In this episode of Daily Financial Services News Wrap, discussion centers on the growing demand for affordable financial advice among Australians due to rising living costs. New research by Colonial First State divulges that many Australians are not sufficiently aware of the benefits of financial advice, builds the case for further government's involvement in easing access to these services, and shows how superannification accounts can help mitigate advice fees. We also look at predictions of a surge in Brisbane's property market ahead of the 2032 Olympics. However, experts advise caution as the link between Olympic Games and sustained real estate booms is unproven. Lastly, financial markets anticipate an upcoming interest rate cut by the Reserve Bank of Australia which may stimulate borrowing, spending, and investments.
