Sat, 17th May 2025

This episode of Financial Services Online's Weekly Finance News with Paige Estritori covers major financial updates impacting Australia. Falling real per capita household disposable income is causing concern as it contrasts with a 1.8% rise in other OECD countries. Experts are calling for strategies to boost productivity and trade amid fears of economic stagnation. Meanwhile, the ASX experienced an 11-week high, thanks to a pause in tariff increases between the U.S. and China, providing some positivity among fears of a global slowdown. The Australian housing market presents challenges with skyrocketing home prices, despite the booming ASX potentially impacting potential buyers and renters. Lastly, AI is seen as a game-changer in the financial advisory sector with 82% of Australian advice businesses planning to implement it.