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hang on7 aug 2026

did money really just do that?

rent takinga slight dip

via facebook.com
what it means for you

there's a monthly rent drop, but don't go splashing your cash

tl;dr

melbourne and sydney rents saw their biggest monthly drop since covid, yet prices remain up over 10% this year.

the full story

for the first time since the pandemic started, asking rents in sydney and melbourne actually ticked down by about 1% this month. it is the first bit of breathing room renters have seen in years, driven by a slight cooling in the winter market.

the reality check is that melbourne's median rent is still sitting at $632 a week while sydney is at a massive $829. with vacancy rates at record lows and a chronic undersupply of new builds, experts reckon this dip is just a blip before prices hit new record highs next year.

go deeper: social inequality impact funds australia

the failedcorpo heist

via theguardian.com
what it means for you

big corpos can't drain the land without listening to the locals.

tl;dr

the high court has blocked a plan to drain 40 gigalitres of groundwater annually for a large-scale fruit farm located in the northern territory.

the full story

a company called fortune agribusiness had a license to take the equivalent of sydney harbour twice every year for three decades. they wanted it for free to run a massive fruit and veg farm on a remote cattle station. the local mpwerempwer aboriginal corporation fought it, saying the plan threatened at least 40 sacred sites and the desert's fragile water supply.

the high court agreed and scrapped the license because the nt government didn't give traditional owners a proper say. this sets a huge precedent for how the environment and cultural rights are weighted against big industry. it means the government now has to go back to the drawing board and actually justify the long-term impact before anyone touches a drop.

go deeper: the three pillars of sustainable investing

your first jobcould cost you $11,000?

via fool.com.au
what it means for you

worked while under 18? you likely missed super payments that could have grown into $11,000.

tl;dr

an outdated law requires under-18s to work 30+ hours a week for one employer to earn super, costing 530,000 teens $411 million annually.

the full story

an outdated rule means 91% of workers under 18 are missing out on super contributions because they work part-time. the super members council is now pushing to scrap the 30-hour threshold so everyone gets paid from their very first hour on the job.

missing out on just two years of contributions as a teen can leave you over ten thousand dollars worse off by retirement due to lost compounding. while the change isn't law yet, it would fix a gap that currently sees the average affected young worker lose $780 every year.

go deeper: super basics for your twenties

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