Fri, 30th May 2025

In this episode of Financial Services Online's Weekly Finance News Wrap, host Paige Estritori discusses the financial strains faced by Australians, rising living costs, and the link between financial stability and mental well-being. Featuring a report from Colonial First State, the show reveals that 42% of Australians cannot sustain their lifestyle for more than three months without employment. Meanwhile, the financial advice sector, post the Hayne Royal Commission, is showing signs of revival and stability. In the real estate market, research suggests home ownership may be more attainable for young people due to rising rents. The concept of "rentvesting" is highlighted, reaching toward a potential of owning a $590,000 property for a weekly payment of $659. Lastly, the podcast addresses the challenges of "capital shallowing" as Australia faces a booming population growth, calling for strategic planning to maintain productivity and living standards.n