house foreign world globe property market investment buyer international

Foreign investors are laundering dirty money into Australian real estate

Foreigners are purchasing expensive real estate in Australia—some of which may have been the direct result of money laundering! That’s the finding of Berlin-based Transparency International (TI), an international non-government organisation that aims to combat corruption and prevent criminal activities arising from corruption, recently released a report that analysed money laundering loopholes in four countries. Entitled…

property economy market

The APRA bandaid for the housing market is wearing off

The government’s unwillingness to consider changing the tax system to fix housing affordability makes it more likely that APRA may have to become even more prescriptive with its lending criteria, writes… Saul Eslake, University of Tasmania The Australian Prudential Regulatory Authority (APRA) and the Reserve Bank (RBA) are locked into a strange game of tweaking…

Michael's Daily Insights

Join Michael Yardney's inner circle of daily subscribers.

NOTE: this daily service is a different subscription to our weekly newsletter so...