Sat, 30th Mar 2024
from Finance News Wrap Hosted by Paige Estritori
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.
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