Sat, 11th Jan 2025

In this episode of the Weekly Finance News Wrap, Paige Estritori shares top financial stories impacting Australians. Bendigo and Adelaide Bank has replaced its $6 monthly fee with a $2.50 fee for cash withdrawals at branches, promoting its shift towards digital banking. This move stirs controversy due to potential implications for traditional banking customers. The Australian property market is critical as a 4.25% increase in interest rates fails to slow the surge in housing prices. This increases the mortgage service fee to nearly half of the household income, the lowest affordability since 2008. Experts predict varied outcomes for property prices in 2025 dependent on the Reserve Bank's future decisions regarding interest rates. This podcast, as always, brings you crucial finance news and trends.