| Allianz Partners Highlights the Risks of Travelling Uninsured Sun, 14 Dec: Recent research commissioned by the Insurance Council of Australia (ICA) and the Department of Foreign Affairs and Trade's (DFAT) Smartraveller program has unveiled a concerning trend: approximately 14% of Australian travellers embark on international journeys without any form of travel insurance. This statistic has prompted Allianz Partners to urge Australians to reconsider the importance of securing adequate coverage before travelling abroad. - read more
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| Surge in Medical Claims Among Australian Travellers Highlights Importance of Comprehensive Insurance Sun, 14 Dec: In 2024, medical incidents emerged as the leading cause of travel insurance claims among Australian travellers, accounting for more than 40% of all claims handled by nib Travel. This trend underscores the critical importance of securing comprehensive travel insurance to mitigate the financial risks associated with medical emergencies abroad. - read more
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| Rising Travel Insurance Claims Among Australians Visiting Bali Sun, 14 Dec: The allure of Bali continues to captivate Australian travellers, with a notable 43% increase in travel insurance policies purchased for the destination since the 2022/23 summer season. This surge has corresponded with a 50% rise in related insurance claims, now accounting for 16% of all claims submitted to Southern Cross Travel Insurance (SCTI) in 2024. - read more
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| QBE Insurance Faces Market Challenges with Slower Premium Growth Sun, 14 Dec: QBE Insurance Group, Australia's largest insurer by market value, recently experienced a significant decline in its share price, reaching a seven-month low. This downturn is primarily attributed to a slowdown in the company's premium rate growth during the third quarter of 2025. - read more
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| Australian Insurers Achieve Record Profits Amid Rising Premiums Sun, 14 Dec: Australia's insurance industry has reported an after-tax profit of $6.1 billion for the year 2024, a figure that is three times higher than the five-year average of $2 billion. This substantial increase is attributed to significant premium hikes and a relatively benign year for natural disasters. - read more
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| Consumers Left in the Dark Over Steep Insurance Premium Increases Sun, 14 Dec: Australian consumers are grappling with substantial increases in insurance premiums, often receiving little to no explanation for the hikes. This lack of transparency has led to growing concerns and calls for greater regulatory oversight in the insurance industry. - read more
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| ACCC Scrutinises IAG's Proposed Acquisition of RAC Insurance Sun, 14 Dec: The Australian Competition and Consumer Commission (ACCC) has expressed concerns regarding Insurance Australia Group's (IAG) proposed A$1.35 billion acquisition of the Royal Automobile Club of Western Australia's (RAC) insurance business. The ACCC warns that this deal could significantly reduce competition in Western Australia's motor and home insurance markets, potentially leading to higher premiums and diminished service quality for consumers. - read more
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| IAG Highlights Climate Change's Role in Rising Home Insurance Costs Sun, 14 Dec: Insurance Australia Group (IAG) has highlighted the growing impact of climate change on home insurance premiums in Australia. The insurer reports that increasingly frequent and severe weather events are contributing to higher costs for homeowners seeking coverage. - read more
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| ASIC Takes Legal Action Against RACQ Insurance Over Misleading Premium Information Sun, 14 Dec: The Australian Securities and Investments Commission (ASIC) has commenced legal proceedings against RACQ Insurance, a subsidiary of Insurance Australia Group (IAG), alleging that the insurer misled over 570,000 customers between September 2019 and December 2024. The regulator claims that RACQ included inflated 'last period premium' amounts in renewal notices, potentially causing customers to pay more than necessary. - read more
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| Embracing AI: How Australian Restaurants Are Innovating Operations Sun, 14 Dec: In the rapidly evolving landscape of the Australian hospitality industry, artificial intelligence (AI) is emerging as a transformative force. Recent data indicates that approximately 66% of restaurant operators in Australia perceive AI and automation as beneficial to their businesses. This growing optimism underscores a significant shift towards technological integration in the sector. - read more
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| Australian Hospitality Sector Faces Unprecedented Business Closures Sun, 14 Dec: The Australian hospitality industry is currently grappling with significant economic challenges, leading to an unprecedented rate of business closures. Recent data reveals that 9.4% of food service and hospitality businesses have ceased operations in the past year, marking a record high for the sector. - read more
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| Australian Insurers Embrace Parametric Solutions Amid Climate Challenges Sun, 14 Dec: As Australia faces escalating natural hazard risks due to climate change, the insurance industry is adopting innovative solutions to address these challenges. A notable development is the increasing adoption of parametric insurance, designed to provide faster payouts and address underinsurance issues. - read more
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| Steadfast Group Halts Trading Amid Strata Insurance Controversy Sun, 14 Dec: In September 2024, Steadfast Group, Australia's largest general insurance broker network, suspended trading on the Australian Stock Exchange (ASX) following serious allegations of misleading clients and failing to disclose commissions in its strata insurance operations. The company's share price plummeted by 6.14% to $5.96 after reports emerged suggesting that undisclosed financial arrangements between insurance companies, brokers, and strata managers were inflating insurance costs for property owners. - read more
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| Hanwha's Stake in Austal: Australia's Conditional Approval Sat, 13 Dec: In a significant development for Australia's shipbuilding industry, the Australian government has approved South Korean conglomerate Hanwha's proposal to increase its shareholding in Austal Limited from 9.9% to 19.9%. This decision comes with stringent conditions aimed at protecting national security interests. - read more
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| Yamaha Tops Australian Marine Market Searches Ahead of Summer Sat, 13 Dec: As Australia gears up for the summer season, Yamaha has solidified its position as the most-searched marine brand in the country. According to Retain Media's Q3 2025 Marine Market Brand Consideration Report, Yamaha holds an 8.4% share of search queries, maintaining its lead from the previous quarter. - read more
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| South Australia Invests in Advanced Coastal Research Vessel Sat, 13 Dec: The South Australian government has committed $44 million in the 2025–26 State Budget to fund a new state-of-the-art coastal research vessel. This 37.7-metre vessel is designed to support a wide range of marine research activities, including fisheries, aquaculture, climate science, and oceanography. - read more
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| AFCA Advises SMEs to Verify Lender Membership Sat, 13 Dec: The Australian Financial Complaints Authority (AFCA) has recently highlighted a critical issue affecting small and medium-sized enterprises (SMEs): the necessity of verifying a lender's membership status before securing business financing. This advisory comes in response to a significant number of complaints that AFCA is unable to address due to the lenders' non-membership status. - read more
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| Coalition Proposes Easier SME Loans Without Home Collateral Sat, 13 Dec: In a recent policy proposal, the Coalition has advocated for easing lending regulations to facilitate small and medium-sized enterprises (SMEs) in obtaining business loans without the necessity of using their homes as collateral. This initiative is part of a broader effort to support the SME sector by addressing one of the significant barriers to accessing finance. - read more
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| ATO's Tax Penalty Reforms: What SMEs Need to Know Sat, 13 Dec: Small and medium-sized enterprises (SMEs) in Australia are facing imminent changes to tax penalty regulations that could significantly impact their financial obligations. Starting from July 1, 2025, the Australian Taxation Office (ATO) will implement reforms that render both the general interest charge (GIC) and the shortfall interest charge (SIC) non-deductible for tax purposes. - read more
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| APRA Implements Cap on High DTI Home Loans to Address Housing Market Concerns Sat, 13 Dec: The Australian Prudential Regulation Authority (APRA) has announced a significant policy change aimed at mitigating risks in the housing market. Effective February 2026, APRA will impose a cap on high debt-to-income (DTI) home loans, limiting such loans to 20% of new home lending. This measure applies to both owner-occupiers and investors, with the exception of new housing developments. - read more
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| CHU's 2025 State of the Strata Market Report: Key Insights for Property Owners Sat, 13 Dec: CHU, Australia's leading strata insurance underwriting agency, has released its 2025 State of the Strata Market report, providing a comprehensive analysis of current industry trends and challenges. The report indicates that strata insurance premiums have experienced a modest increase of 2.8% over the past year, rising from an average of $954 to $981 per lot annually. - read more
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| NSW Fair Trading Proposes New Powers to Ensure Strata Property Maintenance Sat, 13 Dec: The New South Wales (NSW) government has introduced a new tranche of strata reforms to parliament, aiming to enhance the maintenance and safety of apartment buildings across the state. A key component of these reforms is the proposal to grant NSW Fair Trading the authority to enter any apartment building without a warrant if there are reasonable grounds to believe that the owners corporation is failing to maintain common property adequately. - read more
