With it being easier and easier to transfer money these days, it's very possible to get one digit wrong and send your money to the wrong account. Our resident finance journalist Harry O'Sullivan explains what to do in such a stressful scenario! Your recourse might be better than you think.

Earlier in the week, the Japanese Nikkei posted a loss of more than 12% - the worst drop since 1987, and one that plunged Japan into three decades of economic malaise, dubbed 'The Lost Generation'. It happened again on Monday, then staged a rally on Tuesday. The ASX and other share markets around the world experienced similar. And our little Aussie Battler AUD has taken a beating.

We also had an RBA monetary policy decision - a hold. Probably what Australia needs right now, a steady hand.

Here to talk us through all of this is Firstmac's CFO James Austin. Firstmac is Australia's largest non-bank lender with over $16b in loans under management. The company and James also have deep experience in Japanese funding markets.

In the interests of full disclosure, Savings.com.au is an associate of the Firstmac Group.

00:00-00:45: Intro

00:45-01:36: RBA Rate Cut Decision

01:36-02:44: Recession Fears

02:44-04:31: Japanese Nikkei & Yen

04:31-06:01: RBA Rate Cut Forecast

06:01-08:12: Car & Home Loan Delinquencies

08:12-11:04: APRA 3% Buffer

11:04-12:21: Refinancing Buffers

12:21-12:36: Outro

The RBA wouldn't normally take a backseat on its policy setting day, but recently, world financial news has had bigger fish to fry. Markets plunged, particularly in Japan, before staging a rally. Our AUD has taken a beating too. So we had James Austin, Firstmac CFO, on to make sense of it all.

Firstmac is the largest non-bank lender in Australia with over $16b in loans under management, and is an associate of Savings.com.au and the InfoChoice Group.

Plus we had resident finance journalist Harry O'Sullivan on to discuss what to do if you've transferred money to the wrong account. Oops!

00:00-01:42 – Intro

01:42-04:05 – Savings Tips of the Week

04:05-06:35 – RBA holds cash rate at 4.35%

06:35-10:55 – Big market drop, ‘Black Monday’ for Nikkei

10:55-14:43 – Up to 50% of the cost of a new home is

14:43-22:03 – What to do if you transfer money to the wrong account

22:03-34:38 – James Austin

34:38-36:11 - Outro

In some big news from NSW this week, the government has announced it will ban no-grounds evictions. This is aimed at clamping down on investors who evict tenants only to re-list the property with higher rental asking prices.

We were joined on the pod this week by Emma Duffy, the editor of Your Investment Property Magazine, to discuss what it all means and if it has investors annoyed.

Plus we also chatted about Melbourne's auction clearance rate and investor exodus in that market.

This week on the podcast we had Isabelle Charter on, dialling in from France. We discussed her new investing app, Drip Invest, that allows kids and parents to start investing with as little as $5. We discuss her journey, who backed the new venture, and how hard it was navigating both a new country and language, and the complexities of Australia's finance landscape!

This week on the podcast we had Isabelle Charter on, dialling in from France. We discussed her new investing app, Drip Invest, that allows kids and parents to start investing with as little as $5. Parents can approve their kids' investments, block or approve entire investment classes, and have different buckets for different goals and risk profiles. As Isabelle told us, the best way to learn is through doing it.

Plus we chat to Emma Duffy, Your Investment Property Magazine editor, about the new tenancy laws in NSW, and the latest news of course.

00:00-01:40 – Intro

01:40-04:32 – Savings Tips of the Week

04:32-06:54 – 1-in-6 don’t have $1000 in savings

06:54-10:45 – APRA keeps 3% mortgage buffer

10:45-13:22 – Car repossessions spiking

13:22-25:10 – Changes to NSW evictions laws, with Emma Duffy

25:10-50:06 – Isabelle Charter, Drip invest

50:06-51:41 – Outro

This week we covered a very interesting topic, and a sensitive one. We spoke to Denise about her recent article covering the ins and outs of buying a repossessed or foreclosed home. The two terms are used interchangeably but a little different. We discussed why or why not you'd buy one, the pros and cons, and if it's 'ethical'.

Despite interest rates rising, saving up for a deposit amid runaway housing price growth remains the biggest hurdle for a lot of first home buyers. Not everyone can rely on the Bank of Mum and Dad, or on government deposit schemes.

This is where OwnHome steps in, funding the deposit requirements up to 20%. The end result is that it can be cheaper than paying higher interest rates and LMI on low-deposit home loans.

We spoke to James Bowe to find out what OwnHome is, the benefits and risks, and his take on the state of the housing market.

Great chat!

Despite interest rates rising, saving up for a deposit amid runaway housing price growth remains the biggest hurdle for a lot of first home buyers. Not everyone can rely on the Bank of Mum and Dad, or on government deposit schemes.

This is where OwnHome steps in, funding the deposit requirements up to 20%. The end result is that it can be cheaper than paying higher interest rates and LMI on low-deposit home loans.

We spoke to James Bowe to find out what OwnHome is, the benefits and risks, and his take on the state of the housing market. Great chat!

Plus we spoke to resident finance journalist Denise Raward on the tips and tricks, pros and cons, of buying homes in repossession or foreclosure.

And of course, all the latest news.

For our fortnightly property wrap Emma explained to us the reasons for Melbourne's flatlining price growth recently. There's a lot of reasons, and long story short, investors are selling up, and it's the only balanced supply:demand city in Australia!