Fri, 29th Mar 2024

In this week's Weekly Finance News Wrap, Paige Estritori highlights key financial news in Australia. The Australian Prudential Regulation Authority announces an extensive year-long stress test for 2025 to fortify Australia's financial resilience against economic and environmental shocks. A recent Fitch Ratings report reveals a rise in Australian mortgage arrears despite Australians continue to service their debts amidst increasing interest rates and inflation. Lastly, a trend in 'rentvesting' is taking hold among Australian first-time homebuyers, particularly in New South Wales, Queensland, and Victoria. More people are investing in rental properties and using guarantor loans to enter the property market with future-focused investments while maintaining their current lifestyle. For more finance news, visit financialservicesonline.com.au.n