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| APRA Implements Cap on High Debt-to-Income Home Loans Fri, 12 Dec: The Australian Prudential Regulation Authority (APRA) has announced a significant policy change aimed at mitigating risks in the housing market. Effective February 2026, APRA will impose a cap on high debt-to-income (DTI) home loans, limiting such loans to 20% of new home lending. This measure applies to both owner-occupiers and investors, with an exemption for new housing developments. - read more
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| Commonwealth Bank Highlights Concerns Over Surging Home Loan Demand Fri, 12 Dec: The Commonwealth Bank of Australia (CBA), the nation's largest lender, has raised concerns about the current high demand for home loans, which is contributing to escalating property prices. CEO Matt Comyn acknowledged that while the bank has benefited from the surge in housing credit, such high levels are unsustainable and could undermine long-term financial stability, housing equality, and market accessibility. He suggested that a more moderate pace of credit growth would be beneficial. - read more
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| Black Friday Sales Lead to Surge in Credit Card Debt Among Australians Fri, 12 Dec: As Black Friday sales gain popularity in Australia, consumer advocates are raising concerns about the financial strain these events place on individuals and families. The allure of significant discounts and the social pressure to participate in these sales have led many Australians to increase their credit card debt, potentially exacerbating financial stress. - read more
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| ASIC Calls for Improved Consumer Safeguards in Car Finance Sector Fri, 12 Dec: The Australian Securities and Investments Commission (ASIC) has recently conducted a comprehensive review of the nation's motor vehicle finance sector, uncovering significant issues that raise concerns about consumer protection and lending practices. - read more
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| Australia's Electric and Hybrid Vehicle Financing Soars in 2024 Fri, 12 Dec: Australia is witnessing a significant shift towards sustainable transportation, as evidenced by a remarkable surge in financing for electric and hybrid vehicles. In 2024, the Australian Finance Industry Association (AFIA) reported that over $6.17 billion was allocated to finance 104,835 electric and hybrid vehicles, marking a 50% increase from the previous year. - read more
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| Australia's Used Car Market Shows Signs of Cooling After Robust 2024 Fri, 12 Dec: The Australian used car market, which experienced significant growth throughout most of 2024, is now showing signs of deceleration, prompting industry experts to adopt a more cautious outlook for 2025. According to the 2024 Year That Was Automotive Insights Report (AIR) released by the Australian Automotive Dealer Association (AADA) in partnership with AutoGrab, total used car sales reached 2,324,805 units in 2024, marking a 12.1% increase compared to 2023. - read more
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| ACCC Halts IAG's Acquisition of RAC Insurance Over Competition Concerns Thu, 11 Dec: The Australian Competition and Consumer Commission (ACCC) has recently blocked Insurance Australia Group's (IAG) proposed acquisition of RAC Insurance Pty Limited. This decision underscores the regulator's commitment to maintaining competitive dynamics within Western Australia's insurance market. - read more
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| Suncorp Reaches Maximum Reinsurance Retention Following Severe Storms in Queensland and NSW Thu, 11 Dec: Recent supercell thunderstorms in South East Queensland and northern New South Wales have led to a surge in insurance claims, prompting Suncorp to reach its maximum reinsurance retention of $350 million. The insurer has reported over 10,000 claims related to these events, with approximately half pertaining to home damages and the other half to motor vehicles. - read more
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| NTARC Report Identifies Inattention and Speed as Primary Factors in Major Truck Crashes Thu, 11 Dec: The National Truck Accident Research Centre (NTARC) has released its latest Major Incident Investigation Report, highlighting inattention, distraction, and inappropriate speed as the most frequent human factors behind major truck crashes in Australia. While there has been a modest reduction in these incidents compared to previous years, they continue to pose significant risks to road safety. - read more
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| MitchCap's Strategic Alliance with BIA and BIAV: A New Era for Australia's Marine Industry Thu, 11 Dec: The Australian marine industry is set to benefit from a significant partnership between MitchCap, the Boating Industry Association (BIA), and the Boating Industry Association of Victoria (BIAV). This collaboration aims to enhance financial literacy and provide robust support to marine businesses across the nation. - read more
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| Austal's US$100 Million Boost: Strengthening US Shipbuilding Capabilities Thu, 11 Dec: Austal Limited, a prominent Australian shipbuilder, has secured a US$100 million loan facility from Export Finance Australia (EFA). This funding is set to bolster Austal's construction of vessels for the US Navy and US Coast Guard at its Mobile, Alabama shipyard. - read more
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| Navigating Towards Sustainability: Hybrid Propulsion in Australia's Marine Industry Thu, 11 Dec: The Australian marine industry is witnessing a significant shift towards sustainability, marked by the increasing adoption of hybrid propulsion systems and eco-friendly technologies. This trend reflects a global movement towards reducing emissions and promoting environmental stewardship within the boating community. - read more
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| October 2025 Sees Significant Rise in Australian Household Spending Thu, 11 Dec: In October 2025, Australian household spending experienced a notable increase of 1.3%, reaching A$78.4 billion. This marks the most substantial monthly rise in nearly two years, as reported by the Australian Bureau of Statistics. The surge was primarily driven by heightened expenditures on clothing, electronics, and hospitality services, spurred by year-end sales events. - read more
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| APRA's New Cap on High Debt-to-Income Home Loans: What Borrowers Need to Know Thu, 11 Dec: In a proactive move to address potential risks in the housing market, the Australian Prudential Regulation Authority (APRA) has announced a new policy set to take effect in February 2026. This policy will cap the issuance of high debt-to-income (DTI) home loans at 20% of new lending portfolios for authorized institutions. Specifically, loans where the borrower's debt exceeds six times their income will be subject to this limitation. - read more
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| Rising Personal Debt Levels Among Australians: Insights from Canstar's 2025 Survey Thu, 11 Dec: Recent findings from a national survey conducted by financial comparison site Canstar reveal a concerning trend in Australia's personal debt landscape. While the proportion of Australians holding non-property-related personal debt has decreased, those who do carry such debt are facing higher average amounts. In 2025, the average personal debt has risen to $17,634, up from $15,179 in previous years. - read more
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| RBA Holds Interest Rates Steady, Warns of Potential Hikes Thu, 11 Dec: The Reserve Bank of Australia (RBA) has maintained the cash rate at 3.6% during its final policy meeting of 2025, signaling a cautious approach amid persistent inflationary pressures. Governor Michele Bullock emphasized that while no immediate rate hikes were discussed, the possibility remains if inflation does not subside. - read more
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| Decline in Australian Business Conditions Reflects Capacity Challenges Thu, 11 Dec: In November, Australian business conditions experienced a downturn, with declines in sales and profits indicating potential cooling in consumer demand. The National Australia Bank (NAB) survey reported a drop in the business conditions index to +7, down three points from the previous month. Business confidence also fell by five points to +1, suggesting growing caution among businesses. - read more
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| Australian Household Spending Surge Signals Potential Rate Hikes Thu, 11 Dec: In October 2025, Australian household spending surged by 1.3% to A$78.4 billion, marking the largest monthly increase in nearly two years. This uptick, driven by heightened spending on clothing, electronics, and hospitality, pushed annual spending growth to 5.6%. - read more
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| Zone RV's Financial Woes: $40 Million Debt Revealed Thu, 11 Dec: The recent collapse of luxury caravan manufacturer Zone RV has sent shockwaves through the Australian caravan industry. The company, based in Coolum on Queensland's Sunshine Coast, has been revealed to owe approximately $40 million to creditors, leaving both customers and employees facing significant uncertainty. - read more
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| Crusader Caravans and BIG4 Holiday Parks Join Forces Thu, 11 Dec: In a strategic move to enhance the caravanning experience for Australians, Crusader Caravans has announced a partnership with BIG4 Holiday Parks. This collaboration aims to provide new caravan owners with a suite of exclusive benefits, enriching their travel adventures across the country. - read more
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| MONEYME and Snowy River Caravans Revolutionize Caravan Financing Thu, 11 Dec: In a significant development for the Australian caravan industry, digital lender MONEYME has partnered with Snowy River Caravans to offer direct-to-consumer financing through their secured vehicle loan product, Autopay. This exclusive 12-month deal aims to streamline the purchasing process for caravan enthusiasts by providing instant financing options. - read more
