SBS On the Money

Australians are buying new cars at a record pace despite ongoing cost of living pressures, with June sales reaching an all-time monthly high and electric vehicles and utes dominating the market.

Australian shares ended the day little changed, but there is plenty happening beneath the surface. AMP Chief Investment Officer Anna Shelley explains why many superannuation funds delivered double-digit returns last financial year, the role global markets including South Korea played, and whether recent volatility could reshape investment strategies. Plus, Rory Cunningham from the ASX unpacks the record boom in exchange traded funds and why more Australians are investing through ETFs, before Chris Weston from Pepperstone wraps up the day's market action and the forces driving the Australian sharemarket.

The new financial year has begun with a weaker tone for investors, as the ASX 200 fell 0.6 per cent and Australia's housing market recorded its biggest monthly decline since June 2022. SBS On the Money examines what is driving the latest property data with Tim Lawless, Head of Research at Cotality, before unpacking the day's market moves, sector rotation and takeover speculation with Hebe Chen, Market Analyst at Vantage Australia.

The Australian sharemarket ended the financial year with a modest gain, trailing the strong performance of global markets, but many Australians are still set to see healthy returns in their super. SBS On the Money speaks with Kai Chen, Head of Investment at MPC Markets, about why the ASX underperformed overseas markets, and Jeff Brunton, Deputy Chief Investment Officer at HESTA, on why diversified super funds are expected to deliver solid returns and what APRA's latest report says about the growing influence of Australia's superannuation sector on the nation's financial stability.

The ASX 200 rallied 0.7 per cent in a late-session surge ahead of the final trading day of the financial year, with tech stocks leading the gains. Ricardo Gonçalves speaks with ASIC Commissioner Simone Constant about why the corporate watchdog says superannuation trustees must do more to protect members from high fees and risky investments on investment platforms. Plus, Kyle Rodda from Capital.com breaks down the day's market action and what investors can expect as the financial year draws to a close.