Sat, 7th Dec 2024

In this episode of the 'Weekly Finance News Wrap', Paige Estritori discusses key financial developments in Australia. One of the major concerns is housing affordability due to rising purchase and rental costs, and the potential implications of long-term mortgages. Additionally, the Australian dollar stumbles to a six-month low due to shifting global dynamics. In other news, transformation is afoot at AMP, which has sold AMP Advice and AMP Financial Planning to Entireti and introduced their successor, NewCo. Over in New Zealand, a significant drop in the official cash rate is anticipated by the Reserve Bank. The podcast wraps up by urging listeners to stay financially savvy and await further developments.n