1 00:00:03,800 --> 00:00:07,040 Speaker 1: It's Wednesday, the fourteenth of January twenty twenty six. Welcome 2 00:00:07,040 --> 00:00:09,360 Speaker 1: to the Fast five Business News by Fear and Greed, 3 00:00:09,400 --> 00:00:11,200 Speaker 1: where we give you the top five business stories you 4 00:00:11,240 --> 00:00:13,399 Speaker 1: need to know in just five minutes. Oh Michael Thompson 5 00:00:13,440 --> 00:00:14,720 Speaker 1: and good morning Sean Aylmer. 6 00:00:14,840 --> 00:00:16,480 Speaker 2: Good morning Michael, Sean. 7 00:00:16,640 --> 00:00:19,160 Speaker 1: Five big stories to race through in five minutes. Let's 8 00:00:19,160 --> 00:00:22,040 Speaker 1: go story number one. The value of Australia's housing market 9 00:00:22,079 --> 00:00:25,200 Speaker 1: has risen to twelve point three trillion dollars, which is 10 00:00:25,200 --> 00:00:29,840 Speaker 1: almost three times the value of our superannuation assets, four 11 00:00:29,880 --> 00:00:32,760 Speaker 1: times the value of the ASX, and the view among 12 00:00:32,800 --> 00:00:35,800 Speaker 1: analysts is that prices will keep rising, though not at 13 00:00:35,840 --> 00:00:37,560 Speaker 1: the same pace as we saw last year. 14 00:00:37,600 --> 00:00:39,960 Speaker 2: The median value of a home in Australia rose eight 15 00:00:40,040 --> 00:00:43,320 Speaker 2: point six percent in twenty five. That was the eleventh 16 00:00:43,400 --> 00:00:46,480 Speaker 2: best year in the past four decades, but the pace 17 00:00:46,520 --> 00:00:48,520 Speaker 2: of growth was easing towards the end of the year. 18 00:00:48,680 --> 00:00:50,720 Speaker 2: In fact, in the four week to eight January medium 19 00:00:50,720 --> 00:00:53,920 Speaker 2: prices in Sydney and Melbourne actually went backwards. Most capitals 20 00:00:53,920 --> 00:00:57,840 Speaker 2: were reporting the strongest growth conditions across the lower quartle 21 00:00:57,920 --> 00:01:02,120 Speaker 2: of the value range. Basically, buyers looking for more affordable houses. 22 00:01:02,160 --> 00:01:04,040 Speaker 2: That's what that means Cotality, Yes, I made it. There 23 00:01:04,040 --> 00:01:06,640 Speaker 2: were five hundred and sixty one thousand transactions last year. 24 00:01:06,880 --> 00:01:09,240 Speaker 2: Seven percent of higher than five year average rents are 25 00:01:09,280 --> 00:01:14,400 Speaker 2: also higher. Top of that was regional wa down to Melbourne. 26 00:01:14,640 --> 00:01:16,920 Speaker 2: Three percent increases in that one big question, of course, 27 00:01:16,920 --> 00:01:20,000 Speaker 2: will it keep going? Consensus seems to be no. Cotality 28 00:01:20,040 --> 00:01:23,520 Speaker 2: Research director Tim Lawless expects price rises, but not as 29 00:01:23,600 --> 00:01:26,400 Speaker 2: much as last year. Same deal with AMP Chief Economy 30 00:01:26,440 --> 00:01:30,160 Speaker 2: Shane Oliver domains forecasting a six percent jump across the country, 31 00:01:30,319 --> 00:01:31,560 Speaker 2: led by Sydney and Melbourne. 