Sat, 2nd Aug 2025

The Weekly Finance News Wrap presents updates on the reverse mortgage market in Australia, the US economy, and Sydney's housing market. In Australia, the complexity of reverse mortgages is causing confusion among older Australians, with rising living costs and common misconceptions about these financial products aggravating the situation, asserts Seniors First. Meanwhile, in the US, ongoing tariff volatility is posing potential hard landing threats, as observed by Richard Weiss from American Century Investments. He notes that US equities are suffering, with return estimates for large-cap equities being scaled down. In contrast, small-cap and non-US equities promise better returns. Lastly, a supply shortfall is fueling Sydney's robust housing market, with house and unit prices peaking. Rapid migration is exacerbating the situation, prompting experts to suggest state action on federal immigration policies to manage housing affordability.