Maurice Blackburn Lawyers has filed the first class action against AMP, alleging that the bank eroded more than an estimated two million superannuation accounts with ‘unreasonable fees’, via InvestorDaily. The action is seeking compensation for the bank’s super fund members. Maurice Blackburn has opened an online portal where members can sign up to claim fees dating back to 30 … Continue reading “AMP class action filed”
S&P Dow Jones Indices released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. Data released for March 2019 shows that the rate of home price increases across the U.S. has continued to slow. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. … Continue reading “US Home Price Gains Continue To Weaken”
The number of dwellings approved in Australia fell by 0.6 per cent in April, in trend terms, according to data released by the Australian Bureau of Statistics (ABS) today. “The overall decrease was led by private sector houses, which declined 1.9 per cent in trend terms,” said Justin Lokhorst, Director of Construction Statistics at the … Continue reading “Private house approvals fall in April”
Australian SMEs are still suffering as 70% of brokers agree that cashflow is “definitely more” of a problem to small businesses now compared to 12 months ago. Ninety-two percent of them believe finance is “more difficult” to access after the Banking Royal Commission, according to a recent poll of the broking community commissioned by B2B … Continue reading “SMEs continue to struggle with cashflow”
Despite the recent surge of optimism regarding the property market, one financial analyst feels that the relief is misplaced, via Australian Broker. “There are some people now claiming that property prices have hit bottom and it’s all up and away from here. But then, there are others who rightly focus on the burden of debt, which … Continue reading “Housing market unlikely to rebound soon”
From The Conversation. Homelessness has increased greatly in Australian capital cities since 2001. Almost two-thirds of people experiencing homelessness are in these cities, with much of the growth associated with severely crowded dwellings and rough sleeping. Homelessness in major cities, especially severe crowding, has risen disproportionately in areas with a shortage of affordable private rental … Continue reading “Homelessness soars in our biggest cities”
Property expect Joe Wilkes and I discuss the latest New Zealand data, and consider the drive to attract first time buyers in both NZ and Australia. What does the data say? See the RBNZ May Financial Stability report.
I discuss the current economic settings and expectations for future rate cuts and home prices on 6PR Perth with Gareth Parker.
Property expect Joe Wilkes and I discuss the latest New Zealand data, and consider the drive to attract first time buyers in both NZ and Australia. What does the data say? See the RBNZ May Financial Stability report.
I discuss the current economic settings and expectations for future rate cuts and home prices on 6PR Perth with Gareth Parker.