1 00:00:03,840 --> 00:00:06,840 Speaker 1: It's Monday, the twenty fourth of November twenty twenty five. 2 00:00:06,960 --> 00:00:09,800 Speaker 1: Welcome to the Fast five Business News by Fear and Greed, 3 00:00:09,800 --> 00:00:11,639 Speaker 1: where we give you the top five business stories you 4 00:00:11,760 --> 00:00:14,000 Speaker 1: need to know in just five minutes. O'm Michael Thompson 5 00:00:14,040 --> 00:00:15,320 Speaker 1: and good morning Sean Aylmer. 6 00:00:15,640 --> 00:00:16,959 Speaker 2: Good morning, Michael. 7 00:00:16,840 --> 00:00:19,840 Speaker 1: Seawan Five stories, five minutes, let's go. Sorry. Number one's 8 00:00:19,840 --> 00:00:23,320 Speaker 1: a big one. Experts are forecasting record house prices across 9 00:00:23,400 --> 00:00:26,239 Speaker 1: all capital cities by the end of next year, and 10 00:00:26,360 --> 00:00:29,800 Speaker 1: rental growth is set to accelerate once again, even as 11 00:00:29,840 --> 00:00:31,840 Speaker 1: the local market takes a bit of a breather with 12 00:00:31,880 --> 00:00:34,919 Speaker 1: some slightly disappointing clearance rates over the weekend. 13 00:00:35,400 --> 00:00:38,120 Speaker 2: The Domain annual Forecast says that that after years of 14 00:00:38,159 --> 00:00:40,959 Speaker 2: affordability strain and tight supply, the next twelve months we'll 15 00:00:40,960 --> 00:00:43,280 Speaker 2: see a surgeon prices. We've had three cuts in interest 16 00:00:43,320 --> 00:00:47,080 Speaker 2: rates this year. Rising household incomes a wave of first 17 00:00:47,080 --> 00:00:50,280 Speaker 2: home buy demand under the expended First Home Guarantee scheme 18 00:00:50,720 --> 00:00:53,760 Speaker 2: that will all combine to push prices higher. However, by 19 00:00:53,760 --> 00:00:55,840 Speaker 2: the end of next year, new supply will hit the market, 20 00:00:56,000 --> 00:00:58,400 Speaker 2: affordability issues will kick in again, and so the surge 21 00:00:58,480 --> 00:01:01,840 Speaker 2: is likely to taper into twenty twenty seven. According to Domain, 22 00:01:02,040 --> 00:01:05,080 Speaker 2: the online property group expects median house prices in Sydney 23 00:01:05,440 --> 00:01:08,360 Speaker 2: to jump to nearly two million dollars this time next year, 24 00:01:08,720 --> 00:01:13,320 Speaker 2: Melbourne nearly one point two million dollars, Brisbane, Adelaide, Perth. 25 00:01:13,520 --> 00:01:15,360 Speaker 2: They've been the hot cities the last couple of years. 26 00:01:15,400 --> 00:01:17,360 Speaker 2: That will come off somewhat to main recons that the 27 00:01:17,440 --> 00:01:19,760 Speaker 2: rush of first home buyers competing with investors will inject 28 00:01:19,800 --> 00:01:22,280 Speaker 2: new energy into the market. In fact, they said it'd 29 00:01:22,280 --> 00:01:25,760 Speaker 2: be about the equivalent of five interest rate cuts at once. 30 00:01:26,080 --> 00:01:29,440 Speaker 2: Bad news for renders, is it? After a reprieve this year, 31 00:01:29,800 --> 00:01:32,400 Speaker 2: they're likely to do it tough with rents accelerating again 32 00:01:32,440 --> 00:01:33,280 Speaker 2: across the country. 33 00:01:33,560 --> 00:01:36,760 Speaker 1: All right, so price wise the outlook is good. But 34 00:01:37,480 --> 00:01:40,479 Speaker 1: what about the spring selling season, which can you believe it? 35 00:01:40,480 --> 00:01:41,880 Speaker 1: It actually ends this week? 36 00:01:42,360 --> 00:01:44,840 Speaker 2: Yes, incredible, just seems to've run out of steam a bit. 37 00:01:44,920 --> 00:01:48,080 Speaker 2: The preliminary clearance rate for auctions over the past week 38 00:01:48,320 --> 00:01:50,400 Speaker 2: has fallen below seventy percent for the first time in 39 00:01:50,440 --> 00:01:53,800 Speaker 2: more than five months. According to Cotality, plenty of homes 40 00:01:53,840 --> 00:01:55,800 Speaker 2: going up for auction three thousand