Finance News Wrap

Tue, 16th Apr 2024


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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, indicates their strategy's success. Principal Asset Management reports on potential risks for central banks in the changing economic climate, cautioning the Federal Reserve about premature interest rate reductions. Australia faces challenges with high inflation rates and falling consumer sentiment, requiring careful policy adjustment by financial authorities. Contrarily, resilient housing market trends defy negative predictions, with increases in home loan commitments. However, concerns about borrowing capabilities and increased mortgage costs under inflationary pressures persist. For more finance updates, tune into financialservicesonline.com.au.n
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Finance News WrapBy Paige Estritori