Wed, 17th Jul 2024

In this podcast, Paige Estritori addresses financial issues affecting Australia on July 17th, 2024. The housing crisis is front and center, with construction costs up 30% and Australia falling short of its housing target by over 70,000 homes. She also highlights the labor shortage and rising interest rates as obstacles. Next, she praises Suncorp's efforts to promote financial equality via the third Reconciliation Action Plan, aimed at improving service accessibility for First Nations communities. On the stock front, ASX shares were at a two-week high, led by a rally in energy stocks, though Australian households face potentially the toughest economic times since the 90s with wage stagnation and rising costs. Policymakers need to intervene to offset these hardships. Stay informed with Financial Services Online for more updates.