In this edition of Financial Services Online, Paige Estritori discusses the monetary hardships small and medium businesses are facing with rising costs and falling profits, and the particularly affected hospitality areas in Western Sydney and Southeast Queensland. The show covers a controversial proposal by Coalition lawmakers to tap into superannuation for housing deposits, with the Super Members Council arguing it could inflate house prices and mortgages. The podcast delves into the rising reliance on 'finfluencers', or finance influencers, among many Australians, especially Generation Z, despite warnings about verifying online advice independently. Wrapping up, Estritori talks about the surge in cash property purchases without mortgages in affluent eastern coastal suburbs, and the influence of this trend on the market. Visit www.financialservicesonline.com.au for more financial insights.
