Mark Bristow

CBA responds to AUSTRAC allegations

The Commonwealth Bank of Australia (CBA) has slashed the bonuses of its CEO and executive leadership in response to the recent legal action from the Australian Transaction Reports and Analysis Centre (AUSTRAC).

More Aussies worried about retirement

A growing number of Australians are feeling less secure about their financial future, believing that their retirement will see them with too much debt and not enough savings.

Foreign investors pay four times as much NSW stamp duty

The impact of recent changes to stamp duty in New South Wales is being felt, with a recent study by the Housing industry Association (HIA) finding foreign investors to be paying almost four times as much stamp duty in NSW as local buyers.

QBE refunds car insurance after ASIC review

Insurance provider QBE has paid out $15.9 million in refunds to car insurance customers who were receiving little to no benefit from their policies, following a review from the Australian Securities & Investments Commission (ASIC).

Consumer credit insurance confusion spurs ASIC overhaul

The Australian Securities & Investments Commission (ASIC) has commenced work with representatives from the banking industry on reforming Consumer Credit Insurance (CCI) in Australia.

Strength shown in SA sales

The latest market update from the Real Estate Institute of South Australia (REISA) shows strength in the southern state’s property industry, particularly in the Adelaide metro area.

Aussie households less optimistic about their financial future

A significant percentage of Australians have concerns about their financial comfort, given recent economic forecasts of rising household costs, growing risk of mortgage stress, and relatively slow growth in incomes.

Signs of stability appear for Perth property

Declines in the Western Australian property market may be coming to an end, with preliminary figures gathered by the Real Estate Institute of Western Australia (REIWA) indicating that stability may be returning to the market.

Aussies abandoning cash and cheques for cards and tech

New figures released by the Reserve Bank of Australia (RBA) confirm what many of us have suspected for some time – fewer Aussies are making cash payments for their purchases, and more are utilising cards and other cashless fintech solutions.

Capital cities drive new property listings

New figures from CoreLogic show that while real estate activity is going great guns in Australia’s capital cities, less activity is being recorded in our regional areas in a year-on-year basis.