Sat, 9th Aug 2025

In this episode, Paige Estritori discusses key Australian financial news. The UBS Global Wealth Report shows Australia ranking second in global median wealth, yet economic disparities and wealth distribution issues prove challenging. Experts predict robust debates on affordable housing, inflation, and wage growth. Assistant Treasurer Daniel Mulino highlights the Australian financial sector's role in national productivity, indicating the pending Economic Reform Roundtable's role in promoting productivity and budget sustainability. A focus is the necessary superannuation funds' regulation reforms to support investment in renewables and affordable housing. On the housing front, rising land costs magnify housing affordability issues for first-time buyers. Analysts urge government intervention to balance housing supply and demand. Lastly, a major class action insurance lawsuit involving Suncorp ends in a $34M settlement despite denied allegations of unlawful sales practices.n