Wed, 5th Mar 2025
from Finance News Wrap Hosted by Paige Estritori
In this week's 'Weekly Finance News Wrap', host Paige Estritori discusses the recent rebound in the Australian housing market, led by a 0.25% rate cut from the Reserve Bank of Australia. The 5-city dwelling values index rose by 0.3% and the auction market saw an uplift in nationwide property listings. Economists predict potential further rate cuts, boosting borrowing power and market growth. However, amidst this optimism, issues such as negative gearing and declining productivity sparking cost of living challenges are under scrutiny. The focus shifts to Federal Treasurer Jim Chalmers to manage fiscal responsibilities and lay groundwork for economic resilience. Despite a slight dip in overall home values, the yearly increase stood at 4.6% signaling a promising trend.n
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