Mon, 22nd Jul 2024

This week on Financial Services Online, Paige Estritori discusses the current Australian financial scene for July 22nd, 2024. The conversation covers a wide range of topics, from the slight dip in the Australian share market, with technologically centred stocks suffering the most, to the banking sector where ANZ gears up to make a significant acquisition. Despite the introduction of fifty thousand new jobs, unemployment rose to 4.1% triggering concerns about potential rate hikes. The focus shifts to Australia's escalating housing crisis. Ambitious goals to build 1.2 million homes in the next five years are hindered by rising construction costs, labour shortages, and heightened interest rates. The podcast wraps up with a cursory glimpse of the Australian financial landscape and promises further updates in coming weeks.n