Thu, 11th Jun 2026

What this episode covers

In this episode, Paige Estritori from Financial Services Online delivers a financial news wrap identifying recent happenings in Australia. APRA is holding steady on a 3% mortgage serviceability buffer despite global market uncertainties to ensure financial stability and borrower resilience. Moreover, Essential Caravans purchased Zone RV but warns former Zone RV customers of potential financial losses, despite offering new caravans at cost price with cautios deposit guidelines. In addition, Australia's marine industry is confronting significant labour shortages, with 90% of businesses concerned. Collaboration with education establishments is proposed to boost skill development and create career opportunities. Lastly, a surge in living expenses has led to record-breaking personal loan borrowing in Australia, reaching $5.1 billion in the first quarter. Experts emphasize the importance of understanding loan terms and careful financial planning, with average personal loan interest rates at 9%, significantly higher than new mortgages.n

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