32 00:01:32,040 --> 00:01:34,520 Speaker 1: How much of this is interest rate related because obviously 33 00:01:34,560 --> 00:01:36,600 Speaker 1: we had falling rates in twenty twenty five. We had 34 00:01:36,640 --> 00:01:39,400 Speaker 1: three rate cuts throughout the year. But some economists are 35 00:01:39,440 --> 00:01:41,720 Speaker 1: expecting rates to actually rise this year. So what impact 36 00:01:41,760 --> 00:01:42,160 Speaker 1: does that have? 37 00:01:42,440 --> 00:01:44,959 Speaker 2: Look rates play a big role, but other factors matter. 38 00:01:45,160 --> 00:01:47,640 Speaker 2: Tim Lawless from Cotality said the best year of the 39 00:01:47,680 --> 00:01:51,160 Speaker 2: last forty was nineteen eighty eight, when rates were around 40 00:01:51,200 --> 00:01:55,560 Speaker 2: fifteen percent. House prices jumped thirty one percent, phenomenal. Next 41 00:01:55,560 --> 00:01:58,080 Speaker 2: best was COVID in twenty twenty one, prices up nearly 42 00:01:58,120 --> 00:02:00,720 Speaker 2: twenty five percent. Of course, rates were very low there 43 00:02:00,920 --> 00:02:03,440 Speaker 2: lots of other things. Fiscal policies that govern's first home 44 00:02:03,760 --> 00:02:08,320 Speaker 2: owner schemes, how much banks are prepared to lend migration issues, 45 00:02:08,480 --> 00:02:10,560 Speaker 2: how many homes are being built, So lots of other stuff. 46 00:02:10,760 --> 00:02:14,000 Speaker 1: Yeah, indeed, okay, that's story number one, Onto story number two. 47 00:02:14,080 --> 00:02:14,240 Speaker 2: Now. 48 00:02:14,360 --> 00:02:17,720 Speaker 1: Former Prime Minister Kevin Rudd will step down as Australia's 49 00:02:17,760 --> 00:02:21,680 Speaker 1: Ambassador to the United States, ending a tumultuous tenure where 50 00:02:21,720 --> 00:02:24,680 Speaker 1: he fell out of favor big time with US President 51 00:02:24,680 --> 00:02:28,040 Speaker 1: Donald Trump. His decision to resign and move back to 52 00:02:28,160 --> 00:02:32,280 Speaker 1: the leading foreign policy think tank Asia Society will remove 53 00:02:32,320 --> 00:02:34,720 Speaker 1: a source of tension between Canberra and Washington. 54 00:02:34,919 --> 00:02:37,760 Speaker 2: The change occurred a year earlier than expected. Prime Minister 55 00:02:37,800 --> 00:02:40,880 Speaker 2: Anthony Abneasy praised Rod's ability to build relationships on both 56 00:02:40,919 --> 00:02:44,799 Speaker 2: sides of politics and manage the complex role. Right's tenure 57 00:02:44,840 --> 00:02:47,080 Speaker 2: has been successful and I think we can argue against that. 58 00:02:47,160 --> 00:02:49,640 Speaker 2: But he will best be remembered for his post rating 59 00:02:49,720 --> 00:02:53,200 Speaker 2: Donald Trump after he left office the first time. For example, 60 00:02:53,200 --> 00:02:55,960 Speaker 2: at one point he said he drags America and democracy 61 00:02:56,040 --> 00:03:00,480 Speaker 2: through the mad He did delete that tweet, but Trump 62 00:03:00,560 --> 00:03:02,840 Speaker 2: hadn't forgotten it. In fact, last year, when Albanez, he 63 00:03:02,880 --> 00:03:05,519 Speaker 2: met Trump, the US President was asked about right, he 64 00:03:05,560 --> 00:03:07,600 Speaker 2: looked at him and he said, I don't like you either, 65 00:03:07,680 --> 00:03:10,679 Speaker 2: and I probably never will. That was always a problem. 