Monthly average losses to NBN scams almost triple in 2019

Australians are losing more money to NBN scams, with reported losses in 2019 already higher than the total of last year’s losses, according to the ACCC. Consumers lost an average of more than $110,000 each month between January and May this year, compared with around $38,500 in monthly average losses throughout 2018 – an increase … Continue reading “Monthly average losses to NBN scams almost triple in 2019”

ANZ NZ CEO Quits

ANZ NZ says David Hisco, its CEO of almost 9 years, is leaving due to ‘ongoing health issues’ and ‘the characterisation of certain transactions following an internal review of personal expenses’ This follows the Reserve Banks’ censure of their operations, as we reported recently. According to a report in interest.co.nz, ANZ NZ is comfortably New … Continue reading “ANZ NZ CEO Quits”

Canada’s Soft Home Price Landing?

On 14 June, the Canadian Real Estate Association (CREA) reported that May home sales rose 1.9% nationally from April, says Moody’s. The report confirms other recent data suggesting that macro-prudential measures the Canadian government has taken to cool extreme houseprice appreciation over the past five years have been successful in engineering a “soft landing,” easing … Continue reading “Canada’s Soft Home Price Landing?”

Inducing Consumer Paralysis

Do you think you are paying more than you should for energy, banking, insurance, internet and phone services? You are not alone, and you are probably right. From The Conversation. Companies offer a growing number of deals that supposedly enable you to choose what is best for you. Every basic economics textbook tells us greater … Continue reading “Inducing Consumer Paralysis”

Auction Results 15 Jun 2019

Domain have released their preliminary results for today. The final result last week settled at 47.4%, on low volumes thanks to the long weekend. This week, the volume is higher at 1,281 listed for auction though still lower than a year ago, when 1,661 were listed. The final clearance will settle lower. Canberra listed 29, … Continue reading “Auction Results 15 Jun 2019”