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Speaker 1: It's Tuesday, the first of October twenty twenty four. Welcome

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Speaker 1: to the Fast five by Fear and Greed, where we

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Speaker 1: give you the top five business stories you need to

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Speaker 1: know in just five minutes. I'm Adam Lang and good

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Speaker 1: morning Sean Aylmer.

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Speaker 2: Good morning, Adam, Sean.

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Speaker 1: The main story this morning. House price growth in several

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Speaker 1: major cities, including Melbourne has stalled as the market calls

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Speaker 1: on the back of ongoing higher interest rates.

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Speaker 2: In the first month of spring, dwelling values rose by

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Speaker 2: just zero point four percent across the nation, taking the

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Speaker 2: September quarter rise to one percent. Four capital cities recorded

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Speaker 2: a fall through the September quarter, led by Melbourne where

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Speaker 2: values were down more than one percent, canbra Hae, budun

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Speaker 2: Dal and also recorded to clients will Sydney. Home prices

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Speaker 2: for the quarter were up half percent. It was the

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Speaker 2: lowest pace since the beginning of last year. The mid

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Speaker 2: sized capitals, which have led the pace of capital gains

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Speaker 2: through most of the upswing, are certainly losing momentum. Perth

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Speaker 2: values were up four point seven percent and third quarter

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Speaker 2: very very good, but not as good as the June quarter,

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Speaker 2: which was a six point two percent. The games in

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Speaker 2: Adelaide look to be topping out at about four percent

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Speaker 2: rise during the last quarter, and Brisbane's quarterly growth has

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Speaker 2: eased back to two point seven percent. According to core Logic,

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Speaker 2: one of the key reasons for the sluggish price growth

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Speaker 2: is the supply of homes in the market across the nation.

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Speaker 2: They're up more than three percent on last year, nearly

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Speaker 2: nine percent above the five year average, and we're seeing

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Speaker 2: that with auction clearance rates falling.

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Speaker 1: Sean. If the buying and selling market is slowing, what

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Speaker 1: about the rental market.

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Speaker 2: The heats definitely come out of that market as well,

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Speaker 2: with a national rental index up by just zero point

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Speaker 2: one percent in the September quarter, the smallest change in

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Speaker 2: four years. Probably the main reason for that is the

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Speaker 2: slow down in migration, but all these homes in the

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Speaker 2: market will keep downward pressure on rents. Certainly, higher interest

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Speaker 2: rates are cooling the national auction market. It's hard to

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Speaker 2: see that turning around until the Reserve Bank starts cutting

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Speaker 2: interest rates.

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Speaker 1: Sean's storing number two. Macquarie Bank and Commonwealth Bank are

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Speaker 1: winning market share in the mortgage market as competition heats up.

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Speaker 2: Yeah, a bit related to story number one, Macquarie and

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Speaker 2: Commonwealth Bank are expanding their mortgage books that are far

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Speaker 2: faster in their rivals, using competitive pricing and big cash

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Speaker 2: incentives to drive interest. Data released by the Australian Financial

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Speaker 2: Regulation Authority shows Macquarry was the biggest winner, having added

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Speaker 2: one point nine billion dollars to its loan balances in

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Speaker 2: August alone. Commonwealth Bank remains the country's largest residential lender,

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Speaker 2: with five hundred and sixty four billion dollars on its books.

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Speaker 2: Westpac has four seventy five billion, aims in three oh

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Speaker 2: three billion, National Australian Bank three twenty billion, but NAB's

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Speaker 2: loans rose less than zero point one percent in August

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Speaker 2: after falling in July for the first time since October

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Speaker 2: twenty twenty. That's on the back of higher competition. The

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Speaker 2: push by Comwealth Bank is really significant. It's the leader

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Speaker 2: in homelans. If it's aggressive, it tends to drag the

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Speaker 2: rest along with it. The winners and all that will

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Speaker 2: be customers.

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Speaker 1: Sean Steying number three Australian CEOs believe the COVID era

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Speaker 1: working from home phenomenon will be over in three years

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Speaker 1: and are rolling out promotions and pay rises in a

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Speaker 1: bid to get workers back into the office.

