Sat, 30th Mar 2024

In this episode, Paige Estritori discusses the latest financial news in Australia. The Australian Prudential Regulation Authority announces comprehensive financial resilience assessments scheduled for next year as a key reform to bolster Australia's economic strength and responsiveness in face of unpredictable incidents. Australia witness a surge in mortgage arrears, hitting 1.21% in the last quarter of 2023, bringing financial strain to households although balance is provided by excess homeowner equity. Meanwhile, first-time homebuyers, or 'rentvestors', are capitalising on the property market by purchasing to let rather than utilizing property for personal residence, indicating a new trend in property investments. Tune in to Financial Services Online for more in-depth insights on Australia's financial sector.