AGP Executive Report
Last update: 11 hours agoHousing Market Pressure (Australia): REA Group data shows Manly (NSW) saw the biggest jump in homes selling below asking price, with 46.5% discounted in Mar–May vs 21.6% a year earlier; other areas with rising discounting include Baulkham Hill, Whitehorse East, North Sydney-Mosman, Botany, and Bayside. Personal Finance Habit: A “48-hour rule” is being promoted to curb impulse spending—add items to your basket, wait two days, and only buy if you still want it. Borrowing & Rates (India): The RBI held the repo rate at 5.25% and signaled a watch-and-wait stance amid West Asia risks, crude prices, and weather concerns; near-term EMIs are likely steady, while FD rates may depend more on bank competition and inflation than the repo move. Wealth & Investing (UK/US): Forbes says Taylor Swift is now the richest female musician in history at $2B, highlighting how ownership of masters and touring drove the jump. Energy Investment (Philippines): First Gen’s EDC plans to invest 25 billion pesos ($407M) to upgrade its Southern Negros geothermal plant, with environmental reviews underway.
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