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| ASIC's Findings Highlight Urgent Need for Reform in Car Finance Lending Practices Thu, 11 Dec: The Australian Securities and Investments Commission (ASIC) has recently unveiled findings from its comprehensive review of the motor vehicle finance sector, highlighting concerning trends that are likely to prompt a tightening of lending practices across the industry. - read more
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| Bank Australia's Bold Move: Phasing Out Loans for New Fossil Fuel Cars Thu, 11 Dec: In a significant shift towards environmental sustainability, Bank Australia has ceased offering car loans for new petrol, diesel, and hybrid vehicles as of February 2025. This policy change aligns with the bank's commitment to achieving carbon net-zero targets by 2035 and underscores its dedication to promoting electric vehicle (EV) adoption. - read more
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| ASIC Launches In-Depth Review of Motor Vehicle Finance Practices Thu, 11 Dec: The Australian Securities and Investments Commission (ASIC) has commenced a thorough review of the motor vehicle finance sector, focusing on strengthening consumer protections and ensuring industry compliance with responsible lending obligations. This initiative aims to address potential risks and improve the experiences of borrowers across Australia. - read more
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| RBA Maintains Cash Rate at 3.60%, Hints at Future Increases Thu, 11 Dec: The Reserve Bank of Australia (RBA) has decided to keep the cash rate steady at 3.60% during its final policy meeting of 2025. This decision comes amid rising inflation, which reached 3.8% in October, surpassing the RBA's target range of 2-3%. The central bank has indicated that if inflationary pressures persist, future rate hikes may be necessary. - read more
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| ASIC's Review Highlights Concerns in Car Finance Practices Thu, 11 Dec: The Australian Securities and Investments Commission (ASIC) has conducted a comprehensive review of the motor vehicle finance sector, uncovering significant issues that raise concerns about responsible lending practices. The findings indicate that some consumers are being subjected to exorbitant fees and are defaulting on their loans shortly after approval. - read more
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| Bank Australia Shifts Focus to Electric Vehicle Financing Thu, 11 Dec: In a bold move towards environmental sustainability, Bank Australia has ceased offering loans for new petrol, diesel, and hybrid vehicles as of February 2025. This policy change aligns with the bank's commitment to achieving net-zero carbon emissions by 2035. - read more
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| Commonwealth Bank Penalised for Consumer Data Breach Thu, 11 Dec: The Commonwealth Bank of Australia (CBA) has been fined A$792,000 by the Australian Competition & Consumer Commission (ACCC) for breaching Consumer Data Right (CDR) rules. This penalty, the highest to date for a CDR violation, underscores the importance of compliance with data-sharing regulations in the financial sector. - read more
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| RBA Holds Cash Rate Steady Amid Inflationary Pressures Thu, 11 Dec: The Reserve Bank of Australia (RBA) has decided to keep its cash rate unchanged at 3.60% during its December 9 meeting, with expectations to maintain this level through 2026. This decision reflects the central bank's response to higher-than-expected inflation and a robust economy. - read more
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| October Sees Significant Rise in Australian Household Spending Thu, 11 Dec: In October 2025, Australian household spending experienced a notable increase of 1.3%, reaching A$78.4 billion. This marks the largest monthly rise in nearly two years and has led to heightened expectations of a potential interest rate hike by the Reserve Bank of Australia (RBA). - read more
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| Australia's Housing Market Approaches $12 Trillion Milestone Wed, 10 Dec: Australia's residential property market is on the brink of reaching a historic valuation of $12 trillion, marking a significant milestone in the nation's real estate sector. Recent data from the Australian Bureau of Statistics (ABS) indicates that the total value of Australia's 11.41 million homes increased by 2.7% in the September quarter, adding $317 billion to the market's worth. This surge brings the average price of residential dwellings to $1,045,400, reflecting the robust growth in property values across the country. - read more
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| Australian Property Borrowing Hits Record $98 Billion in Q3 2025 Wed, 10 Dec: In the third quarter of 2025, Australian property buyers borrowed an unprecedented $98 billion, marking a significant surge in housing finance. This substantial increase, primarily driven by investors, has raised concerns among economists about potential regulatory interventions to curb the rapid growth. - read more
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| Adelaide's Housing Market Set to Outperform National Growth in 2026 Wed, 10 Dec: Adelaide's housing market is poised for substantial growth in 2026, with forecasts predicting an increase in property values ranging from 9% to 18%. This anticipated surge positions Adelaide ahead of the national average, reflecting the city's strong market fundamentals and growing appeal among homebuyers and investors. - read more
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| Ian Thorpe Embarks on New Challenge in Sydney-Hobart Yacht Race Wed, 10 Dec: Australian Olympic swimming legend Ian Thorpe is set to make waves in a new arena by joining the crew of the supermaxi yacht LawConnect for the upcoming Sydney-Hobart Yacht Race. This marks a significant transition for Thorpe, who has previously dominated the swimming world with five Olympic gold medals. - read more
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| BIA's 'Discover Boating' Initiative Encourages Australians to Embrace the Water Wed, 10 Dec: The Boating Industry Association Ltd (BIA) has unveiled its annual 'See You Out There' campaign, a key component of the 'Discover Boating' initiative aimed at inviting Australians to experience the joys and benefits of boating. Launching on November 1, this campaign seeks to highlight the freedom, connection, and well-being that come from spending time on the water. - read more
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| Sydney International On-Water Boat Show 2025: A Resounding Success Wed, 10 Dec: The 56th Sydney International On-Water Boat Show has successfully concluded after four dynamic days at Darling Harbour, reaffirming its status as a premier event in Australia's marine industry. Presented by the Boating Industry Association Ltd (BIA) in partnership with Mulpha Events, the show attracted over 20,000 visitors, offering a comprehensive showcase of the boating lifestyle. - read more
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| ASIC's Findings on Motor Vehicle Finance: A Call for Reform Wed, 10 Dec: The Australian Securities and Investments Commission (ASIC) has recently conducted a comprehensive review of the motor vehicle finance sector, uncovering significant issues that have raised concerns about consumer protection and industry practices. - read more
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| KTM's €600 Million Lifeline: A New Chapter for the Austrian Motorcycle Giant Wed, 10 Dec: In a significant development for the motorcycle industry, KTM AG has successfully secured €600 million in funding, enabling the company to fulfill its restructuring plan and stabilize its financial position. - read more
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| MotorCycle Holdings Achieves Significant Growth in New Motorcycle Sales Wed, 10 Dec: MotorCycle Holdings Limited, a prominent player in the Australian motorcycle retail and wholesale sector, has announced a record-breaking sales revenue of $650 million for the fiscal year 2025. This figure represents an 11.6% increase compared to the previous year, underscoring the company's robust growth trajectory in a competitive market. - read more
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| Rising Mental Health Claims Reshape Australia's Insurance Landscape Wed, 10 Dec: The Australian insurance industry is witnessing a significant shift as mental health conditions have become the leading cause of total and permanent disability (TPD) claims. Recent data from the Council of Australian Life Insurers (CALI) indicates that mental health issues now account for nearly one-third of all TPD claims, marking a substantial change in the industry's claim patterns. - read more
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| Australian General Insurers Achieve $6 Billion Profit Amid Fewer Natural Disasters Wed, 10 Dec: In a remarkable turnaround, Australian general insurers have reported a combined profit of $6.1 billion over the past year. This substantial increase is attributed to a period of relative calm in natural catastrophes and robust investment returns. - read more
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| Australian Life Insurers Under Review for Mental Health Exclusion Practices Wed, 10 Dec: Recent findings have revealed that certain Australian life insurers continue to implement blanket exclusions for mental health conditions, a practice that contravenes the industry's code of practice. This has raised significant concerns about the fairness and legality of such exclusions. - read more
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| Marinex Underwriting Sets Sail in Australian Marine Insurance Market Wed, 10 Dec: In a significant development for Australia's marine insurance sector, Rhodian Group has announced the launch of Marinex Underwriting, a specialised agency dedicated to addressing the complex insurance needs of the marine industry. This initiative marks Rhodian's third agency launch, following the establishment of Halo Underwriting and Batch Underwriting in previous years. - read more
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| Markel Insurance Strengthens Australian Presence with New Marine Leadership Wed, 10 Dec: Markel Insurance has announced the appointment of Tim Wills as Head of Marine for Australia, signalling the company's strategic expansion into the Australian marine insurance market. Based in Sydney, Wills will spearhead the launch of Markel's marine products in the region, beginning with marine cargo insurance. - read more
