Monthly Archives: November 2014

Australia’s white collar criminals are doing the crime, but not the time

Posted on November 1, 2014 by | 0 Comments
Recently, the head of the Australian Securities and Investments Commission, Greg Medcraft, called Australia a “paradise” for white-collar criminals. Soon after he recanted, claiming he didn’t want the country to become a haven for financial fraudsters. This rephrasing likely followed when Finance Minister Mathias Cormann leaned on Medcraft. The mass media has done an admirable job bringing the CBA financial planner scandal to light, forcing ASIC to finally investigate, the Senate to inquire and the...

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Secret agents’ price ploy exposed as underquoting ‘rife’ in suburbs

Posted on November 1, 2014 by | 0 Comments
REAL estate agents in popular Melbourne and Sydney suburbs routinely underquote by up to 30 per cent, new research lifting the lid on one of the industry’s dirtiest secrets has found. Data from property pricing app realAs shows that underquoting of properties going to auction ­remains rife. A study identifies Melbourne’s outer east — where a flurry of ­Chinese buying has sent prices soaring — as Australia’s epicentre of the practice. On ­average, properties in Blackburn...

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