The Times They Are A Changin – The DFA Daily 27th August 2021

In today’s show we look at the impact on regional Australia and strategies for growth there, ASIC’s change of direction under new direction and management, falling broker remuneration, and Westpac bringing mortgage processing jobs back to Australia, in another failed attempt at offshoring.

The latest edition of our finance and property news digest with a distinctively Australian flavour.

Go to the Walk The World Universe at https://walktheworld.com.au/

Today’s post is brought to you by Ribbon Property Consultants.

If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.

Buying property, is both challenging and adversarial. The vendor has a professional on their side.

Emotions run high – price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make.

Edwin understands your needs. So why not engage a licensed professional to stand alongside you. With RPC you know you have: experience, knowledge, and master negotiators, looking after your best interest.

Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.

Pets Now Welcome! Property Signs 23rd August 2021

The latest edition of our finance and property news digest with a distinctively Australian flavour.

In today’s show we look at changes to strata law which allows pets across New South Wales, how some are seeking to take advantage, the latest on property search, and the continued pressure from the Industry to abolish stamp duty.

Go to the Walk The World Universe at https://walktheworld.com.au/

Today’s post is brought to you by Ribbon Property Consultants.

If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.

Buying property, is both challenging and adversarial. The vendor has a professional on their side.

Emotions run high – price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make.

Edwin understands your needs. So why not engage a licensed professional to stand alongside you. With RPC you know you have: experience, knowledge, and master negotiators, looking after your best interest.

Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.

Asbestos: The Scientific Facts & Challenges

In the latest in our series on the health risks arising from Asbestos, we look at the scientific endeavours which have warped the truth, and excluded public debate. We use important research from Asbestos Awareness Australia.

https://asbestosawarenessaustralia.com.au/

Given that around 4,000 people in Australia die each year from exposure to Asbestos, and of that more than 800 die from the severe disease of mesothelioma, its time for fresh thinking and more specific alerts to the community, especially those undertaking DIY renovations. At least a third of all property across Australia contains highly dangerous Asbestos. Yet science is mute. And in the third wave ever more women are being impacted.

“[N]ot only was the medical profession’s reaction to the asbestos hazard often feeble, but scientists have also been among the industry’s most strident defenders. There are two reasons why that was so: corporate suppression and intimidation meant that criticism of the industry came at a price … and the convergence of the economic, political and social interests of the scientific establishment and commerce. “

Here is the full report for download and printing.

https://digitalfinanceanalytics.com/blog/wp-content/uploads/2021/08/Asbestos-Science-21-Aug-2021-FINALpdf.pdf

Research, Research, Research…

Using data provided by Asbestos Awareness Australia we examine the dynamics of research economics, and highlight how politics and profit distorts investment and thus medical progress. If a particular disease is presented as “an old man’s disease”, a “working class disease”, funding is less likely to be provided. Plus the industry has a track record of financing “experts” if they tow the right lines. Full report is below.

https://digitalfinanceanalytics.com/blog/wp-content/uploads/2021/07/Burdens-Research-18-July-FINAL.pdf

Banks Behaving Badly – Or Something More? [Podcast]

The latest edition of our finance and property news digest with a distinctively Australian flavour. Today we look at Wells Fargo’s jettison of personal lines of credit, and UK banks stopping customers transferring funds to crypto exchanges. It is an over reach – or is something else going on?

Go to the Walk The World Universe at https://walktheworld.com.au/

Digital Finance Analytics (DFA) Blog
Digital Finance Analytics (DFA) Blog
Banks Behaving Badly - Or Something More? [Podcast]
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Its No Joke… The DFA Daily 1st April 2021 [Podcast]

The latest edition of our finance and property news digest with a distinctively Australian flavour.

CONTENTS

0:00 Start
0:40 Introduction
1:00 Retail Turnover
2:25 New Loan Commitments
5:54 APRA Loan Deferrals
7:45 US Infrastructure Spending
14:45 US Digital Dollar
17:15 APRA Action Against Macquarie
19:49 ASIC Sues CBA
23:48 ASIC bans sale of Binary Options
26:45 HomeBuilder creates materials shortage
30:30 Sukkar And Irresponsible Lending
37:00 Conclusions…

Go to the Walk The World Universe at https://walktheworld.com.au/

Digital Finance Analytics (DFA) Blog
Digital Finance Analytics (DFA) Blog
Its No Joke... The DFA Daily 1st April 2021 [Podcast]
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Its No Joke… The DFA Daily 1st April 2021

The latest edition of our finance and property news digest with a distinctively Australian flavour.

CONTENTS

0:00 Start
0:40 Introduction
1:00 Retail Turnover
2:25 New Loan Commitments
5:54 APRA Loan Deferrals
7:45 US Infrastructure Spending
14:45 US Digital Dollar
17:15 APRA Action Against Macquarie
19:49 ASIC Sues CBA
23:48 ASIC bans sale of Binary Options
26:45 HomeBuilder creates material shortage
30:30 Sukkar And Irresponsible Lending
37:00 Conclusions…

Go to the Walk The World Universe at https://walktheworld.com.au/

The SME Responsible Lending Misdirection

The appalling proposed changes to Responsible Lending got stalled in the Senate last week. But the Government is going to try and convince the cross-benches they should be passed for the sake of the SME sector.

However, this is absolute misdirection, as SME lending (globally as well as locally) are impacted by a range of broader factors, including the risk-weights, which explain the reason for credit rationing. It has nothing to with Responsible lending, it is just a convenient excuse to try and push the opposition over the line. Just remember the Hayne Royal Commission clearly recommended keeping the current consumer protections. And also, SME lending is in any case not subject to Responsible Lending provisions. This is a dog-whistle by a desperate Politicians keen to serve their Banking masters.

Go to the Walk The World Universe at https://walktheworld.com.au/