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| GT Insurance Provides Flexible Solutions Amid Global Trade Shifts Wed, 10 Dec: As global trade dynamics undergo significant shifts, GT Insurance is reaffirming its commitment to supporting marine clients navigating these challenges. The recent imposition of US tariffs—25% on Australian steel and aluminium, and 10% on other exported goods—has introduced new uncertainties for local exporters, particularly in sectors like beef and bulk freight. These tariffs, effective from April 5, 2025, have prompted concerns about declining export volumes and reduced freight margins. - read more
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| QBE Insurance Faces Market Challenges as Premium Growth Slows Wed, 10 Dec: QBE Insurance Group, Australia's largest insurer by market value, recently experienced a significant decline in its share price, reaching a seven-month low. This downturn is primarily attributed to a noticeable slowdown in the company's premium rate growth during the third quarter of the 2025 fiscal year. - read more
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| Surge in Profits for Australian Insurers Amid Rising Premiums Wed, 10 Dec: In 2024, Australia's insurance industry reported a collective after-tax profit of $6.1 billion, a significant increase from the five-year average of $2 billion. This surge is attributed to substantial premium hikes and a relatively quiet year for natural disasters. - read more
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| Navigating the Rising Insurance Risk Landscape for Australian Businesses Wed, 10 Dec: Australian businesses are currently facing heightened insurance risk pressures stemming from various factors, including increased litigation, technological advancements, supply chain disruptions, catastrophic events, and geopolitical tensions. Understanding these elements is crucial for businesses preparing for insurance renewals and risk management strategies. - read more
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| RBA Holds Cash Rate at 3.60%, Forecasts Extended Stability Wed, 10 Dec: The Reserve Bank of Australia (RBA) has announced its decision to maintain the official cash rate at 3.60% during its December meeting, signaling a potential extended hold through 2026. This move comes in response to higher-than-expected inflation rates and a robust economic performance. - read more
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| ANZ CEO Nuno Matos Takes Helm at Australian Banking Association Wed, 10 Dec: The Australian Banking Association (ABA) has appointed Nuno Matos, CEO of ANZ Group, as the new chair of its council, succeeding National Australia Bank's Andrew Irvine. This leadership change marks a significant moment for the ABA, which plays a pivotal role in shaping industry policies and consumer protections within Australia's banking sector. - read more
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| IAG Highlights Climate Change's Impact on Rising Home Insurance Costs Wed, 10 Dec: Insurance Australia Group (IAG) has issued a warning to Australian homeowners about the escalating impact of climate change on home insurance premiums. The insurer attributes the rising costs to the increasing frequency and severity of weather events, such as storms and hailstorms, particularly affecting densely populated regions in southern Australia. - read more
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| Australia’s Rental Surge Forces Shift to Share Housing Tue, 09 Dec: Australia's rental market has experienced a dramatic surge over the past five years, leading to significant changes in the housing arrangements of many Australians. According to Cotality, rental prices across the nation have escalated by an astonishing 43.8% since 2021. This hike means that the average Australian household renting a median-priced home now incurs an additional $10,600 annually compared to five years ago. - read more
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| Common Retirement Planning Pitfalls for Australians Tue, 09 Dec: Many Australians approaching retirement are inadvertently making significant planning errors that could cost them valuable time and financial resources, according to a finance expert. These oversights, while not directly tied to regulatory issues with the Australian Taxation Office or superannuation law violations, can lead to depleted retirement savings, forcing individuals to work longer or miss out on beneficial financial opportunities. - read more
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| Economic Downturns and Tech Challenges Top Concerns for Australian Executives Tue, 09 Dec: Australian business leaders are increasingly worried about the potential for an economic downturn, which they have identified as the most significant threat facing the country in the next couple of years. This insight comes from a wide-reaching survey conducted by the World Economic Forum, highlighting key concerns in the business sector. - read more
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| Call for Enhanced Support for Indigenous Insurance Customers Tue, 09 Dec: The Life Code Compliance Committee has identified significant gaps in support for Indigenous customers within the insurance sector, following an audit of three major insurers representing two-thirds of the market. The analysis reveals that these insurers lack adequate procedures for safe self-identification, a critical step towards ensuring cultural inclusivity and accessibility. - read more
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| Australian Insurtech Startups: Pioneering the Future of Insurance Tue, 09 Dec: The Australian insurtech sector is experiencing significant growth, with startups introducing innovative solutions that enhance efficiency, security, and customer engagement within the insurance industry. A recent report titled 'Insurtech Down Under: Trends, Tech and Triumphs' highlights the pivotal role these companies play in reshaping the market. - read more
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| Australian Insurers Address Surge in Mental Health Claims Tue, 09 Dec: The Australian insurance industry is facing unprecedented challenges due to a significant rise in mental health-related claims. The Council of Australian Life Insurers reports that mental health has become the leading cause of total and permanent disability claims, accounting for nearly one in three payouts. - read more
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| Calls for Overhaul in Australian Insurance Claims Handling Processes Tue, 09 Dec: Australian consumer advocacy groups are intensifying their calls for substantial reforms in the insurance industry's claims handling processes. The Australian Consumers Insurance Lobby (ACIL) has criticised the current system, highlighting ongoing issues that compromise consumer outcomes. - read more
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| ANZ's Nuno Matos Takes Helm at Australian Banking Association Mon, 08 Dec: In a significant leadership transition within Australia's banking sector, Nuno Matos, Chief Executive Officer of ANZ Group, has been appointed as the new chair of the Australian Banking Association (ABA) council. This appointment marks a pivotal moment for the ABA, an organisation that plays a central role in shaping industry policies, consumer protections, and regulatory frameworks across the nation's banking landscape. - read more
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| LMG's Asset Finance Exchange Hits $80 Million Milestone Mon, 08 Dec: Loan Market Group's Asset Finance Exchange (AFX) has reported a remarkable achievement, settling approximately $80 million in its inaugural year. This milestone underscores the burgeoning growth of Australia's asset finance sector and highlights the platform's effectiveness in connecting brokers with asset finance specialists. - read more
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| Valiant Finance Sees 20% Growth in Commercial Finance Settlements Mon, 08 Dec: Valiant Finance has reported a significant 20% increase in commercial finance settlements during the second quarter of 2025, highlighting a robust expansion in Australia's small and medium-sized enterprise (SME) lending landscape. This growth is predominantly driven by heightened activity in the healthcare, agriculture, and construction sectors, reflecting improved lender confidence and a resurgence in business investment across the nation. - read more
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| MotorCycle Holdings Reports Record-Breaking $650 Million Revenue in FY2025 Mon, 08 Dec: MotorCycle Holdings Limited (ASX: MTO), Australia's largest motorcycle retailer, has announced a record-breaking revenue of $650 million for the financial year 2025, representing an 11.6% increase from the previous year. This remarkable growth underscores the company's strategic initiatives and resilience in a challenging market. - read more
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| NSW Government Implements Comprehensive Motorcycle Safety Reforms Mon, 08 Dec: The Minns Labor Government has unveiled the most significant motorcycle safety reforms in nearly two decades, introducing targeted measures to protect novice riders and enhance overall road safety in New South Wales. - read more
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| 2025 Australian Motorcycle Grand Prix Drives Economic Growth in Phillip Island Mon, 08 Dec: The 2025 Australian Motorcycle Grand Prix, held from 17–19 October at the Phillip Island Grand Prix Circuit, attracted approximately 91,245 visitors, marking the highest attendance since 2012. This surge in spectators provided a substantial economic boost to the Phillip Island region, benefiting local businesses such as hotels, restaurants, and retail outlets. - read more
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| Understanding APRA's New Cap on High Debt-to-Income Home Loans Mon, 08 Dec: The Australian Prudential Regulation Authority (APRA) has announced a significant policy change aimed at curbing high-risk lending practices within the housing market. Effective from 1 February 2026, APRA will implement a cap limiting banks to issuing no more than 20% of new home loans with debt-to-income (DTI) ratios of six times or higher. This measure applies to both owner-occupier and investor loans, excluding new housing developments. - read more
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| The Rise of Non-Bank Lending Among Australian SMEs Mon, 08 Dec: Recent trends indicate a significant shift in the financing preferences of Australian small and medium-sized enterprises (SMEs). A growing number of these businesses are turning to non-bank lenders to meet their funding needs, driven by the desire for more flexible and accessible financing solutions. - read more