66 00:03:10,919 --> 00:03:14,320 Speaker 2: People do replace him, maybe former Defense Minister Joel Fitzgibbon, 67 00:03:14,639 --> 00:03:19,520 Speaker 2: maybe former PM Scott Morrison, maybe former Talkio Minister Stephen Conroy, 68 00:03:19,560 --> 00:03:22,480 Speaker 2: though he did tweet once that Trump was a was 69 00:03:22,560 --> 00:03:24,799 Speaker 2: moronically stupid, so maybe he won't get the job. 70 00:03:24,919 --> 00:03:26,639 Speaker 1: Yeah, might knock him out of the running there, Okay, 71 00:03:26,680 --> 00:03:30,040 Speaker 1: still at number three. Former Jetstar Australia A two Milk 72 00:03:30,080 --> 00:03:33,400 Speaker 1: and Virgin Australia CEO Jane Herdliker has arrived at her 73 00:03:33,440 --> 00:03:36,800 Speaker 1: new gig running the pubs and bottle shop Giant Endeavor, 74 00:03:36,840 --> 00:03:38,640 Speaker 1: and she's got a bit of good news for drinkers 75 00:03:38,800 --> 00:03:41,880 Speaker 1: Sean she wants her businesses to compete on price. 76 00:03:41,800 --> 00:03:44,200 Speaker 2: Not necessarily good news for shareholders and Devas share price 77 00:03:44,280 --> 00:03:47,160 Speaker 2: fell about five percent on opening yesterday before closing down 78 00:03:47,160 --> 00:03:49,360 Speaker 2: about one percent. The better news for shareholders was it 79 00:03:49,520 --> 00:03:52,880 Speaker 2: Endeavor owned Dan Murphy's had its biggest ever holiday period 80 00:03:52,880 --> 00:03:56,480 Speaker 2: in terms of sales. It's forecast however for December half 81 00:03:56,560 --> 00:03:59,320 Speaker 2: year in terms of earnings a bit disappointing. Her Looker 82 00:03:59,360 --> 00:04:01,080 Speaker 2: took over at the big of the year. She reckons 83 00:04:01,120 --> 00:04:03,680 Speaker 2: Dan Murphys's winning the market or he's winning market share 84 00:04:03,720 --> 00:04:08,120 Speaker 2: from rivals and once top line growth revenue growth, that's 85 00:04:08,560 --> 00:04:11,520 Speaker 2: why she's going to cut prices to get top line growth. 86 00:04:11,640 --> 00:04:13,560 Speaker 2: And dev was spun out of Woolies in twenty twenty one. 87 00:04:13,600 --> 00:04:16,000 Speaker 2: Operates about three hundred and fifty hotels and seventeen hundred 88 00:04:16,000 --> 00:04:19,200 Speaker 2: bottle shops, most of which are Dan Murphy's and BW wes. 89 00:04:19,720 --> 00:04:23,120 Speaker 1: Storry Number four. Woolworths has done a deal with Google's 90 00:04:23,200 --> 00:04:27,840 Speaker 1: AI platform called Gemini to introduce meal planning, shopping and 91 00:04:27,920 --> 00:04:29,280 Speaker 1: delivery all in one go. 92 00:04:29,560 --> 00:04:31,360 Speaker 2: So the idea is you work out what you want 93 00:04:31,400 --> 00:04:34,160 Speaker 2: for next week's dinners, or you ask from Willie's chatbot 94 00:04:34,240 --> 00:04:36,440 Speaker 2: called Olive, say Olive, why should I have for dinner? 95 00:04:36,520 --> 00:04:39,600 Speaker 2: I'm healthy, I like meat, and there you go. She'll 96 00:04:39,600 --> 00:04:43,159 Speaker 2: plan out with your meals for the next five nights 97 00:04:43,160 --> 00:04:45,680 Speaker 2: to get your breakfasts and lunches as well. She'll make 98 00:04:45,680 --> 00:04:47,160 Speaker 2: a list for you. You check it off, say yes, 99 00:04:47,160 --> 00:04:48,880 Speaker 2: so they want that, I don't want that. I'll send 100 00:04:48,920 --> 00:04:51,920 Speaker 2: it to Willies a home deliver it. It's a great 101 00:04:51,960 --> 00:04:54,600 Speaker 2: idea all the big supermarkets are going for it. Wolies. 