Fri, 31st Jan 2025

In this episode of "Weekly Finance News Wrap," discussion focuses on Australia's escalating housing crisis due to high prices, particularly the widening price gap between standalone houses and units in Melbourne. The underlying cause is the scarcity of land, likely to worsen with increasing population. On a global scale, the podcast covers the launch of DeepSeeks free open-source AI model, causing significant financial market fluctuations including a drop in Euro STOXX 50 and tech stocks, a weakened US dollar, and Bitcoin falling below $100,000. In other Australian property news, there is a trend of increased property listings and weaker buyer demand in Sydney and Melbourne, with slowing growth in Brisbane and Perth potentially leading to negative values if interest rates don't drop. The episode concludes with anticipated significant monetary policy decisions in the coming week.