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The Commonwealth Bank CEO Matt Comyn would about rising Australian house prices and debt levels

Commonwealth Bank chief executive Matt Comyn has become the first boss of a major bank to concede he is worried about a surge in Australian house prices and mortgage debt levels. ....

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Australians Support Falun Dafa Practitioners on World Falun Dafa Day

Australians Support Falun Dafa Practitioners on World Falun Dafa Day
Federal minister shows support on World Falun Dafa Day
MELBOURNE, Australia Federal Liberal MP Tim Wilson, Australia’s former human rights commissioner, has given his support to Falun Dafa practitioners on World Falun Dafa Day saying he believes liberal democratic countries, like Australia, have a responsibility to uphold religious freedoms in the face of “cultural hegemony,” being imposed by oppressive authoritarian regimes such as the Chinese Communist Party (CCP).
Wilson made his remarks in a letter of support for World Falun Dafa Day, marked annually around the world to celebrate the anniversary of Falun Dafa’s introduction to the public in 1992 by founder Mr. Li Hongzhi. ....

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Why property price growth will slow down later this year

National property prices surged by 2.8 per cent in March - the fastest monthly pace since October 1988.
Sydney did even better with median house prices surging by 4.3 per cent in little more than four weeks to an even more unaffordable $1.112million, CoreLogic data showed.
While house prices are growing, apartment values aren t going up at quite the same pace, with national unit values last month edging up by 1.9 per cent.
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Australian property price growth is expected to slow later this year with city apartments and houses in the far outer suburbs most at risk. Pictured are houses at Cecil Hills in south-west Sydney ....

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ASIC confirms it is investigating investment switching by super fund execs

Answering a question on notice from the Parliamentary Joint Committee on Corporations and Financial Services, ASIC spelled out its approach stating that before it actually exercised its compulsory information gathering powers it was examining publicly available information, including written answers provided by superannuation funds.
“We have been examining publicly available information, including the written answers provided by superannuation funds to the House of Representatives Economics Committee concerning switching activity by trustees and senior executives following unlisted asset revaluations, and the funds’ conflict management policies,” ASIC said.
“The information provided by funds to the Committee is helping inform ASIC’s further investigations.” ....

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