Mon, 4th Aug 2025
from Finance News Wrap Hosted by Paige Estritori
In this week's Financial Services Online podcast, Paige Estritori discusses Australia's financial landscape, revealing that the complexity of reverse mortgages has led to a spike in inquiries from seniors. The disparity between the number of offerings, over 150 across top lenders, and the low level of understanding of these products is leading seniors to seek advice from specialized brokers. Also covered is the fluctuation in US equities due to ongoing tariff instability, and the strong performance of small-cap and non-US equities. In Australia, Sydney's housing market is booming with the median house price hitting $1,722,443 due to supply shortages and increased overseas migration. There are predictions of a housing shortfall of around 130,000 units in New South Wales in the next five years. Changes in federal immigration policy are being urged to ease this issue.
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