Thu, 7th Nov 2024

In this Weekly Finance News podcast from Financial Services Online, Paige Estritori discusses current Australian financial affairs. The Reserve Bank of Australia is maintaining interest rates despite easing inflation and pressure from Greensor Senator Nick McKim, supporting a cautious approach. The severe lack of affordable housing in Australia is also addressed, with only 14% of homes considered affordable for the average household. Rental properties are even less attainable, with just 11% within acceptable range for median income earners. Colonial First State, however, is making efforts to cater to Australians' needs through its partnership with Viridian Advisory. In other news, the NSW government is taking action to correct over $144 million in unauthorized merchant fee surcharges imposed by Service NSW. Stay updated for more insights on personal and business loan finance in Australia.