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Speaker 1: It's Wednesday, the fifteenth of January twenty twenty five. Welcome

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Speaker 1: to the Fast five Business News by Fear and Greed,

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Speaker 1: where we give you the top five business stories you

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Speaker 1: need to know. When it's five minutes A'm Michael Thompson

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Speaker 1: and good morning Sean Aylmer.

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Speaker 2: Good morning, Michael Shawn.

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Speaker 1: Five big stories to get through in five minutes. Let's

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Speaker 1: go a story. Number one, good news for renters with

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Speaker 1: the pace of growth in monthly payments across the capital

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Speaker 1: cities now flat.

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Speaker 2: Long time coming. In fact, back in twenty twenty three,

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Speaker 2: rents rows nationally by eight percent. Last year they're up

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Speaker 2: by about five percent, but in the December quarter in

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Speaker 2: the capital cities they were flat. In the regions they're

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Speaker 2: up a little over one percent. But it is finally

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Speaker 2: some good news for renters. Basically, the rental market is

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Speaker 2: past peak growth. Good news for renters, maybe not so

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Speaker 2: much for investors. The band is in this Rents are

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Speaker 2: actually up thirty six percent nationally since COVID. That's about

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Speaker 2: nine thousand bucks a year. That's a lot of money

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Speaker 2: that renters have to find another way of looking at it.

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Speaker 2: According to core Logic, who provided the figures, rent spending

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Speaker 2: is now thirty three percent of pre tax income. That's

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Speaker 2: based on the median rent thirty three percent. That's the

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Speaker 2: highest level since figures started being compiled back in two

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Speaker 2: thousand and six. It's met people are living home for longer.

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Speaker 2: There are larger sharehouseholds now unwinding that COVID trend that

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Speaker 2: actually went the other way. The most recent easing probably

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Speaker 2: because of a reduction in net boingration. That's at the

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Speaker 2: demand side. On the supply side, there is more stock

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Speaker 2: on the market.

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Speaker 1: Sean On story number two. Consumer sentiment has fallen for

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Speaker 1: a second successive month, but purchasing intentions suggest upside in

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Speaker 1: twenty and twenty five.

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Speaker 2: So it's a bit of a mixed story from the

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Speaker 2: Westpac Melbourne Institute survey. When it was done, the Aussie

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Speaker 2: dollar had fallen and that certainly hurt conference. We've now

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Speaker 2: had thirty five months, almost three years of negative consumer sentiment. However,

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Speaker 2: when you look beyond the top line numbers, some of

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Speaker 2: the opponents are actually improving. It looks a slight consumer

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Speaker 2: sentiment is picking up somewhat. Consumer sentiment, of course, encourages spending.

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Speaker 2: That's good news for the economy. We've had a few

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Speaker 2: retailers come out in the past few days City Sheet yesterday,

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Speaker 2: my Premiere Investments on Monday. They haven't reported strong sales growth,

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Speaker 2: so good news on that front in terms of consumer sentiment.

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Speaker 2: Encouraging spending is good news for the economy.

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Speaker 1: Story number three Sean. I find this story absolutely fascinating.

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Speaker 1: Quantus and South African Airways have delayed or re routed

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Speaker 1: flights between Australia and Southern Africa as a result of

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Speaker 1: the re entry into the Earth's atmosphere of Elon Musk's

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Speaker 1: SpaceX rockets.

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Speaker 2: Pretty amazing. They re enter the Earth's atmosphere around the

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Speaker 2: Southern Indian Ocean. That's because it is the most remote

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Speaker 2: part of the world. Problem, of course, is that South

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Speaker 2: African allies and Quantus in our case, they're flying that route.

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Speaker 2: Quantas in the last few days have had to delay

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Speaker 2: flights by up to six hours because they fear the

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Speaker 2: impact of flying debris. They told the Australian Quantus this

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Speaker 2: is the last few days the flight's been delayed from

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Speaker 2: advice from the US government. Now they've gone to SpaceX.

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Speaker 2: Quantus has gone to SpaceX and said can you refine

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Speaker 2: when these re entries will occur. That way, we don't

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Speaker 2: have to stuff up our flight planning SpaceX and the

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Speaker 2: US government has explained that this isn't an exact science,

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Speaker 2: you know, it depends on the weather and stuff like that.

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Speaker 2: As a result, passengers, well they're the ones that are

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Speaker 2: being delayed on their flights from South Africa to Sydney

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Speaker 2: or do Australia.

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Speaker 1: Sean a serious story for story on before heading overseas

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Speaker 1: for this one. US mediators have sent the final draft

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Speaker 1: of a ceasefire proposal to Israel and Hamas admit a

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Speaker 1: breakthrough in talks over a deal to end the war

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Speaker 1: in Gaza and secure the release of hostages.

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Speaker 2: Media is reporting it's the closest the two sides have

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Speaker 2: been to reaching an agreement. Joe Biden, the US President, said,

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Speaker 2: we are at the brink. Certainly sounds promising. The deal

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Speaker 2: appears to have been breaken by the US, Egypt, and Qatar.

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Speaker 2: A little bit of Trump diplomacy, and this has probably helped.

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Speaker 2: He has said previously that if this isn't sorted out

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Speaker 2: by the time he's inaugurated, which is twentieth of January,

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Speaker 2: there'll be all hell to pay. I don't think anyone

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Speaker 2: knows what that actually means, and maybe that has encouraged

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Speaker 2: some size Hamas specifically to come to the table.

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Speaker 1: All right. Change of pace to finish on here. Story

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Speaker 1: number five Shine, Big News, Big day for burger Lover's. Wendy's,

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Speaker 1: the world's third largest food chain, is launching in Australia

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Speaker 1: this morning.

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Speaker 2: First local store in forty years. Wants to take on

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Speaker 2: McDonald's subway the rest of the quick service restaurant sector. Wendy's,

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Speaker 2: or the rights to Wendy's, is owned by a crowd

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Speaker 2: called the fling Group. They're a US based organization. It

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Speaker 2: Flinn Group has thousands of Wendy's, They's, Applebee's, and tyco

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Speaker 2: Bell stores in the US. It also owns Pizza Hut

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Speaker 2: in Australia, so it knows the local market. Wendy's his

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Speaker 2: launching in Surface Paradise this morning, famous for its square

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Speaker 2: burger patties and the red headed girl in its advertisement

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Speaker 2: She's Redheaded Girl, freckles and peat tales. Apparently she is

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Speaker 2: the founder's daughter or based on the founder's daughter. Wendy's

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Speaker 2: has been here closed It's eleven stores back in early

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Speaker 2: nine and eighty still has a bit to catch up.

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Speaker 2: In terms of revenue, McDonald's is way ahead of the

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Speaker 2: rest of the quick service restaurant community. Hungery of Jack's

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Speaker 2: comes in number two, Young which is KURFC, Number three

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Speaker 2: Domino's and then Subway.

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Speaker 1: All right, there we go, the top five business stories

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Speaker 1: in five minutes. Thank you Sean, Thank you Michael. It

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Speaker 1: is Wednesday, the fifteenth of January twenty twenty five. Remember

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Speaker 1: to hit follow on the podcast. And if five minutes

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Speaker 1: isn't enough, you're going to find our longer daily show

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Speaker 1: called Fear and Greed whereever you listen to podcasts. I'm

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Speaker 1: Michael Thompson and that was the past five business news

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Speaker 1: by Fear and Greed. Have a great day.