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| The Growing Preference for Buy Now Pay Later Services in Australia Mon, 08 Dec: In recent years, Australia has witnessed a significant transformation in consumer financing preferences, with Buy Now Pay Later (BNPL) services emerging as a favoured alternative to traditional credit options such as credit cards and personal loans. - read more
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| WFI Insurance Rewards Sustainable Farming with Premium Discounts Mon, 08 Dec: In a significant move towards promoting sustainable agriculture, WFI Insurance has announced a new initiative offering premium discounts to farmers who obtain AgCarE certification. This program, developed by AgForce, aims to recognise and reward farmers implementing eco-friendly practices on their properties. - read more
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| IAG and Ag Guard Forge Partnership to Elevate Crop Insurance for Australian Farmers Mon, 08 Dec: In a significant development for Australia's agricultural sector, Insurance Australia Group (IAG) has announced a strategic partnership with Ag Guard, a specialist rural underwriting agency. This collaboration will see Ag Guard managing the underwriting for IAG-owned CGU and WFI's crop insurance portfolios starting June next year. - read more
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| AFCA Mandates Higher Payout for Farmers in Flood Damage Dispute Mon, 08 Dec: The Australian Financial Complaints Authority (AFCA) has recently ruled in favour of a farming group, mandating that insurer Achmea increase its payout for flood damage claims. This decision underscores the critical importance of thorough and expert assessments in the insurance claims process. - read more
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| RBA Holds Cash Rate Steady Amid Inflationary Pressures Mon, 08 Dec: The Reserve Bank of Australia (RBA) is anticipated to maintain its cash rate at 3.60% during the upcoming December 9 meeting, with projections indicating this rate will persist through 2026. This outlook marks a shift from earlier expectations of potential rate cuts in 2026, influenced by higher-than-expected inflation and a robust economic environment. - read more
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| APRA Implements New Cap on High DTI Home Loans Mon, 08 Dec: In response to escalating property prices and accelerated credit growth, the Australian Prudential Regulation Authority (APRA) has announced a new regulatory measure to cap high debt-to-income (DTI) home loans. Effective February 2026, banks and authorized institutions will be restricted to issuing no more than 20% of new home loans with DTI ratios of six times or higher. - read more
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| ASIC Highlights Concerns in Rapidly Growing Private Lending Sector Mon, 08 Dec: The Australian Securities and Investments Commission (ASIC) has conducted a comprehensive review of the private lending sector, revealing significant inconsistencies and deficiencies. This scrutiny comes in response to the sector's rapid growth, with private credit extending approximately $200 billion in loans, primarily to higher-risk real estate players and property developers. - read more
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| APRA Implements Cap on High DTI Home Loans to Address Housing Market Concerns Mon, 08 Dec: The Australian Prudential Regulation Authority (APRA) has announced a significant policy change aimed at mitigating risks in the housing market. Effective February 2026, APRA will impose a cap on high debt-to-income (DTI) home loans, limiting such loans to 20% of new home lending portfolios. This measure is designed to address concerns over escalating property prices and the potential for financial instability. - read more
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| Commonwealth Bank Raises Alarm Over Surging Home Loan Demand Mon, 08 Dec: The Commonwealth Bank of Australia (CBA), the nation's largest lender, has voiced concerns over the current surge in home loan demand, suggesting it may be contributing to escalating property prices and potential financial instability. CEO Matt Comyn emphasized that while the bank benefits from increased housing credit, a more moderate growth rate would better support long-term financial stability and housing market accessibility. - read more
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| Major Australian Banks Reduce Dependence on Mortgage Brokers Mon, 08 Dec: Australia's 'Big Four' banks—Commonwealth Bank of Australia (CBA), National Australia Bank (NAB), Westpac, and ANZ—are strategically reducing their reliance on mortgage brokers in response to squeezed profit margins resulting from lower interest rates, rising operational costs, and intense market competition. Currently, mortgage brokers account for approximately 80% of new home loans in Australia, a significant increase from 50% six years ago. However, banks are now focusing on more profitable, in-house mortgage origination channels. - read more
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| RBA Holds Cash Rate at 3.60%, Forecasts Extended Stability Mon, 08 Dec: The Reserve Bank of Australia (RBA) has announced its decision to maintain the official cash rate at 3.60% during its December meeting, signaling a potential extended period of stability through 2026. This move reflects the central bank's response to higher-than-expected inflation and a robust economic environment. - read more
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| October Sees Significant Rise in Australian Household Spending Mon, 08 Dec: In October 2025, Australian household spending experienced a notable increase of 1.3%, reaching A$78.4 billion. This marks the most substantial monthly rise in nearly two years, driven primarily by year-end sales events and heightened consumer confidence. - read more
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| Australia's Economy Achieves 2.1% Annual Growth in Q3 2025 Mon, 08 Dec: Australia's economy has demonstrated remarkable resilience, recording a 2.1% year-on-year growth in the third quarter of 2025. This marks the fastest annual expansion in two years, driven by robust business investments and consumer spending. - read more
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| KTM AG Secures €600 Million to Fulfil Debt Obligations Mon, 08 Dec: KTM AG, the renowned Austrian motorcycle manufacturer, has successfully secured €600 million in funding to address its debt obligations, marking a significant milestone in its ongoing financial restructuring. This development comes after a period of financial turbulence that led the company into self-administration and a comprehensive restructuring process. - read more
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| Australian Motorcycle Sales Steady in First Half of 2025 Mon, 08 Dec: The Australian motorcycle market demonstrated stability in the first half of 2025, with a total of 42,549 units sold between January and June, mirroring the figures from the same period in 2024. This steadiness reflects the market's resilience amid ongoing economic challenges. - read more
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| 2025 Australian Motorcycle Grand Prix Draws Record Crowds to Phillip Island Mon, 08 Dec: The 2025 Australian Motorcycle Grand Prix, held at the iconic Phillip Island Grand Prix Circuit, attracted approximately 91,245 visitors over its three-day duration, marking the highest attendance since 2012. This surge in spectators not only highlights the event's growing popularity but also provides a substantial economic boost to the local community. - read more
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| ASIC Initiates Legal Proceedings Against QBE for Misleading Discount Practices Mon, 08 Dec: The Australian Securities and Investments Commission (ASIC) has commenced legal action against QBE Insurance (Australia), alleging that the insurer misled more than 500,000 customers regarding promised discounts on various insurance products over a five-year period from July 2017 to September 2022. - read more
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| Escalating Collision Risks Challenge Australian Fleet Operators Mon, 08 Dec: Australia's transport and haulage sector is currently navigating a period of heightened operational risk, marked by an uptick in both the frequency and severity of motor collision claims. This trend underscores the pressing need for fleet operators to adopt proactive risk management strategies and leverage advanced insurance solutions to safeguard their operations. - read more
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| Understanding the Impact of Inattention and Speed on Australian Truck Crashes Mon, 08 Dec: The National Truck Accident Research Centre (NTARC) has released its 2025 Major Incident Investigation Report, shedding light on the primary human factors contributing to significant truck crashes across Australia. The findings emphasise the critical roles of inattention, distraction, and inappropriate speed in these incidents, underscoring the necessity for targeted safety interventions within the transport industry. - read more
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| IAG Highlights Climate Change's Role in Rising Home Insurance Costs Mon, 08 Dec: Insurance Australia Group (IAG), a leading insurer in the Australian market, has recently raised concerns about the escalating impact of climate change on home insurance premiums. The company warns that Australians should anticipate rising costs, attributing this trend to the increasing frequency and severity of weather events driven by climate change. - read more
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| Australian Insurers Falling Behind Global Peers in Risk Preparedness Mon, 08 Dec: The Australian insurance industry is facing mounting challenges as it falls behind international counterparts in preparedness levels, according to the latest PwC Insurance Banana Skins Survey. The findings come at a time when Australian insurers are grappling with multiple simultaneous threats ranging from digital security concerns to regulatory pressures and affordability challenges. - read more
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| QBE Insurance Faces Market Challenges as Premium Growth Slows Mon, 08 Dec: QBE Insurance Group, Australia's largest insurer by market value, has recently experienced a notable decline in its share price, reaching a seven-month low. This downturn is primarily attributed to a slowdown in the company's premium rate growth during the third quarter of fiscal 2025. - read more
