Sun, 2nd Mar 2025

In this episode of the Weekly Finance News Wrap, Paige Estritori discusses how the Australian housing market is rebounding after a slight lull, with Sydney and Melbourne seeing a significant upswing after a quarter-percentage rate cut by the reserve bank. With more rate cuts anticipated and higher auction clearance rates, the housing market recovery appears strong. However, potential affordability issues are on the horizon. The episode also reports on the Coalition's proposition to alleviate burdens for small businesses by simplifying meal expense deductions. The proposed tax policy, still in discussion, may permit deductions up to $20,000 without incurring the current 47% fringe benefits tax. A major shift for 'small' businesses, especially finance-based ones, which often entail meal meetings. Future stories and personal or business finance insights are available at financialservicesonline.com.au.