in the last week, 41 00:01:55,920 --> 00:01:58,680 Speaker 2: thirty four hundred this week, but the proportion of sales 42 00:01:58,720 --> 00:02:02,360 Speaker 2: are down and both under that seventy percent mark, Brisbane 43 00:02:02,400 --> 00:02:05,480 Speaker 2: Att's lowest in eight weeks. The consens if you view 44 00:02:05,520 --> 00:02:08,920 Speaker 2: among economists is that whilst the market is coming off 45 00:02:08,960 --> 00:02:12,480 Speaker 2: a little bit, prices will rise, but you know, just 46 00:02:12,520 --> 00:02:14,000 Speaker 2: a bit of nervousness around the place. 47 00:02:14,240 --> 00:02:16,400 Speaker 1: All right on, just story number two now, sean and 48 00:02:16,400 --> 00:02:19,240 Speaker 1: strap yourself in. It is arguably the biggest week in 49 00:02:19,320 --> 00:02:23,160 Speaker 1: the retail year, with Black Friday and Cyber Monday sales 50 00:02:23,280 --> 00:02:27,040 Speaker 1: kicking off and more than six point eight billion dollars 51 00:02:27,120 --> 00:02:29,160 Speaker 1: is expected to be spent over the next week. 52 00:02:29,639 --> 00:02:31,639 Speaker 2: Well that's what Roy Morgan reckons will be threaten in 53 00:02:31,680 --> 00:02:33,720 Speaker 2: the four days from Friday to Monday, So I reckon 54 00:02:33,720 --> 00:02:36,200 Speaker 2: we can go eight billion dollars fairly confidently over the 55 00:02:36,200 --> 00:02:38,600 Speaker 2: next week. There has been a shift in spending, they 56 00:02:38,639 --> 00:02:41,880 Speaker 2: with a survey by Boston Consulting Group suggesting people are 57 00:02:41,880 --> 00:02:45,040 Speaker 2: now using the sales for more for essential items rather 58 00:02:45,080 --> 00:02:47,640 Speaker 2: than just big ticket items. The other interesting thing they 59 00:02:47,720 --> 00:02:51,520 Speaker 2: looked at is the amount needed to discount items to 60 00:02:51,639 --> 00:02:55,839 Speaker 2: draw in customers. So according to BCG, consumers will think 61 00:02:55,880 --> 00:02:58,200 Speaker 2: a clothing and shoe sale is a good deal if 62 00:02:58,240 --> 00:03:00,560 Speaker 2: they can get a thirty six percent discount and in 63 00:03:00,680 --> 00:03:04,119 Speaker 2: need of twenty eight percent discount, think that athletic equipment 64 00:03:04,960 --> 00:03:07,480 Speaker 2: is a good deal. Interesting the different categories and how 65 00:03:07,560 --> 00:03:08,320 Speaker 2: people view them. 66 00:03:08,520 --> 00:03:12,000 Speaker 1: Yeah. Absolutely. Story number three is one from politics. Prime 67 00:03:12,000 --> 00:03:15,680 Speaker 1: Minister Anthony Alberanizi and other world leaders issued a declaration 68 00:03:15,960 --> 00:03:18,720 Speaker 1: at the G twenty summit in South Africa over the 69 00:03:18,720 --> 00:03:23,640 Speaker 1: weekend backing the Paris Climate Change Agreement, endorsing that zero 70 00:03:23,680 --> 00:03:26,600 Speaker 1: climate emissions by the middle of the century and praising 71 00:03:26,680 --> 00:03:27,639 Speaker 1: free trade. 72 00:03:27,880 --> 00:03:30,400 Speaker 2: The federal government also signed up to a voluntary statement 73 00:03:30,440 --> 00:03:33,200 Speaker 2: calling for a plan to eventually phase out fossil fuels. 74 00:03:33,480 --> 00:03:36,000 Speaker 2: The G twenty summit was controversial from the beginning, with 75 00:03:36,120 --> 00:03:39,600 Speaker 2: US President Donald Trump boycotting the conference in Joeburg following 76 00:03:39,640 --> 00:03:43,480 Speaker 2: months of accusations that South Africa was discriminating against minority 77 00:03:43,640 --> 00:03:47,240 Speaker 2: white Afrikanas. The meeting overlapped with the end of COP 78 00:03:47,360 --> 00:03:50,640 Speaker 2: thirty in Brazil. Its final communicate wasn't what many had 79 00:03:50,680 --> 00:03:53,440 Speaker 2: hoped for. It didn't mention fossil fuels, for example. However, 80 00:03:53,480 --> 00:03:57,280 Speaker 2: it did introduce global trade talks in to the discussion. 