Finance News Wrap

In this episode, Paige Estritori discusses recent events in Australia's financial landscape. Major events included a 1.4% plunge in the ASX200 due to speculation over interest rate rises, combined with unexpected Consumer Price Index data, affecting banks, industrials, and mining companies. The Australian Dollar, however, saw a subtle rise. MetCash's acquisition of Superior Food Services also with...

In this weekly financial news wrap-up, the main focus is on Australia's rising income tax rates and prevailing inflation. Higher tax rates and lagging wage growth have impacted Australians' purchasing power and posed a challenge for policymakers to find a balance between boosting wage growth and easing the tax burden. Reminders are made regarding tax deadlines, stressing the importance of timely f...

In this episode of the Weekly Finance News Wrap, host Paige Estritori takes listeners through the latest financial trends in Australia. Contrasting high tax rates with stagnant wages, Estritori highlights the impact on purchasing power and the pressure on household finances as a result of increased interest rates. The tough task for policymakers to spur wage growth and cut taxes while wrestling wi...

In this episode of the Financial Services Online's Weekly Finance News Wrap, Paige Estritori discusses important upcoming dates regarding the Australian Taxation Office (ATO) and tax returns: July 1st, the start of the new fiscal year, and October 31st, the deadline to file tax returns. The severity of penalties for missing these ATO deadlines are underscored. The episode then moves to Australia's...

This weekly finance news wrap delves into crucial Australian financial updates. It begins with a reminder of two significant Australian Tax Office (ATO) dates (1st July start of financial year and 31st October tax return deadline). It warns of the substantial fines for late filing, with potential for severe consequences, particularly for large entities. It also shares the expectation of an economi...

This episode of the Weekly Finance News Wrap discusses crucial financial matters. Australians are reminded of the October 31st ATO tax deadline, with potential hefty fines for non-compliance. An upcoming CPI update could significantly influence the Reserve Bank's monetary policy as data shows a decrease in annual inflation to 4.1%. Rising concerns in education over a predicted 16% increase in stud...

In this episode of Financial Services Online's Weekly Finance News Wrap, Paige Estritori discusses key financial highlights affecting Australia's economy. The focus is on the upcoming Consumer Price Index update, as recent annual inflation dipped to 4.1%, prompting expectation of moderate policy adjustments from the Reserve Bank of Australia. A significant increase in Australian student loan debt...

In this episode of the Weekly Finance News Wrap, we discuss a projected 16% increase in student loans in Australia, creating concern for economists and the Green party. The Australian Prime Minister is investigating alternative indexation options to tackle this impending challenge. In the banking sector, the ANZ bank announces its discontinuation of issuing cheque books due to the significant decr...

In this week's finance roundup, there's worry over a potential 16% surge in Australian student loans under the Labor government, adding an immense $12.3 billion to students financial burden. Urgent policy reform is signaled by The Greens and Australian Universities Accord proposes solutions. In banking news, ANZ Bank is phasing out cheque books due to a 90% drop in use over the last decade, part o...

In this week's Australian finance news, concerns are raised over a predicted 16% surge in student debt under the current Labor government, potentially resulting in plans for policy changes and a review of HECS indexation. ANZ Bank announces it will cease issuing cheque books to new customers, reflecting a dramatic decrease in cheque usage and ongoing digital transformation. ClearBridge Investments...

This week's finance news highlights a concerning 16% rise in Australian student debt, sparking calls for urgent educational reform. The Prime Minister is considering a review of the Higher Education Contribution Scheme. In banking news, ANZ is discontinuing cheque books due to the digital shift and a 90% drop in cheque use over the past decade, but it assures existing cheque customers will retain...

Paige Estritori from Financial Services Online provides fresh insights from the Australian finance scene in her Weekly Finance News Wrap. ClearBridge Investments optimistic forecast sees recession risk dropping and strong recovery from the pandemic. Mark Jefferson advises investing in small-cap stocks and the S&P 493 index while praising the growth of the housing, retail, industrial, and credit se...

