Scamwatch has been notified of losses totalling $12,237,870 in false billing cases – which is where these crimes are recorded - in the first five months of 2025.
It’s been a rough few months for business decision-makers, with the threat from wars, global tensions and the uncertainties posed by Donald Trump’s abrupt announcements on trade, defence, aid, the environment, education and health. But some say uncertainty might not be a bad thing, especially for Australian property.
Australia is the world’s 12th largest economy and a key player in global affairs, especially in the Asia-Pacific. So when Donand Trump whips out his black Sharpie, it pays to be looking over his shoulder. Here are some of the areas commanding our attention.
The practice of conveyancers handing up to $500 kick-back payments to real estate to land work is wrong and “unethical”, says the Victorian AIC president. And she has 1,260 petition signatures to back up as a case to regulators to ban it.
REIQ has warned real estate agents of the possibility of delays and disruption to auctions of properties in strata buildings.
The laws to combat money laundering through real estate are coming and professionals in the property sector need to get themselves ready to manage the change. It’s a necessary evil but it could also be costly.
Just a small percentage of the Anti-Money Laundering-related fines handed out to UK conveyancers and lawyers are for handling the proceeds of crime.
The Housing Industry Association (HIA) latest report will be good news for government hoping to see the Housing Accord back on track.
FOMO back in the market with super competitive auctions making it feel like 2021 when rates were very low.
Meeting minutes have shed new light on the Reserve Bank's decision to hold rates steady in July, with Australia's low unemployment rate a concern for the board.
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