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Banking

Modco Residential owner Cynthia Lu sells luxurious items on Facebook before company collapse

by Anas Siddiqui
Modco Residential owner Cynthia Lu sells luxurious items on Facebook before company collapse

The owner of failed boutique builder Modco Residential tried to sell off her designer goods online just a few months before her company collapsed. Perth entrepreneur Cynthia Lu took to …

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Mid-year sales fail to boost retail turnover in June as Aussies cut costs

by Anas Siddiqui
Mid-year sales fail to boost retail turnover in June as Aussies cut costs

Australians have turned off the tap on spending despite lowering inflation, with even mid-year sales not enough to boost retail turnover. Retail turnover fell 0.8 per cent in June 2023, …

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Family have identity stolen after MyGov ‘hacking’

by Anas Siddiqui
Family have identity stolen after MyGov ‘hacking’

A family have revealed how they almost lost it all after hackers stole their identity from an app designed to make Australian’s lives easier. Adelaide couple Sarah and Aaron told …

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Aussies warned to brace for repayment shock, increase in mortgage arrears rate

by Anas Siddiqui
Aussies warned to brace for repayment shock, increase in mortgage arrears rate

A finance expert has warned that mortgage arrears could “tick up” as soon as the second half of 2023, with millions of Aussie borrowers on a mortgage cliff of low …

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ASX falls 0.7 per cent after two record setting days

by Anas Siddiqui
ASX falls 0.7 per cent after two record setting days

Australia’s share market has had a depressing end to the week, slumping by over half a percentage point after two record-high days. The ASX200 closed lower on Friday, dropping 52.30 …

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ASX falls 0.7 per cent after two record setting days

by Anas Siddiqui
ASX falls 0.7 per cent after two record setting days

Australia’s share market has had a depressing end to the week, slumping by over half a percentage point after two record-high days. The ASX200 closed lower on Friday, dropping 52.30 …

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NAB hikes interest on fixed rate home loan products

by Anas Siddiqui
NAB hikes interest on fixed rate home loan products

NAB has raised the interest customers will pay for its fixed rate loans for the second week in a row. The major bank increased the fixed rate for owner-occupiers and …

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NAB hikes interest on fixed rate home loan products

by Anas Siddiqui
NAB hikes interest on fixed rate home loan products

NAB has raised the interest customers will pay for its fixed rate loans for the second week in a row. The major bank increased the fixed rate for owner-occupiers and …

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ASX200 closes on second consecutive 100-day high, up 0.7 per cent

by Anas Siddiqui
ASX200 closes on second consecutive 100-day high, up 0.7 per cent

The Australian share market has continued its winning streak, topping its 100-day high only set one day ago. The S&P/ASX200 closed up Thursday, gaining 53.90 points or 0.73 per cent …

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ASX200 jumps to 100-day high after positive inflation news

by Anas Siddiqui
ASX200 jumps to 100-day high after positive inflation news

The Australian share market has made the most of good news on inflation, with stocks surging higher on Wednesday. The S&P/ASX200 closed up on Wednesday, gaining 62.30 points or 0.85% …

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