Infrastructure spend in QLD State Budget - image  on https://ibndirect.com
 

IBN News Updates & Blog

From UDIA (Qld) Deputy Premier Jackie Trad has handed down her first budget as Treasurer boasting of an operating surplus of $1.512 billion, $1 billion more than forecast in the December 2017 Mid-Year Fiscal and Economic Review.Higher commodity prices, including the price of coal, have delivered...

The group came under heavy fire as revelations were uncovered in the Royal CommissionIn a letter to its members, the Mortgage and Finance Association of Australia (MFAA) has highlighted the positive impact brokers have on the lending market, quoting new data that confirms a customer...

From the  MFAAThe Australian Securities & Investments Commission (ASIC) has announced that it will give financial firms, including credit businesses, time to update mandatory disclosure documentation with contact details about the new EDR scheme, the Australian Financial Complaints Authority (AFCA). The new authority will replace the two existing ASIC-approved EDR...

The Chinese economy is exhibiting some dangerous signs. Last time we saw this in America, it led to a global financial crisis.Is the Australian economy too reliant on China?Live by the sword, die by the sword. That’s what they say. In Australia’s case, the sword...

Article by Martin North, DFA Perhaps originally a banks was a safe place for people with money to store it, and people who needed funds to obtain them. Simple. But when I worked for the big banks there was an increasing focus on boosting shareholder returns by...

Australians lost more money to scammers in 2017 than in any other year since the ACCC began reporting on scam activity. According to the ACCC’s ninth annual Targeting scams report released on the 21st May 2018, more than 200,000 scam reports were submitted to the ACCC, Australian Cybercrime Online Reporting...

The failures within the banking sector uncovered by the royal commission constitute a “great threat” to the financial system, says ASIC chairman James Shipton.  Speaking at the Australian Council of Superannuation Investors conference in Sydney yesterday, Mr Shipton was asked how seriously he was taking the...

The latest data from S&P Global Ratings using their Mortgage Performance Index (SPIN) to March 2018 shows a rise in arrears, and significantly a hike in 90+ defaults. WA and NT continue their upward trends.Here is the S&P chart, with the value of securitised mortgages...