This week's finance news wrap by Paige Estritori for Financial Services Online covers a range of topics. The Australian Prudential Regulation Authority's new policy targets high-risk lending, limiting banks from issuing more than 20% of new home loans with a high debt-to-income ratio. In the auto industry, used car market remains steady with dealer-led transactions dominating and a noticeable shift towards low-emission vehicles. The Clean Energy Finance Corporation collaborates with Hyundai Capital Australia to boost electric vehicle adoption by reducing upfront costs through sizable investments. Energy costs in New South Wales and Queensland have marked a dip due to mild weather, higher renewable energy output, and market stability. The summary concludes by urging individuals to stay informed and maximize industry changes for their benefit.
