1 00:00:04,200 --> 00:00:07,440 Speaker 1: It's Monday, the third of November twenty twenty five. Welcome 2 00:00:07,440 --> 00:00:09,760 Speaker 1: to the Fast five Business News by Fear and Greed, 3 00:00:09,800 --> 00:00:11,640 Speaker 1: where we give you the top five business stories you 4 00:00:11,680 --> 00:00:13,000 Speaker 1: need to know in just five minutes. 5 00:00:13,039 --> 00:00:16,239 Speaker 2: Are Michael Thompson and Good morning, Sean Aylmer, Good morning, 6 00:00:16,280 --> 00:00:19,520 Speaker 2: Michael Shawn. Five stories in five minutes. Let's go storing. 7 00:00:19,600 --> 00:00:20,079 Speaker 2: Number one. 8 00:00:20,120 --> 00:00:23,320 Speaker 1: House prices have entered a new growth cycle, with values 9 00:00:23,360 --> 00:00:27,160 Speaker 1: across Australia growing at their fastest pace in over two 10 00:00:27,280 --> 00:00:29,760 Speaker 1: years on the back of lower interest rates and government support. 11 00:00:30,120 --> 00:00:32,400 Speaker 3: National values were up more than one percent last month 12 00:00:32,440 --> 00:00:35,240 Speaker 3: according to Totality. The annual growth rates now six point 13 00:00:35,280 --> 00:00:38,000 Speaker 3: one percent, solid rate of return, not quite the nine 14 00:00:38,000 --> 00:00:40,360 Speaker 3: percent return from the AX or the fifty percent return 15 00:00:40,360 --> 00:00:43,120 Speaker 3: from bitcoin. Of course, housing comes with a little less 16 00:00:43,159 --> 00:00:46,640 Speaker 3: risk than cryptocurrencies. These step up in prices coincides with 17 00:00:46,720 --> 00:00:49,000 Speaker 3: rate cuts as well as an expansion of the deposit 18 00:00:49,040 --> 00:00:52,920 Speaker 3: guarantee scheme, which increases competition for more affordable housing. There's 19 00:00:52,960 --> 00:00:55,840 Speaker 3: also a national shortage of housing, with Totality estimating that 20 00:00:55,920 --> 00:00:59,520 Speaker 3: supply levels are about eighteen percent below average. It is 21 00:00:59,560 --> 00:01:02,760 Speaker 3: the middle to lower quartile where values are rising most. 22 00:01:02,920 --> 00:01:06,480 Speaker 3: In fact, higher prices mean the financial benefit to borrowers 23 00:01:06,680 --> 00:01:09,800 Speaker 3: of lower interest rates has already been wiped out in 24 00:01:09,880 --> 00:01:13,160 Speaker 3: many markets across the combined capitals. The one point one 25 00:01:13,160 --> 00:01:15,680 Speaker 3: percent gain and octaber equates to an increase of ten 26 00:01:15,720 --> 00:01:18,960 Speaker 3: thousand dollars in the medium dwelling value over the month 27 00:01:19,040 --> 00:01:21,720 Speaker 3: since February, when the reserve and cut rates. Capital city 28 00:01:21,760 --> 00:01:25,560 Speaker 3: dwelling values are up six percent, or approximately fifty four 29 00:01:25,600 --> 00:01:26,320 Speaker 3: thousand dollars. 30 00:01:27,240 --> 00:01:31,160 Speaker 1: Which markets are hottest, So we're talking Perth, Brisbean, Adelaide still. 31 00:01:31,240 --> 00:01:33,720 Speaker 3: Yeah, throw Darwin in as well. City prices up about 32 00:01:33,800 --> 00:01:36,240 Speaker 3: zero point seven percent last month, four percent for the year. 33 00:01:36,520 --> 00:01:38,880 Speaker 3: Melbourne was stronger last month zero point nine percent, three 34 00:01:38,880 --> 00:01:41,120 Speaker 3: point three percent for the year. The regions are doing 35 00:01:41,160 --> 00:01:44,560 Speaker 3: pretty well. Can it keep rising? Demand is far greater 36 00:01:44,640 --> 00:01:48,000 Speaker 3: than supply. Auction clearance straits are coming in around seventy percent, 37 00:01:48,040 --> 00:01:50,560 Speaker 3: which is above the long term average. These days government 38 00:01:50,600 --> 00:01:54,200 Speaker 3: support packages. However, if interest rates top rising, that's a 39 00:01:54,240 --> 00:01:58,240 Speaker 3: strong possibility. Given last week's hot inflation reading, price increases 40 00:01:58,280 --> 00:02:01,840 Speaker 3: could moderate and pricing is expensive. 