The synchronised global economic growth that began in 2018 appears to be running its course, according to NAB. ‘Synchronised global growth’ was a favoured expression by economists and research houses at the end of last year, with each of the 45 major economies tracking upward growth. “All...
It's been a turbulent six months as the nation's real estate engine rooms begin to slow despite the Reserve Bank of Australia keeping the brakes on cash rates. An analysis of the first half of the year shows apartment prices in western Sydney are bombing...
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 Commission In 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...
Customers will be likely to feel the effects of the huge fine. The Commonwealth Bank of Australia (CBA) this week agreed to pay a record penalty to settle its violations of anti-money laundering and counter-terrorism financing laws. The A$700 million fine plus legal costs will become...
Blog From the MFAA The 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...
Australia’s gig economy has been on the rise for a number of years, and new data by the Australian Bureau of Statistics (ABS) reveals that the number of workers considered to be part of this economy is still growing. From Deliveroo to Uber and Upwork,...
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...