Tue, 2nd Sep 2025

This podcast episode traces key developments in Australias financial services on 2nd September 2025. It discusses the Labor governments expansion of its low deposit home buyer scheme likely to increase house prices and offers an exploratory analysis of its potential consequences on property affordability. Equally significant is New South Wales' comprehensive review of its Compulsory Third Party insurance and lifetime care schemes seeking public and professional opinions. Intriguing insights on wealth creation challenge the myth of high income as the only path to millionaire status through presenting systematic small savings as an effective alternative. Finally, the show criticizes the Your Future Your Super performance test for its insufficient account of investment product diversity and reports rising demands for reform in the sector. For more information, visit financialservicesonline.com.au.