81 00:03:57,560 --> 00:04:00,640 Speaker 2: That was a clear swipe at Donald Trumps actually where 82 00:04:00,680 --> 00:04:03,080 Speaker 2: the federal government signed up to the voluntary statement for 83 00:04:03,120 --> 00:04:05,360 Speaker 2: the plan to phase out fossil fuels. Alb and Easy 84 00:04:05,400 --> 00:04:06,960 Speaker 2: said it was a good thing that all cop summit 85 00:04:07,000 --> 00:04:10,280 Speaker 2: participants have been able to agree on a communication, saying 86 00:04:10,280 --> 00:04:12,000 Speaker 2: it was a positive sign that the world at least 87 00:04:12,200 --> 00:04:13,200 Speaker 2: was talking to each other. 88 00:04:14,440 --> 00:04:18,960 Speaker 1: Story number four. Federal Labor has widened its lead over 89 00:04:19,000 --> 00:04:21,680 Speaker 1: the opposition in the latest News poll in the Australian. 90 00:04:22,000 --> 00:04:25,200 Speaker 1: It's a fairly significant margin currently I had fifty eight 91 00:04:25,240 --> 00:04:27,880 Speaker 1: percent to forty two percent on a two party preferred 92 00:04:27,880 --> 00:04:29,760 Speaker 1: basis in politics. 93 00:04:29,880 --> 00:04:32,560 Speaker 2: That is the length of this strait, or maybe more 94 00:04:32,680 --> 00:04:35,320 Speaker 2: core support for Coalition is static at just twenty four percent. 95 00:04:35,400 --> 00:04:38,880 Speaker 2: That's the lowest level since primary voters were counted in 96 00:04:39,000 --> 00:04:42,880 Speaker 2: News poll forty years ago. Opposition leader Susan Lee's approval 97 00:04:42,960 --> 00:04:45,680 Speaker 2: rating has risen slightly from minus thirty three to minus 98 00:04:45,680 --> 00:04:49,000 Speaker 2: twenty nine. Called confident I'd say, the poll says Andrew 99 00:04:49,000 --> 00:04:54,600 Speaker 2: Hasty is the most preferred option to Susan Lee, although 100 00:04:54,680 --> 00:04:57,120 Speaker 2: almost arthur respondents to the survey didn't actually know who 101 00:04:57,120 --> 00:04:59,359 Speaker 2: they preferred. One nation is a winner and all this. 102 00:04:59,520 --> 00:05:02,440 Speaker 2: It recorded a record high fifteen percent primary vote. 103 00:05:02,320 --> 00:05:06,000 Speaker 1: Last one story number five, passengers on Australian airlines will 104 00:05:06,040 --> 00:05:08,960 Speaker 1: no longer be able to use power banks during flights 105 00:05:09,240 --> 00:05:12,000 Speaker 1: in a crackdown aimed at preventing cabin fires. 106 00:05:12,440 --> 00:05:16,279 Speaker 2: The move matches action taken by international aviation authorities this 107 00:05:16,360 --> 00:05:19,000 Speaker 2: year kicks in next month. Covers Version Quats and Jetstar 108 00:05:19,440 --> 00:05:23,440 Speaker 2: Airlines said passengers should store spare batteries and personal electronic 109 00:05:23,480 --> 00:05:25,440 Speaker 2: devices in the seat pocket or under the seat in 110 00:05:25,440 --> 00:05:27,800 Speaker 2: front of them. They can carry up to two power banks, 111 00:05:28,120 --> 00:05:31,560 Speaker 2: but they can't actually use them now. The International Air 112 00:05:31,600 --> 00:05:34,279 Speaker 2: Transport Association recommends it if passengers need to pack a 113 00:05:34,320 --> 00:05:37,880 Speaker 2: personal electronic device in their checked baggage, they must be 114 00:05:37,920 --> 00:05:41,880 Speaker 2: completely switched off and not packed inflammable liquids like perfumes 115 00:05:41,920 --> 00:05:42,680 Speaker 2: and aerosols. 116 00:05:43,800 --> 00:05:46,200 Speaker 1: Okay, there we go, the top five business stories in 117 00:05:46,240 --> 00:05:49,919 Speaker 1: five minutes. Thank you Sean, Thank you Michael. It is Monday, 118 00:05:50,040 --> 00:05:52,640 Speaker 1: the twenty fourth of November twenty twenty five. 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