Thu, 9th Jul 2026
from Finance News Wrap Hosted by Paige Estritori
In this week's Finance News Wrap, Financial Services Online explores Australia's changing financial and EV landscape. The Reserve Bank of Australia reports a 0.7% rise in total credit in May 2026, largely driven by robust demand in business credit. However, lenders remain stringent, prompting businesses to thoroughly prepare loan applications. Australia's financial advice sector presents a disparity, as despite a 71.7% pass rate at June 2026s Financial Advisers Exam, the number of advisers dipped below 15,000. In the EV industry, new additions like Farizon's F3E and Leapmotor B05 serve varied needs of small business and cost-conscious buyers, respectively, but considerations about whole-of-life costs and suitability are paramount. Loan calculators are advised for assessing total EV ownership costs. To stay updated, visit financialservicesonline.com.au.
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