Fri, 16th May 2025
from Finance News Wrap Hosted by Paige Estritori
In this episode of the Weekly Finance News Wrap, Paige Estritori discusses important Australian financial news. The Australian Bureau of Statistics records an unprecedented fall in the nation's per capita household disposable income by 8% since 2022, the sharpest decline in the developed world. Australia's housing market has hit an $11.3 trillion record high, with average home prices now at $1 million. The release of US-China tariff hikes pushed the Australian Securities Exchange to an 11-week high. Finally, a study from the Financial Planning Standards Board indicates a rising trend of AI adoption among Australian financial advisors to improve service quality and reduce costs, despite ongoing concerns about data privacy and accuracy. For more details, visit financialservicesonline.com.au.n
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