The failures within the banking sector uncovered by the royal commission constitute a “great threat” to the financial system, says ASIC chairman James Shipton. Speaking at the Australian Council of Superannuation Investors conference in Sydney yesterday, Mr Shipton was asked how seriously he was taking the...
The latest data from S&P Global Ratings using their Mortgage Performance Index (SPIN) to March 2018 shows a rise in arrears, and significantly a hike in 90+ defaults. WA and NT continue their upward trends. Here is the S&P chart, with the value of securitised mortgages...
Australia’s Foreign Investment Review Board (FIRB) reported this week that foreign residential real estate approvals dropped significantly in the 2016-17 period. Whereas 2015-16 saw 40,149 approvals granted, totalling A$72.4 billion, the figure for the following year was just 13,198 approvals, totalling A$25.2 billion. On these numbers,...
Centrally cleared cryptocurrency derivatives could be a real-world test of clearinghouses’ margining and default procedures, particularly if derivative notional volumes increase and cryptocurrencies exhibit heightened price volatility, says Fitch Ratings. Although they have largely avoided direct exposure to cryptocurrencies, banks’ role as clearing members creates a...
The secretary to the Treasury has warned that the financial services royal commission could result in an “unanticipated tightening in financial conditions”. Speaking before a Senate committee this week, Treasury secretary John Fraser said that the revelations aired by the royal commission have been “troubling” and...
Your update on the Australian housing market: Welcome to the inaugural QBE Australian Housing Outlook Update report - a snapshot of what’s changed since our major Housing Outlook report launched in October 2017....
Read the original article by Mara Leighton on Insider Picks here. Warren Buffett — arguably the most skilled investor of our time — said reading 500 pages a day was the key to success, because "that's how knowledge works. It builds up, like compound interest." Which is likely...
The Treasurer delivered the Federal Budget last week. The UDIA has prepared analysis for members. As expected, the budget did not deliver much for housing affordability, after the success of last year's budget. However, a commitment to a strong economy and investment in infrastructure remains. The...
Here’s a Silicon Valley secret you need to know. Rapid success of startups has nothing to do with luck and everything to do with a new breed of organizational structure, which allows massive impact with a very small footprint. I call them the Exponential Organizations,...
Could these habits be the key to your success? Talent, charisma and intelligence can all help on the road to success, but everyday habits can also play a powerful role. Having motivation and persistence helps a lot, but subconscious “habitual” activities actually take up around 40% of...