Tue, 15th Jul 2025

In this Weekly Financial News Wrap from Financial Services Online, we discuss the concerning trend of financial advisers opting not to practice despite passing the exam, with many analysts attributing this to structural and economic barriers. The industry might need to adopt streamlined licensing processes and enhanced mentorship schemes to attract new entrants. The Reserve Bank of Australia's decision to retain a 3.85% interest rate has positively influenced Melbourne's housing market, making it an appealing option for potential homebuyers. There is also a push for financial advisers to have read-only access to the Australian Taxation Office portal to improve end-of-financial-year processes. Finally, the Reserve Bank's rate hold has impacted property price growth, with an upcoming rate cut potentially lowering it below three percent by the year's end.