Download IPFS Australian households withdrew $12 billion from savings in June – the first monthly decline in a year – as residential mortgage lending surged to record levels. APRA data reveals this 0.74% dip in household deposits coincided with a $17.7 billion expansion in bank home loan portfolios, the largest[Read More…]

Download IPFS Warren Buffett’s Berkshire Hathaway has reported a $3.76 billion write-down on its long-held stake in Kraft Heinz, marking one of the most significant admissions that the decade-old investment has failed to deliver. The impairment contributed to a 59 percent plunge in the firm’s net income for the second[Read More…]

Download IPFS Australia’s credit repair industry faces intensified scrutiny as the Australian Securities & Investments Commission (ASIC) launches a sweeping review of debt management providers. The regulatory probe targets firms suspected of charging excessive fees, delivering inadequate services, and failing vulnerable consumers. With approximately 100 licensed operators under examination, ASIC[Read More…]

Download IPFS The collapse of David Venn Enterprises, which owed over $7.5 million at the time of liquidation, has exposed deeper cracks in Australia’s entertainment sector. Once hailed for its creative flair and commercial promise, the industry is now grappling with post-pandemic recovery challenges, high production costs, and dwindling investor[Read More…]

Download IPFS Millions in bank refunds ordered by the Australian Securities and Investments Commission (ASIC) provide temporary relief but no real solution to Australia’s housing affordability crisis. ANZ, Westpac, and Bendigo Bank must repay $60 million to 770,000 low-income customers after charging excessive fees, adding to last year’s $33 million[Read More…]

Download IPFS New research from the University of South Australia has found that two basic financial habits: regular saving and timely credit card repayment  are strongly associated with improved mental health outcomes. The findings highlight how personal finance behaviour can have measurable psychological benefits, underscoring the value of financial responsibility[Read More…]