41 00:02:01,880 --> 00:02:04,240 Speaker 2: Michael Okay moving on to story number two. 42 00:02:04,280 --> 00:02:07,520 Speaker 1: Now, Sean and the Wall Street tech giants are outpacing 43 00:02:07,560 --> 00:02:10,679 Speaker 1: the market, notwithstanding predictions of doom over the past year, 44 00:02:10,960 --> 00:02:14,000 Speaker 1: with profit reports over the weekend pushing share prices higher. 45 00:02:14,440 --> 00:02:19,280 Speaker 3: Yeah, so Meta's share price fell, Amazon was higher, Apple 46 00:02:19,320 --> 00:02:22,600 Speaker 3: did pretty well. Let's put all this together. What's mean 47 00:02:22,800 --> 00:02:26,240 Speaker 3: in their share prices have absolutely taken off. Nvidia is 48 00:02:26,240 --> 00:02:29,080 Speaker 3: a market leader with the market capitalization of five trillion 49 00:02:29,280 --> 00:02:33,640 Speaker 3: US dollars. That's eight percent of the entire SMP five hundred. 50 00:02:33,919 --> 00:02:40,600 Speaker 3: If you take the seven biggest non tech companies Berkshire, Hathaway, JP, Morgan, Chase, Walmart, Eli, Leevy, Visa, 51 00:02:40,639 --> 00:02:44,160 Speaker 3: master Card, and ex On Mable together, they're the size 52 00:02:44,200 --> 00:02:50,960 Speaker 3: of Nvidia. Quite phenomenal. The magnificent seven tech stocks and Vidia, Apple, Microsoft, Amazon, Alphabet, 53 00:02:51,040 --> 00:02:53,320 Speaker 3: Meta and Tesla now more than a third of the 54 00:02:53,400 --> 00:02:57,280 Speaker 3: s and P five hundred. Means that those tech barons 55 00:02:57,320 --> 00:03:00,440 Speaker 3: are really, really rich. Nine of the richest ten people 56 00:03:00,639 --> 00:03:03,760 Speaker 3: on the Bloomberg Index and Bloomberg Billionaires Index are now 57 00:03:03,840 --> 00:03:08,000 Speaker 3: tech barons. Bernard Areo from lmb H. He's the only 58 00:03:08,040 --> 00:03:11,320 Speaker 3: one that's not. Otherwise you have sort of Zuckerberg at 59 00:03:11,360 --> 00:03:16,200 Speaker 3: number five, Bezos, Larry Page. Of course, we have Elon 60 00:03:16,280 --> 00:03:17,720 Speaker 3: Musk and Larry Elison at one, and two. 61 00:03:18,320 --> 00:03:21,600 Speaker 1: Okay, moving on to story number three, Sean, the coalition 62 00:03:21,720 --> 00:03:25,560 Speaker 1: parties are set for a stout again over climate change 63 00:03:25,800 --> 00:03:28,520 Speaker 1: after the Nationals over the weekend adopted a policy that 64 00:03:28,639 --> 00:03:32,080 Speaker 1: abandons net zero emissions by twenty fifty but rather ties 65 00:03:32,120 --> 00:03:35,600 Speaker 1: its targets to how much other countries reduce their emissions. 66 00:03:35,880 --> 00:03:39,000 Speaker 3: Nationals leader David Little proud to the party wasn't walking 67 00:03:39,080 --> 00:03:41,200 Speaker 3: away from reducing emissions, but it should be done in 68 00:03:41,240 --> 00:03:44,240 Speaker 3: a better, fair and cheaper way. Australia should reduce emissions 69 00:03:44,240 --> 00:03:46,760 Speaker 3: proportionately to the rest of the world, according to the MATS, 70 00:03:46,960 --> 00:03:50,760 Speaker 3: particularly because Australia counts are just one percent of global emissions. 71 00:03:51,240 --> 00:03:53,200 Speaker 3: It sets the NATS up for a battle with the 72 00:03:53,240 --> 00:03:55,880 Speaker 3: Liberal Party. Our Position leader Susan Lee is expected to 73 00:03:55,920 --> 00:03:58,360 Speaker 3: bring forward the LIDS final position in coming weeks. It 74 00:03:58,440 --> 00:04:01,640 Speaker 3: is not expected to abandon nets zero. Yesterday's announcement by 75 00:04:01,640 --> 00:04:07,320 Speaker 3: the NATS complicates the relationship between the two parties quite significantly. 76 00:04:07,520 --> 00:04:09,480 Speaker 2: Yeah, just a tad now. 77 00:04:09,720 --> 00:04:12,800 Speaker 1: That's very much linked to story number four this morning, Sean, 78 00:04:12,920 --> 00:04:15,600 Speaker 1: because nothing much is going right for the coalition, with 79 00:04:15,720 --> 00:04:19,040 Speaker 1: the latest newspoles showing supporters crashed to twenty four percent 80 00:04:19,200 --> 00:04:23,520 Speaker 1: a record low, while Susan Lee's approval rating is now 81 00:04:23,640 --> 00:04:24,760 Speaker 1: minus thirty three. 