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Speaker 2: That's the conclusion of KPMG's latest survey of the nation's

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Speaker 2: chief executives. As reported in The Australian. More than four

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Speaker 2: and five or eighty two percent of respondents expect traditional

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Speaker 2: white collar roles to fully return to the office within

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Speaker 2: the next three years. This is a significant increase on

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Speaker 2: the sixty six percent who were of that opinion when

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Speaker 2: surveyed last year, and comes as businesses, including tab Corp

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Speaker 2: for the New South Wales government, increasingly wind back work

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Speaker 2: from home rights. Only twenty seven percent of respondents expect

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Speaker 2: hybrid office home rolls to continue, and not one expects

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Speaker 2: jobs to be fully remote. Australian leaders' opinions are in

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Speaker 2: line with their global peers, of whom eighty three percent

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Speaker 2: predict a full return to office based work for white

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Speaker 2: color employees within three years.

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Speaker 1: Sean Stein number four. The ratings are in and the

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Speaker 1: Brisbane Line sixty point AFL Grand Final victory over the

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Speaker 1: Sydney Swans delivered freewow are broadcast to Channel seven, its

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Speaker 1: biggest audience for a Premiership decider in eight years.

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Speaker 2: And it delivered to you great depression anyway. The official

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Speaker 2: ratings data released by oz TAM show four point oh

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Speaker 2: two to four million viewers tuned in to the Grand Final,

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Speaker 2: including six hundred and fifty five thousand on the streaming

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Speaker 2: platform seven Plus. It's the highest AFL Grand Final TV

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Speaker 2: audience since the twenty sixteen clash between the Bulldogs and

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Speaker 2: the Swans. Saturday's ratings represent a good result for seven

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Speaker 2: given that the result was a blowout and pretty much

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Speaker 2: over by three quarter time. The four I'll stop laughing

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Speaker 2: at them, sorry, I have to rub it.

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Speaker 1: In so painful.

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Speaker 2: The four highest rating AFL Grand Finals of the past

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Speaker 2: twenty years have all featured the Sydney Swans. Three of

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Speaker 2: the four they failed to win.

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Speaker 1: Thank you Sean story Number five. An increasingly popular gym

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Speaker 1: franchise in Japan, is now offering teeth whitening, manicure equipment,

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Speaker 1: and photo booths as it pushes to provide services that

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Speaker 1: have little to do with getting fit.

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Speaker 2: Who needs freeways if you go into the gym patchwork

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Speaker 2: concept is called Chocko's Apps Choco Zap. It's run by

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Speaker 2: a billion dollar fitness company that made its name in

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Speaker 2: high end personal training. In less than two years, the

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Speaker 2: sub brand has tapped into a casual and frugal gym

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Speaker 2: user base more than fifteen hundred locations one point two

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Speaker 2: million plus customers. According to report on Bloomberog, you go

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Speaker 2: to a gym in Japan costs sort of sixty to

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Speaker 2: eighty US dollars a month, Choco's apps charging just twenty.

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Speaker 2: They were created these Choco sapp gyms as an experiment

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Speaker 2: during the coronavirus pandemic when personalized training was suffering. As

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Speaker 2: people spend more time working flexible hours and at home,

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Speaker 2: they're also seeking out more and riching experiences while keeping

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Speaker 2: fit according to the gym, but they're not full service.

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Speaker 2: Most don't have showers because most customers stop buy on

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Speaker 2: their way home or pop in for light exercise. It's

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Speaker 2: cheap and most people aren't actually using the equipment to there.

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Speaker 1: Goo are remarkable new gym disruptor Sean M.

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Speaker 2: Yes, well it's been disrupting as in not doing.

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Speaker 1: Thank you, Sean, Thank you, Adam. That's it the top

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Speaker 1: five business stories you need to know in just five minutes.

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Speaker 1: It's Tuesday, the first of October twenty twenty four. 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 and find our longer podcast called Fear and

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Speaker 1: Green on your favorite podcast platform. I Madame Lange and

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