Banking & Financial Services Articles

The cost of receiving financial advice has skyrocketed in Australia over the past five years. According to the 2025 Australian Financial Advice Landscape Report, the median financial advice annual fee jumped 18% to $4,668 in 2025 and has risen 67% over five years. To put this into perspective, inflation increased 19.81% in the last five years, while Amazon (Nasdaq: AMZN) share prices gained 47.49% in the last five years to end November.

Last May, the Reserve Bank shattered the optimistic view held by some that interest rates would stay low forever (or at least a few more years). The bank has raised the official cash rate eight times in eight months, and lenders have been quick to follow with mortgage rate rises of their own.