Fri, 11th Jul 2025

In this episode of Weekly Finance News Wrap, Paige Estritori discusses the decline in practicing financial advisers despite increased qualification numbers, raising concerns of workload elevation and limited consumer access to advice. Solutions include better mentorship programs and an improved licensing system. A push for financial advisers to gain access to the Australian Taxation Office portal could reduce costs and delays. On the housing front, Melbourne's market offers prime opportunities due to the Reserve Bank of Australia holding the interest rate steady at 3.85%. The decision has sparked debate, with some experts suggesting that it could slow property price growth. Possible influence of external factors on future rate reductions is also discussed. To stay updated with financial insights, visit financialservicesonline.com.au.