasts. LINK
ONE MORE SCROLL
Editor’s Pick: How the timing of protein intake affects your body.
Draft Pick: Australia was knocked out of the T20 World Cup after a tie between Zimbabwe and Ireland.
Odd Pick: New study using smart underwear shows people pass gas more frequently than previously thought.
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TRIVIA
While many dogs rely on their noses, one specific breed is biologically gifted with the best eyesight of any canine. Which breed is it?
Answer below
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