In this episode, Paige Estritori discusses several key financial trends in Australia. She reveals a 28% increase in home insurance premiums over the past year, impacting 12% of households facing 'insurance affordability stress.' High-risk homes were hit the hardest, with a premium rise of up to 50% due to natural disasters, inflation, and rising construction costs. Switching to the property market, a rebound is highlighted, spurred by the Labor government's First Home Guarantee scheme. However, increasing competition could affect affordability. Concerns over exorbitant insurance brokerage fees in the strata management sector lead to calls for increased transparency and accountability. Lastly, Sure Insurance increases its residential strata insurance from $5mn to $20mn, bringing relief to homeowners in Northern and Regional Queensland, in an attempt to tackle the region's insurance affordability crisis.n

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