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| CBA Highlights Pivotal Moment for Australian Economy Mon, 08 Dec: Commonwealth Bank (CBA) economists have recently highlighted that Australia's economy is approaching a critical juncture as it heads into 2026. Their latest report outlines various domestic and international scenarios that could significantly alter the nation's economic trajectory. - read more
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| Australia's GDP Growth Surpasses Expectations in June Quarter Mon, 08 Dec: The Australian Bureau of Statistics (ABS) has reported a 0.6% increase in the nation's Gross Domestic Product (GDP) for the June quarter, marking a 1.8% rise compared to the same period last year. This growth exceeded many economists' expectations and highlights the resilience of the Australian economy amidst global uncertainties. - read more
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| Deloitte Reports Decline in Business Investment Amid Economic Uncertainty Mon, 08 Dec: According to Deloitte Access Economics' latest Investment Monitor report, the outlook for business investment in Australia has deteriorated over the past year. The economic slowdown has adversely affected business revenues, particularly in sectors reliant on discretionary consumer spending, such as hospitality and retail. - read more
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| Insuregroup's Remarkable Growth Reflects Surge in Truck Insurance Demand Sun, 07 Dec: Insuregroup, a specialist insurance brokerage serving Australia's transport and logistics sector, has recently announced a significant milestone: processing over 10,000 insurance policies since its inception, with a 25% increase in policy volume over the past year. This growth underscores the escalating demand for comprehensive truck insurance solutions tailored to the unique needs of Australian freight operators. - read more
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| Envest Group Unveils TLI Underwriting: A New Era for Heavy Motor Fleet Insurance Sun, 07 Dec: Envest Group, a prominent player in Australia's insurance sector, has announced the launch of TLI Underwriting, a new agency dedicated to providing specialized insurance solutions for heavy motor fleet operators. This strategic move aims to address the unique challenges faced by larger transport businesses in Australia. - read more
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| ASIC Initiates Legal Proceedings Against QBE for Alleged Misleading Discount Practices Sun, 07 Dec: The Australian Securities and Investments Commission (ASIC) has commenced legal action against QBE Insurance, alleging that the insurer misled more than 500,000 customers regarding premium discounts over a five-year period. This development has significant implications for the Australian insurance industry, particularly for policyholders seeking transparency and fairness in premium calculations. - read more
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| Declining Construction Insurance Premiums: A Boon for Australian Tradies Sun, 07 Dec: In 2025, Australia's construction insurance market has experienced a significant shift, with premiums decreasing across various lines due to intensified competition among insurers. This trend is particularly beneficial for tradespeople, commonly known as 'tradies,' who are witnessing more affordable coverage options. - read more
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| Upcoming Insurance Mandate: NSW Builders Must Act Before 2026 Deadline Sun, 07 Dec: In a significant regulatory development, registered building practitioners in New South Wales (NSW) are now required to secure professional indemnity (PI) insurance by July 1, 2026. This mandate, stemming from the Design and Building Practitioners Act 2021, underscores the importance of comprehensive risk management for tradies operating within the state. - read more
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| Rising Claims Costs and Labour Shortages: Challenges for Australian Insurers Sun, 07 Dec: Australian insurers are currently navigating a complex landscape marked by escalating claims costs, primarily driven by labour shortages and supply chain disruptions within the construction sector. These challenges have significant implications for tradies and the broader insurance industry. - read more
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| Isuzu Australia Unveils Dedicated Financial Services for Truck Buyers Sun, 07 Dec: In a strategic move to bolster its customer support offerings, Isuzu Australia Limited (IAL) has announced the establishment of Isuzu Financial Services Australia (IFSA). This initiative marks the first time the Isuzu Group has founded a leasing company outside Japan, reflecting a significant commitment to the Australian market. - read more
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| Australian Truck Market Experiences Sales Dip as Supply Chains Stabilise Sun, 07 Dec: The Australian truck and van market experienced a notable slowdown in September 2025, with new sales figures indicating a 14.7% decrease compared to the same month in 2024. According to the latest data from the Truck Industry Council (TIC), 3,878 new trucks and vans were sold in September, extending the softer trend observed throughout the year. - read more
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| New Government Initiative Offers Affordable Loans for Electric Vehicle Purchases Sun, 07 Dec: In a significant move to promote the adoption of electric vehicles (EVs) among small and medium-sized enterprises (SMEs), the Australian government has announced a $50 million partnership with Metro Finance. This initiative aims to provide low-interest loans to businesses for the purchase of electric cars, trucks, utes, and forklifts, thereby reducing energy bills and emissions. - read more
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| Rising Professional Indemnity Insurance Costs Impact Australian Businesses Sun, 07 Dec: The Australian Prudential Regulation Authority (APRA) has released its latest National Claims and Policies Database (NCPD) statistics, highlighting a significant increase in professional indemnity (PI) insurance premiums. Since 2015, these premiums have risen by 27%, posing financial challenges for businesses across the nation. - read more
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| Australia's Construction Boom Fuels Demand for Professional Indemnity Specialists Sun, 07 Dec: Australia's construction industry is experiencing unprecedented growth, leading to a heightened demand for professional indemnity (PI) insurance specialists. This surge is driven by a combination of large-scale infrastructure projects, evolving contractual complexities, and new regulatory requirements. - read more
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| Evolving Trends in Professional Indemnity Insurance: Opportunities and Challenges Sun, 07 Dec: The professional indemnity (PI) insurance market is undergoing notable shifts, presenting both opportunities and challenges for various sectors. Recent trends indicate a softening market, with premium reductions of approximately 5–10% available for low-risk profiles, particularly within financial services. This development offers financial relief for businesses with strong compliance records and minimal claims histories. - read more
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| Reserve Bank of Australia Likely to Maintain Cash Rate Stability Sun, 07 Dec: The Reserve Bank of Australia (RBA) is expected to keep its cash rate unchanged at 3.60% during its upcoming meeting on December 9, 2025. This decision aligns with a consensus among economists, reflecting a shift in expectations towards a prolonged period of rate stability extending through 2026. - read more
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| Australian Securities Exchange Faces Scrutiny After Recent Outage Sun, 07 Dec: The Australian Securities Exchange (ASX) recently experienced a significant outage, leading to trading halts for approximately 80 companies. This disruption has intensified investor concerns regarding the ASX's ongoing technology overhaul and its ability to maintain operational resilience. - read more
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| Netstrata's Undisclosed Commissions and Conflicts of Interest Revealed Sat, 06 Dec: In February 2025, an independent review conducted by McGrathNicol uncovered significant issues within Netstrata, a prominent strata management company. The investigation revealed that Netstrata failed to disclose commissions and did not obtain multiple quotes for services, potentially breaching legal obligations. Additionally, the review identified undisclosed personal relationships between Netstrata employees and suppliers, raising serious concerns about conflicts of interest. - read more
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| NSW Fair Trading Revokes Strata Licences Due to Insurance Failures and Misconduct Sat, 06 Dec: In May 2025, NSW Fair Trading took decisive action against Result Strata Management Pty Ltd and its General Manager, Michael Lee, by permanently revoking their licences to operate in the state's strata management sector. This move followed an investigation that uncovered multiple breaches of the Property and Stock Agents Act 2002, highlighting significant misconduct within the company. - read more
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| CHU's 2025 Strata Market Report: Stability Amidst Climate and Regulatory Challenges Sat, 06 Dec: In November 2025, CHU, Australia's largest strata insurance underwriting agency, released its 2025 State of the Strata Market report, providing a comprehensive analysis of the current trends and challenges within the strata industry. The report offers valuable insights into premium trends, climate-related risks, regulatory developments, and emerging sector challenges. - read more
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| Rising Insurance Costs Amidst Climate Change: What Homeowners Need to Know Sat, 06 Dec: Australian homeowners are experiencing significant increases in home insurance premiums, largely due to the escalating risks associated with climate change. Recent analyses reveal a national average premium hike of 14%, translating to an additional $343 annually for policyholders. This trend underscores the growing financial burden on homeowners as extreme weather events become more frequent and severe. - read more
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| Competitive Market Dynamics Drive Down Construction Insurance Costs Sat, 06 Dec: The Australian construction insurance market has entered a notably softer phase in 2025, characterized by a significant reduction in premiums across various lines. This shift is primarily attributed to increased competition among insurers, offering clients more options and driving down costs. - read more
