In this week's Financial Services Online Weekly Finance News Wrap, Paige Estritori discusses significant financial updates in Australia. The Australian mortgage market has reached a record $2.41 trillion, largely driven by the lively property market and increased lending. Housing costs are causing increased stress, with 22% of Australians concerned about mortgage and rent expenses, having doubled over the last five years. A rise in fixed mortgage rates by National Australia Bank indicates potential cash rate hikes. The programme also highlights an initiative by the Clean Energy Finance Corporation and CommonBank's EV Access Program to make electric vehicles more affordable with discounted loans for essential workers and those earning less than $100,000. The podcast urges listeners to stay informed and consider strategies to manage these emerging financial developments.n