In the latest Australian financial news, Bell Financial Group reports a dramatic fall in net profits of 44%, with revenue down 12.5% and their broking division dropping 23.5%, while operational costs increase. However, their technology and platforms sectors have seen a 12% upturn. Self-directed investors are being urged to take responsibility in the growing private credit market and do their due diligence and research to understand all the potential risks. The Reserve Bank's recent rate cut may have a limited effect on the housing market affordability, with prices predicted to continue to rise. The newly introduced Delivering Better Financial Outcomes law faces criticism for imposing administrative burdens and potential breaches on financial advisors. Updates are available on the Financial Services Online website.n