This edition of the Weekly Finance News Wrap with Paige Estritori, powered by Financial Services Online, discusses major changes in Australian finance. The Reserve Bank of Australia is undergoing its most significant overhaul in 30 years, marked by the appointment of former CEO of Bendigo Bank, Marnie Barker, and Australian National University's Renee Fry-McKibbin as advisory board members. A potential interest rate cut by the RBA could bring much-needed economic relief. In contrast, New Zealand is facing a potential economic recession, with a 4.6% drop in per capita GDP. Back in Australia, the ASX sees a decline in listed companies, indicative of investors' lean towards private markets. These changes could reshape the investment and financial landscapes in 2025.

In this episode of Weekly Finance News Wrap, we discuss the notable decline in ASX listings as investors show increased interest in private markets, marked by a significant drop in global funds raised through IPOs. We also cover the possibility of rate cuts by the Reserve Bank of Australia following their decision to maintain the current interest rate, a development closely tied to inflation control and the outcome of the upcoming federal elections. Business confidence experienced a decline with manufacturing and retail sectors being most affected, yet the service sector stays resilient. Lastly, episodic financial advice is emerging as a preferred model over traditional full-service models, as Australians seek specific advice on retirement, investment, and tax issues. Catch us next week for more updates on Australia's financial landscape.

In this episode, Paige Estritori of Financial Services Online covers key developments in the financial industry for the week of December 15th, 2024. Topics include a shift in investor preferences towards private markets and the decline of listed companies on the Australian Securities Exchange, indicating a global trend. A potential change in the Reserve Bank of Australias monetary policy to ease interest rates is discussed, promising economic relief. Despite a dip in business confidence and ongoing housing market issues, resilience is observed in robust capacity utilisation and rising capital expenditure. Lastly, the podcast explores the growing trend of episodic financial advice among Australians, reflecting a broader push for personalized financial plans tailored to individual needs. This episode offers valuable insights on the evolving financial landscape.

This podcast discussion, anchored by Paige Estritori, outlines the significant developments in Australia's financial landscape for the week of December 14, 2024. It includes the decline in number of companies listed on the ASX and the consequential global impacts, as well as a marked shift towards private markets. The Reserve Bank of Australia hints at a potential interest rate cut in early 2025 following maintained rates at 4.35%. Business confidence dipped in November, with distinct impacts on various sectors and regions. The housing market imbalance continues despite increased listings and calls for interest rate reductions. The 2024 Australian Financial Advice Report indicates a preference for episodic advice over traditional models in the financial advisory space. The podcast concludes by emphasising the need for advisory services to be responsive, accessible, and cost-effective.

On this week's Financial Services Online podcast, Paige Estritori observes a remarkable shift in investor behaviour at the ASX with a decline in listed companies indicating a movement towards private markets. The podcast also touched on investment group EQT launching EQT Nexus catering to wholesale investors. In the monetary policy landscape, the prospect of an interest rate cut by the Reserve Bank of Australia is speculated. Business confidence dipped sharply in November, affecting manufacturing and retail while services remain resilient. The housing market shows signs of struggle with affordability issues and declining sales. The financial advice industry sees a move towards episodic engagements. The 2024 Australian Financial Advice Report reveals growing interest in issue-specific guidance among Australian adults. Stay informed on finance updates with weekly episodes from Financial Services Online.

In this episode of Financial Services Online Weekly Finance, Paige Estritori discusses the Australian financial landscape. Major topics include a possible interest rate cut signalled by the Reserve Bank of Australia after holding the current rate at 4.35%, and increased optimism after a change in language surrounding rate hikes. Notably, the November decline in business confidence, with a particularly negative impact on South Australia and Victoria's manufacturing and retail sectors. The housing market faces challenges due to increased listings and decreasing sales. On a positive note, the 2024 Australian Financial Advice Report shows a preference for issue-specific advice over traditional full-service models. Upcoming changes in ANZ Bank leadership are also covered as veteran CEO Shayne Elliot is set to step down for Nuno Matos to take charge in July 2025.

This week's Finance News Wrap discusses the 2024 Australian Financial Advice Report wherein almost half of Australia's adult population indicates a preferential shift from full-service financial advice to issue-specific guidance on retirement, investments, taxes, and home ownership. The episode also covers significant leadership changes in the ANZ Bank with Nuno Matos set to take over from Shayne Elliott, focusing on the integration of the Suncorp Bank acquisition. The show addresses the growing housing affordability issue and the rise of 40-year mortgages. Additionally, the Australian dollar is facing instability with its value dropping to a six-month low due to global economic factors. Predictions for 2025 hint at possible slowdown in growth and inflation. Tune in for this comprehensive rundown of Australia's finance sector.n

In this week's Weekly Finance News Wrap from Financial Services Online, host Paige Estritori discusses developments in Australian finance. High housing costs in Australia have led lenders to propose unconventional solutions like 40-year mortgages, despite the long-term high interest drawback. Global shifts have resulted in the Australian dollar dropping to a six-month low, due to a stronger US dollar, and mixed signals from Chinese employment reports. Rebranding efforts are underway for AMP, moving towards an adviser-centric model under CEO Matt Lawler. In New Zealand, significant cash rate reductions are anticipated by the Reserve Bank to maintain inflation and manage economic capacity. Estritori warns to prepare for potential stagflation and points to further rate cuts in 2025 based on developing economic indicators.n

In the latest Weekly Finance News Wrap, Australia grapples with rising housing costs, prompting actions like Pepper Money's 40-year mortgages. However, this strategy might further drive up housing prices and debt. Policymakers weigh options like immigration caps and tax changes. The Australian dollar's value dipped due to shifting global economic dynamics and rising US dollar strength, with stagnation in growth and inflation possible by 2025. In corporate news, AMP will transform AMP Advice and AMP Financial Planning into 'NewCo,' improving its financial network following the sale of its licensee arm to Entireti. Lastly, the Reserve Bank of New Zealand plans to cut the official cash rate to 4.25%, subject to economic indicators. Join the Weekly Finance News Wrap again for the latest financial insights.

In this episode of the 'Weekly Finance News Wrap', Paige Estritori discusses key financial developments in Australia. One of the major concerns is housing affordability due to rising purchase and rental costs, and the potential implications of long-term mortgages. Additionally, the Australian dollar stumbles to a six-month low due to shifting global dynamics. In other news, transformation is afoot at AMP, which has sold AMP Advice and AMP Financial Planning to Entireti and introduced their successor, NewCo. Over in New Zealand, a significant drop in the official cash rate is anticipated by the Reserve Bank. The podcast wraps up by urging listeners to stay financially savvy and await further developments.n