In this week's Financial Services Online podcast, host Paige Estritori discusses key activities in the finance sector. Centuria Capital Group's acquisition of an additional 30% stake in Centuria Bass Credit is analyzed—its a strategic move expected to bolster the company's earnings despite a recent cut in distributions. The episode also explores the challenges faced by the US Federal Reserve as it...

In this week's episode, Paige Estritori discusses significant developments in the financial market. Topics include Centuria Capital Group's increased stakes in the Australian property debt market, enhancing its overall hold to 80%. Despite previous losses, this strategic move reflects investor demand for unique options. A rise in assets under management, from $0.3 billion to $1.7 billion, indicate...

In this edition of Weekly Finance News Wrap, Paige Estritori provides an update on Australia's economic and housing news. Consumer sentiment in Australia appears gloomy, as highlighted by a 2.4% decline in Westpac's April survey, indicating economic uncertainty due to high inflation rates, increased interest rates, and reduced disposable income. However, Australia's housing market remains resilien...

In this episode, Paige Estritori presents a bleak outlook of Australia's economy, highlighting the fall in consumer sentiment due to rising inflation and interest rates. Despite this, she reveals a surprising show of resilience as Australians stay involved in the housing market, with an increase in new home loan commitments in February, particularly from first home buyers. Nevertheless, stress con...

In this episode of Financial Services Online's Weekly Finance News Wrap, Paige Estritori discusses the unsettling 2.4% drop in Australian consumer sentiment revealed by Westpac's April survey, facing increased economic skepticism from climbing inflation and interest rates. The Reserve Bank of Australia's struggle to control inflation without hampering household finances is affecting disposable inc...

On the latest edition of the Weekly Finance News Wrap, Paige Estritori discusses notable economic trends in Australia. There's a downward trend in consumer sentiment, which dropped by 2.4 percent, reflecting the impact of inflation and high interest rates; however, this is counteracted by a resilient housing market. New home loan commitments in February exceeded expectations, reaching $26.4 billio...

In this episode, Paige Estritori breaks down Australia's financial scene. The country's consumer sentiment is negatively impacted by high inflation, high-interest rates, and reduced disposable income, leading to concerns about a more significant economic slowdown. Meanwhile, despite economic challenges, the Australian housing market remains resilient, with new home loan commitments increasing by 1...

In this week's episode of Financial Services Online's Weekly Finance News Wrap, we discuss the resilience and innovation of Australia's housing market that, despite economic pressures and rate hikes from the Reserve Bank, remained unexpectedly strong. The Australian Bureau of Statistics reported a 1.5% increase in new home loans, totaling $26.4 billion in February. Moreover, owner-occupier loans a...

In this week's finance news, the Australian housing market showed resilience as new home loan commitments rose by 1.5 percent to $26.4 billion in February, spurred by post-pandemic migration and a lull in new home construction. However, the market faces challenges with a construction shortfall due to increasing building costs and labour and material shortages. In retirement planning, a Challenger...

On this episode of the Weekly Finance News Wrap, we discuss a study by Challenger Limited suggesting professional financial advice aids Australians' economic stability, particularly in their retirement years. Meanwhile, Insurance Australia Group has addressed payroll discrepancies by allocating over $37 million to staff. The company has also begun transitioning to an automated payroll system, demo...

In this episode, Paige Estritori discusses recent financial headlines in Australia and the global scene. It begins with Australia's new 'Disconnect Law' set to protect employees from after-hour work-related calls and messages, encouraging better work-life balance and mental health preservation. Amidst rising inflation globally, a survey reveals growing financial insecurity among adults. Australian...

This episode of the Weekly Finance News Wrap with Paige Estritori covers significant Australian finance stories. Starting August, a new law in Australia allows employees of larger firms to disconnect from work-related calls and messages post-hours without fear. This legislation aims to protect mental health and improve work culture. Small businesses will enact similar regulations by 2025. The epis...

This episode of "Weekly Finance News Wrap" with host Paige Estritori discusses key financial developments in Australia and around the globe. There's a focus on Australia's upcoming 'disconnect' law that allows employees to ignore work calls outside working hours without repercussions, aiming to protect mental health and improve work culture. The global issue of inflation and its impact on financia...