Wed, 10th Sep 2025

In this episode, Paige Estritori from Financial Services Online examines key finance developments. Australian incomes are under strain with a low growth of 3.5% over the past decade compared to an OECD average of 18.7%. Economist Chris Richardson suggests it may take until 2037 to regain pre-pandemic income levels without productivity improvements. The Federal Court extended a ban on Mayfair 101 Group director James Mawhinney from financial promotions due to reckless conduct. Australia's housing sector is rebounding, propelled by high auction clearance rates. The government's upcoming 5% deposit scheme for first-time buyers could additionally stimulate this market. Globally, a slowing US economy profoundly effects markets with a surge in safe-haven assets and boosts in the Australian dollar.n