82 00:04:25,320 --> 00:04:28,120 Speaker 3: News polling the Australian shows one Nation is the biggest 83 00:04:28,160 --> 00:04:31,160 Speaker 3: winner support for the once renegade party at fifteen percent 84 00:04:31,240 --> 00:04:34,080 Speaker 3: on a two party third basis. Labour holds a commanding 85 00:04:34,279 --> 00:04:37,440 Speaker 3: I mean commanding fifty seven to forty three percent margin. 86 00:04:37,800 --> 00:04:40,520 Speaker 3: Prime Minister Anthony Albanezi is back in canbrid this week 87 00:04:40,640 --> 00:04:42,760 Speaker 3: for the second last week of parliament for the year. 88 00:04:42,839 --> 00:04:46,240 Speaker 3: Labor will be pushing its environmental legislation, it's social media 89 00:04:46,279 --> 00:04:49,040 Speaker 3: band fro under sixteen year olds and bulk billing changes. 90 00:04:49,360 --> 00:04:52,839 Speaker 3: Susan Lee will probably mostly be fighting for her political career, 91 00:04:53,080 --> 00:04:55,240 Speaker 3: though there seems to be few takers wishing to dump 92 00:04:55,240 --> 00:04:56,719 Speaker 3: her for the leadership role right now. 93 00:04:57,440 --> 00:04:59,880 Speaker 2: Okay, last one story number five. 94 00:05:00,000 --> 00:05:03,160 Speaker 1: I've been of good news to Australian hotels have made 95 00:05:03,200 --> 00:05:06,320 Speaker 1: it onto the list of the world's best fifty hotels, 96 00:05:06,440 --> 00:05:10,120 Speaker 1: as judged by well traveled experts in the hotel and 97 00:05:10,200 --> 00:05:11,040 Speaker 1: travel industry. 98 00:05:11,480 --> 00:05:15,040 Speaker 3: Not you, not I, but well traveled experts. Capella Sydney, 99 00:05:15,080 --> 00:05:18,440 Speaker 3: operated by high end Singapore based Cappella Hotels and Resorts Group, 100 00:05:18,720 --> 00:05:22,080 Speaker 3: was named the best hotel in Oceania twelfth best in 101 00:05:22,120 --> 00:05:25,000 Speaker 3: the world. Checking their website, cheap nights about one thousand 102 00:05:25,040 --> 00:05:28,680 Speaker 3: dollars a night up too much, much more. Brisbane's The 103 00:05:28,800 --> 00:05:31,520 Speaker 3: Klile came in at number thirty four. That's been on 104 00:05:31,560 --> 00:05:35,599 Speaker 3: the list before. Chinese hotel Rosewood, Hong Kong finally took 105 00:05:35,600 --> 00:05:38,120 Speaker 3: out the number one spot after featuring the top three 106 00:05:38,160 --> 00:05:41,200 Speaker 3: since awards inception in twenty twenty three. The awards are 107 00:05:41,240 --> 00:05:44,320 Speaker 3: compiled by the best Group. Numbers two and three were 108 00:05:44,320 --> 00:05:47,039 Speaker 3: both hotels in bang Kok, great for that city. The 109 00:05:47,080 --> 00:05:50,400 Speaker 3: world's fifty Best Hotels rankings are based on the votes 110 00:05:50,440 --> 00:05:53,480 Speaker 3: of five hundred and eighty judges spending nine geographical regions 111 00:05:53,640 --> 00:05:56,320 Speaker 3: basically put their top seven in put it all together, 112 00:05:56,400 --> 00:05:58,839 Speaker 3: come up with the best one. But congratulations to Capella 113 00:05:58,880 --> 00:06:00,640 Speaker 3: Sydney twelfth best tell them the world. 114 00:06:00,880 --> 00:06:03,160 Speaker 2: Yeah, great results. There we go. The top five business 115 00:06:03,160 --> 00:06:05,720 Speaker 2: stories in five minutes. Thank you Sean, Thank you Michael. 116 00:06:05,920 --> 00:06:09,040 Speaker 1: It's Monday, the third of November twenty twenty five. Remembered 117 00:06:09,040 --> 00:06:11,240 Speaker 1: to hit follow on the podcast and five. 118 00:06:11,000 --> 00:06:11,800 Speaker 2: Minutes isn't enough. 119 00:06:11,839 --> 00:06:14,400 Speaker 1: You can find our longer daily show called Fear and Greed, 120 00:06:14,720 --> 00:06:17,159 Speaker 1: where if you listen to podcasts I'm Michael Thompson and 121 00:06:17,160 --> 00:06:19,440 Speaker 1: that was the fast five business news by fear and greed. 122 00:06:19,720 --> 00:06:23,400 Speaker 1: Have a great day.