52 declare bankruptcy in Mackay over a grim three months – Mackay Daily Mercury

EIGHTY-SEVEN people from the Mackay Region has filed for bankruptcy or started personal insolvency activity in the December quarter of 2016. Of the 87, 52 filed for bankruptcy and 32 started a debt agreement and personal insolvency with debtors the new figures released by Australian Financial Security Authority. The dismal statistics show people are struggling…

Details

RBA says loans from the ‘bank of mum and dad’ double – The Australian Financial Review

The proportion of first-home buyers relying on help from their parents to enter the property market has more than doubled since the 1970s, helping keep steady the size of loans relative to the value of dwellings, Reserve Bank of Australia research shows. In a provocative speech by Reserve Bank assistant governor Luci Ellis, the Reserve…

Details

The Star tweaks China strategy as whales stay away – The Australian Financial Review

The Star Entertainment Group has confirmed what everyone in the gaming industry knew the minute Chinese authorities arrested 18 Crown Resorts staff three months ago. The world’s most lucrative source of gaming revenue was suddenly off limits and casinos could no longer rely so much on the private jet-loads of high-rollers flocking to casinos in…

Details

Winona Senator introduces plan to help college graduates with loan debt – La Crosse’s NewsTalk 1410AM 92.3FM

Credit up to $1,000 for those paying 10% of income on student loans. Minnesota Senator Jeremy Miller (R-Winona) has introduced a bill that he believes will help a group that is often overlooked in the college-affordability discussion. Senate File 941 is a tax credit of up to $1,000 for those individuals paying at least 10…

Details