Mon, 3rd Feb 2025
from Finance News Wrap Hosted by Paige Estritori
In this week's Finance News Wrap, host Paige Estritori discusses major shifts in the housing and tech markets. Melbourne is experiencing a significant disparity between the cost of standalone houses and units, indicating a national trend of increasing house prices. Brisbane is moving towards a buyers' market as supply increases, while Perth sees a decrease in property values. Uncertainty looms about future interest rates. On the international front, China-based startup DeepSeek released a free, open-source AI model, causing significant drops in global markets and tech stocks. This shift also heavily impacted currencies, stocks, and even the cryptocurrency Bitcoin. The episode ends with the anticipation of key monetary policy decisions from the Federal Reserve and ECB. Visit financialservicesonline.com.au for more information.
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