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| Why Perth Hospitality Businesses Should Reassess Their Insurance Coverage Sat, 06 Dec: Perth's hospitality industry is currently navigating a challenging landscape marked by escalating operational costs and evolving risks. In response, industry experts are advocating for a thorough reassessment of insurance policies to ensure businesses are adequately protected. - read more
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| Fine Food Australia and R&CA Announce Strategic Partnership to Strengthen Hospitality Sector Sat, 06 Dec: In a significant move to support Australia's hospitality industry, Fine Food Australia has announced a partnership with the Restaurant & Catering Industry Association of Australia (R&CA). This collaboration aims to provide a unified platform for industry professionals to network, share insights, and advocate for the sector's interests. - read more
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| Rising Risks Lead to Soaring Insurance Premiums for Hospitality Venues Sat, 06 Dec: Australian hospitality venues, particularly those offering live entertainment and serving alcohol, are experiencing a significant surge in insurance premiums. This trend is attributed to the heightened risks associated with alcohol consumption and entertainment activities, leading to increased incidents and claims. - read more
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| Australia's Marine Industry Surges to $229 Billion Economic Output Fri, 05 Dec: Australia's marine industry has demonstrated remarkable resilience and growth, achieving an economic output of $229 billion in 2023. This represents a 19% increase compared to two years prior, as reported by the Australian Institute of Marine Science (AIMS). The sector now supports 712,000 full-time equivalent jobs, marking a 52% rise in employment. - read more
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| Australia and Vanuatu Strengthen Ties with $325 Million Nakamal Agreement Fri, 05 Dec: In a significant move to bolster regional partnerships, Australia and Vanuatu have signed the Nakamal Agreement, a $325 million bilateral treaty aimed at enhancing economic, security, and cultural cooperation. Named after Vanuatu's traditional communal meeting place, the 'nakamal,' this agreement underscores the deepening ties between the two nations. - read more
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| Austal Limited Boosts U.S. Shipbuilding with $100 Million EFA Loan Fri, 05 Dec: Austal Limited, a prominent Australian shipbuilder, has secured a $100 million loan from Export Finance Australia (EFA) to enhance its shipbuilding operations in Mobile, Alabama. This strategic funding is earmarked for the development of the Final Assembly 2 (FA2) project, a significant initiative aimed at increasing Austal's capacity to construct vessels for the U.S. Navy and Coast Guard. - read more
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| RBA's Interest Rate Reduction: A Boon for Australian SMEs Fri, 05 Dec: The Reserve Bank of Australia's (RBA) recent decision to reduce the official cash rate by 25 basis points to 3.60% presents a significant opportunity for small and medium-sized enterprises (SMEs) across the nation. This adjustment, aimed at addressing moderating inflation and a tight labour market, is set to lower borrowing costs, thereby facilitating business growth and expansion. - read more
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| Australian SMEs Embrace Non-Bank Lenders for Flexible Financing Fri, 05 Dec: In a significant shift within Australia's financial landscape, small and medium-sized enterprises (SMEs) are increasingly opting for non-bank lenders to meet their financing needs. Recent data indicates that demand for non-bank lending among SMEs has reached 55% in 2025, marking a substantial increase from previous years. - read more
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| Australian SMEs Benefit from Confirmed $20,000 Instant Asset Write-Off Fri, 05 Dec: Australian small and medium-sized enterprises (SMEs) have received positive news with the confirmation of the $20,000 Instant Asset Write-Off for the 2025-26 financial year. This measure allows eligible businesses to claim immediate tax deductions on asset purchases up to $20,000, providing a significant incentive for investment in business growth. - read more
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| Queensland Strata Owners: Act Now to Lower Your Insurance Premiums Fri, 05 Dec: Strata property owners in North and Central Queensland are being urged to take advantage of new federal and state initiatives designed to reduce insurance premiums and enhance cyclone resilience. These programs provide financial incentives for property upgrades that can lead to significant savings on insurance costs. - read more
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| Strata Living in Australia: A $1.4 Trillion Market and Growing Fri, 05 Dec: The insured value of strata properties in Australia has reached an estimated $1.4 trillion, underscoring the growing significance of strata living in the nation's housing landscape. This substantial valuation reflects the increasing number of Australians choosing strata-titled properties as their preferred mode of residence. - read more
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| CHU's 2025 Report: Strata Insurance Premiums Remain Stable Amidst Industry Shifts Fri, 05 Dec: CHU, Australia's largest strata insurance underwriting agency, has released its 2025 State of the Strata Market report, providing a comprehensive analysis of the current state of the industry. The report offers valuable insights into premium movements, the impact of weather events, regulatory developments, and emerging risks affecting strata insurance. - read more
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| ANZ's Nuno Matos Takes Helm at Australian Banking Association Thu, 04 Dec: In a significant development for Australia's banking sector, Nuno Matos, Chief Executive Officer of ANZ Group, has been appointed as the new chair of the Australian Banking Association (ABA) council. This appointment marks a pivotal moment for the industry, as Matos brings a wealth of experience and a fresh perspective to the role. - read more
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| APRA Implements Cap on High Debt-to-Income Home Loans Thu, 04 Dec: In a proactive move to address potential risks in the housing market, the Australian Prudential Regulation Authority (APRA) has announced the implementation of a cap on high debt-to-income (DTI) home loans, effective from February 2026. This measure is designed to curb the issuance of loans that could pose systemic risks to the financial system. - read more
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| Australian Home Prices Expected to Climb by 7% in 2026 Thu, 04 Dec: Recent analyses indicate that Australian home prices are set to rise by approximately 6.9% in 2026, marking a significant upward revision from previous forecasts. This anticipated growth is attributed to constrained housing supply and a resurgence in buyer demand, following interest rate cuts by the Reserve Bank of Australia (RBA) in 2025. - read more
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| ASIC's Investigation Highlights Issues in Car Finance Sector Thu, 04 Dec: The Australian Securities and Investments Commission (ASIC) has recently conducted a comprehensive review of the nation's motor vehicle finance sector, uncovering significant issues that raise concerns about consumer protection and lending practices. - read more
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| Mid-Year Insights Show Used Car Supply Surging Thu, 04 Dec: The Australian used car market is experiencing a significant shift, with a notable increase in vehicle listings contributing to a more balanced and stable marketplace. According to the Mid-2025 Automotive Insights Report (AIR) released by the Australian Automotive Dealer Association (AADA) in collaboration with AutoGrab, the first half of 2025 saw 1,589,491 used vehicles listed for sale. This figure represents an over 30% increase compared to the same period in 2024, indicating a substantial surge in supply. - read more
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| Australia to Cap High Debt-to-Income Home Loans from February to Curb Housing Risks Thu, 04 Dec: In a proactive move to address escalating risks in the housing market, the Australian Prudential Regulation Authority (APRA) has announced the implementation of a cap on high debt-to-income (DTI) home loans. Effective from February 2026, this measure is designed to mitigate potential financial vulnerabilities arising from surging property prices and accelerated credit growth. - read more
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| APRA's New Cap on High Debt-to-Income Home Loans: What Borrowers Need to Know Wed, 03 Dec: The Australian Prudential Regulation Authority (APRA) has announced a significant policy change aimed at curbing potential risks in the housing market. Effective February 2026, APRA will implement a cap on high debt-to-income (DTI) home loans, limiting such loans to 20% of new home lending portfolios. This move is designed to address concerns over escalating property prices and accelerated credit growth. - read more
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| Commonwealth Bank's Q1 Profit Growth: Balancing Volume and Margin Challenges Wed, 03 Dec: The Commonwealth Bank of Australia (CBA), the nation's largest lender by market value, has reported a modest increase in its first-quarter cash profit, reaching approximately A$2.6 billion—a 2% rise from the previous year. This growth is primarily attributed to strong performances in home loans and household deposits, which saw increases of A$9.3 billion and A$17.8 billion, respectively. - read more
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| Australians Tighten Budgets to Enhance Home Loan Eligibility Wed, 03 Dec: In response to stringent lending criteria, a significant number of Australians are actively reducing their spending and personal debt to improve their chances of securing or refinancing home loans. A recent survey conducted by Finder, involving over 1,000 participants, revealed that 18%—approximately 3.9 million people—have taken such measures over the past five years to meet lender requirements. - read more
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| Zone RV's Financial Struggles Lead to Voluntary Administration Wed, 03 Dec: In a significant development within the Australian caravan industry, luxury off-road caravan manufacturer Zone RV has entered voluntary administration. This move has left numerous staff members and customers facing uncertainty regarding their future engagements with the company. - read more