102 00:04:54,640 --> 00:04:57,400 Speaker 2: Looks like it'll be the first to introduce it, getting 103 00:04:57,400 --> 00:04:59,120 Speaker 2: a big run in the US already. 104 00:05:00,000 --> 00:05:03,159 Speaker 1: Okay, last one story Number five, the one of the 105 00:05:03,160 --> 00:05:07,320 Speaker 1: most popular new apps in China Sean encourages users to 106 00:05:07,440 --> 00:05:10,080 Speaker 1: check in every two days to confirm that they are 107 00:05:10,080 --> 00:05:13,760 Speaker 1: in fact still alive. The app is called are You. 108 00:05:13,839 --> 00:05:16,600 Speaker 2: Dead Yes, so we'll get in touch with the designated 109 00:05:16,600 --> 00:05:20,000 Speaker 2: emergency contacted users don't check in every couple of days. 110 00:05:20,040 --> 00:05:22,400 Speaker 2: Become the most popular Apple store down ad in China, 111 00:05:22,480 --> 00:05:25,640 Speaker 2: according to the Telegraph of London, attracted many new customers 112 00:05:25,640 --> 00:05:29,119 Speaker 2: in recent months, especially among young people. So I reckon 113 00:05:29,200 --> 00:05:31,920 Speaker 2: there will be about two hundred million one person households 114 00:05:31,920 --> 00:05:34,680 Speaker 2: in China by twenty thirty, about thirty million more men 115 00:05:34,720 --> 00:05:37,800 Speaker 2: than women. As a result, they need an app to 116 00:05:37,880 --> 00:05:40,400 Speaker 2: check in on people now. It has faced some criticism, 117 00:05:41,320 --> 00:05:45,039 Speaker 2: mostly over its name. Developed by a crowd called Moonscape Technologies, 118 00:05:45,360 --> 00:05:48,599 Speaker 2: Are You Dead is also grand popularity beyond China, mostly 119 00:05:48,600 --> 00:05:51,680 Speaker 2: because of Chinese x perhaps top two ranking app in 120 00:05:51,720 --> 00:05:54,080 Speaker 2: the US, Singapore and Hong Kong, Top four in Australia. 121 00:05:54,640 --> 00:05:56,760 Speaker 1: All right, there we go. The top five business stories 122 00:05:56,760 --> 00:05:59,400 Speaker 1: in five minutes. Thank you very much, Sean, Thank you, Michael. 123 00:05:59,560 --> 00:06:02,000 Speaker 1: It is when day, the fourteenth of January twenty twenty 124 00:06:02,000 --> 00:06:04,559 Speaker 1: six remembered hit follow on the podcast. If five minutes 125 00:06:04,600 --> 00:06:06,760 Speaker 1: isn't enough, You can find our longer daily show called 126 00:06:06,800 --> 00:06:10,359 Speaker 1: Fear and Greed wherever you listen to podcasts. And Today's Wednesday, 127 00:06:10,360 --> 00:06:12,760 Speaker 1: which means the new episode of our sister podcast How 128 00:06:12,760 --> 00:06:14,840 Speaker 1: Do They Afford That is released. I'll put a link 129 00:06:14,839 --> 00:06:17,320 Speaker 1: in today's show notes as well. This week it is 130 00:06:17,360 --> 00:06:20,960 Speaker 1: all about the seven money habits that could change your 131 00:06:21,160 --> 00:06:22,840 Speaker 1: year if you get onto them nice and early. I'm 132 00:06:22,839 --> 00:06:25,240 Speaker 1: Michael Thompson and that was the Fast five Business News 133 00:06:25,240 --> 00:06:29,880 Speaker 1: by Fear and Greed. Have a great day.