Real Estate Developers Hurt By Stringent Foreign Investor Rules

Australian property developers across the country are suffering as the additional taxes and levies combined with tighter lending restrictions has begun to hurt the already weak apartment market. Australian billionaire and real estate developer Harry Triguboff who is the managing director of Meriton states that foreign investors who once invested heavily in Australia’s real estate […]

Australian Report Finds Wage Theft Amongst Foreign Students & Backpackers

A landmark study by the University of New South Wales (UNSW) Sydney and University of Technology Sydney (UTS) was carried out to uncover the widespread wage theft happening among backpackers, international students and temporary migrants in Australia. The report titled ‘Wage Theft In Australia: Findings Of The National Temporary Migrant Work Survey’ was published on […]

Jay Weatherill Attacks Major Banks By Labeling Them Money Launderers

Jay Weatherill, the South Australian Premier launched a surprising attack against the country’s largest banks calling them money launderers and accused them of being partners with criminal and terrorist groups. Speaking at a renewable energy event held in Adelaide earlier this week, Weatherill said that he would continue pushing his controversial proposal to introduce state […]

Moody’s Cuts Ratings For Major Banks Citing Rising Household Debt

Ratings agency Moody's has slashed its rating for several Australian banks including four major banks in the country, sounding an alarm at the rising level of household debt in the economy. The four major banks in Australia which are the Commonwealth Bank of Australia (CBA), the Australia and New Zealand Banking Group (ANZ), Westpac Banking Corporation (Westpac) and National […]