Thu, 7th Aug 2025

In this episode of the Weekly Finance News Wrap, Paige Estritori discusses the rise in Australian house prices and the challenges this poses for first-time buyers. The Commonwealth Bank's data indicates that interest rate cuts have led to a price increase, particularly for affordable homes. The impending rollout of the Albanese government's 5% deposit scheme could further intense competition and prices. The podcast also highlights the shift into a seller's market, driven by strong auction results and increased consumer sentiment. Discussing global finance, there are uncertainties in the American economy impacting the optimism of investors. Lastly, the segment discusses the confusion around reverse mortgages among older Australians, suggesting the use of specialised brokers to alleviate complexities and support seniors in their retirement planning. For more financial insights, visit financialservicesonline.com.au.