This episode of the Daily Financial Services News Wrap covers the difficult condition of Australia's housing market and the impact on first-home buyers. Despite record-low affordability, home buyers are increasingly using the Home Guarantee Scheme, which has significantly fueled the popularity of affordable housing options outside city centers and apartments. The most recent quarter has shown heightened first-home buyer activity under the expanded 5% Deposit Scheme. Rising property prices and lower interest rates have made new construction a promising choice as well, although increased demand might mean longer construction timelines and cost increases. The episode ends with the news of BlackRock's iShares S&P/ASX 20 exchange-traded fund being named the Best Australian Shares ETF in Money magazines 2026 Best of the Best awards, providing a potential opportunity for both seasoned and beginner investors.