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| Dreamhaven: Crusader Caravans' New Affordable Range Hits the Market Wed, 03 Dec: Crusader Caravans has unveiled its latest venture, Dreamhaven, a new brand designed to offer Australians high-quality, locally manufactured caravans at an accessible price point. This initiative aims to bridge the gap between premium features and affordability, catering to a broader audience of caravan enthusiasts. - read more
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| Join the 18th National Muster in Charleville with the Australian Caravan Club Wed, 03 Dec: The Australian Caravan Club (ACC) has officially announced that its 18th National Muster will take place in the charming town of Charleville, Queensland. Scheduled from October 12 to 19, 2025, this event is set to bring together caravan enthusiasts from across the country for a week of camaraderie, activities, and exploration. - read more
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| APRA's New Cap on High Debt-to-Income Home Loans: What Borrowers Need to Know Wed, 03 Dec: The Australian Prudential Regulation Authority (APRA) has announced a significant policy change aimed at curbing potential risks in the housing market. Effective February 2026, APRA will implement a cap limiting the proportion of new home loans with high debt-to-income (DTI) ratios. This move is designed to promote responsible lending practices and ensure the stability of the financial system. - read more
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| ASIC's Findings Highlight Urgent Need for Reform in Car Finance Lending Practices Wed, 03 Dec: The Australian Securities and Investments Commission (ASIC) has released preliminary insights from its comprehensive review of the motor vehicle finance sector, uncovering concerning trends that necessitate immediate attention from both lenders and consumers. - read more
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| AADA's Latest Report Signals Cooling Trends in Australia's Used Car Market Wed, 03 Dec: The Australian Automotive Dealer Association (AADA), in collaboration with AutoGrab, has released the 2024 Year That Was Automotive Insights Report (AIR), providing a comprehensive analysis of the used car market's performance and offering projections for the year ahead. - read more
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| ASIC's Review Highlights Concerns in Car Finance Practices Wed, 03 Dec: The Australian Securities and Investments Commission (ASIC) has recently conducted a comprehensive review of the nation's motor vehicle finance sector, uncovering significant issues that raise concerns about responsible lending practices. The findings indicate that some consumers are being subjected to exorbitant fees and are defaulting on their loans shortly after approval. - read more
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| Cooling Trends Emerge in Australia's Used Car Market Wed, 03 Dec: The Australian used car market, which experienced significant growth throughout most of 2024, has shown signs of deceleration in the final months of the year. This trend suggests a more cautious outlook for 2025, influenced by various economic factors and shifting consumer behaviors. - read more
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| ASIC Calls for Strengthened Consumer Protections in Car Finance Wed, 03 Dec: The Australian Securities and Investments Commission (ASIC) has intensified its scrutiny of the motor vehicle finance sector, urging lenders to bolster consumer protections and enhance oversight mechanisms. This move comes in response to a notable increase in complaints regarding car finance arrangements and concerns about the adequacy of current lending practices. - read more
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| Proxy Advisers Recommend Against Re-election of Westpac Director Peter Nash Wed, 03 Dec: In the lead-up to Westpac's annual general meeting on December 11, 2025, two prominent proxy advisory firms have advised shareholders to vote against the re-election of director Peter Nash. This recommendation stems from concerns regarding Nash's previous role on the board of the Australian Securities Exchange (ASX) and potential conflicts of interest arising from his tenure at KPMG. - read more
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| APRA Introduces Cap on High Debt-to-Income Home Loans Effective February 2026 Wed, 03 Dec: The Australian Prudential Regulation Authority (APRA) has announced a significant policy change set to take effect in February 2026, introducing a cap on high debt-to-income (DTI) home loans.This proactive measure aims to address emerging risks in the housing market, characterised by surging property prices and accelerated credit growth. - read more
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| ASX Announcement Platform Outage Leads to Trading Halts for Multiple Companies Wed, 03 Dec: On December 1, 2025, the Australian Securities Exchange (ASX) encountered a significant disruption as its announcements platform experienced a major outage just before the market opened. This technical failure resulted in trading halts for approximately 80 companies, as they were unable to release price-sensitive information to the market. - read more
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| APRA Implements Cap on High DTI Home Loans to Address Housing Market Concerns Tue, 02 Dec: The Australian Prudential Regulation Authority (APRA) has announced a significant policy change aimed at mitigating emerging risks in the housing market. Effective February 2026, APRA will impose a cap on high debt-to-income (DTI) home loans, limiting banks to issuing no more than 20% of new home loans with DTI ratios of six times or higher. This measure applies to both owner-occupier and investor loans, excluding new housing developments. - read more
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| Australian Home Prices Continue Upward Trend Amidst Affordability Challenges Tue, 02 Dec: In November 2025, Australia's housing market experienced a 1% month-on-month increase in home prices, bringing the national median value to A$888,941. This follows a 1.1% rise in October, indicating a persistent upward trend in property values. The growth was particularly pronounced in mid-sized state capitals, with Perth leading at a 2.4% increase. Sydney and Melbourne saw more modest gains of 0.5% and 0.3%, respectively. - read more
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| Analysts Predict Continued Growth in Australian Home Prices Through 2026 Tue, 02 Dec: Recent analyses indicate that Australian home prices are expected to rise by approximately 6.9% in 2026, an upward revision from earlier projections of 5.6%. This forecast follows an anticipated 8% increase in 2025, highlighting a sustained upward trajectory in property values. The primary drivers behind this growth include limited housing supply and resilient demand, particularly in major cities such as Sydney, Melbourne, Brisbane, Adelaide, and Perth. - read more
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| Celebrating the Success of the 2025 Sydney International On-Water Boat Show Tue, 02 Dec: The 56th Sydney International On-Water Boat Show, held from 13 to 16 November 2025 at Darling Harbour, has concluded with remarkable success. This year's event attracted over 20,000 visitors, underscoring the enduring appeal of Australia's marine lifestyle and industry. - read more
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| Victoria's Arcadia Hatchery: A Milestone in Native Fish Production Tue, 02 Dec: Victoria has taken a significant step forward in native fish conservation with the opening of the Arcadia Native Fish Hatchery, now the largest facility of its kind in Australia. Located just south of Shepparton, this state-of-the-art hatchery is set to revolutionise the state's fisheries sector and bolster recreational fishing opportunities. - read more
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| Unveiling the Cause of South Australia's Harmful Algal Bloom Tue, 02 Dec: Since March 2025, South Australia's coastline has been grappling with a harmful algal bloom (HAB) that has severely impacted marine life, the fishing industry, and tourism. Recent research has identified Karenia cristata as the dominant species responsible for this environmental crisis. - read more
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| MotorCycle Holdings Achieves Record Sales in FY2025 Tue, 02 Dec: MotorCycle Holdings Limited (MCH), a prominent player in the Australian motorcycle retail and wholesale sector, has announced a record-breaking sales revenue of $650 million for the fiscal year 2025. This figure represents an 11.6% increase compared to the previous year, underscoring the company's robust growth trajectory in a competitive market. - read more
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| RAA Highlights Alarming Rise in Serious Motorcycle Crashes Tue, 02 Dec: The Royal Automobile Association (RAA) has raised concerns following a significant 58% increase in serious motorcycle crashes in South Australia over a five-year period. Between 2019 and 2023, the state recorded 966 serious motorcycle crashes, up from 611 in the preceding five years. - read more
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| Stark Future Accelerates Growth with €100 Million Investment Tue, 02 Dec: Spanish electric motorcycle manufacturer Stark Future has successfully completed a new investment round, raising over €100 million to support its ambitious growth plans and model range expansion. This funding round was notably swift, closing within a few weeks, and was predominantly backed by existing shareholders. Additionally, a select group of new high-profile investors from the MotoGP community, including current riders and a former World Champion, participated in this round. - read more
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| Surge in Mental Health Claims Reshapes Australia's Insurance Landscape Tue, 02 Dec: Australia's insurance industry is experiencing a significant shift as mental health conditions have become the leading cause of total and permanent disability (TPD) claims. Recent data from the Council of Australian Life Insurers (CALI) indicates that mental health issues now account for nearly one-third of all TPD claims, marking a substantial change in the industry's claim patterns. - read more
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| Australian Insurance Premiums See Notable Decrease Tue, 02 Dec: Recent data indicates a notable decline in life and income protection insurance premiums across Australia, providing consumers with more affordable coverage options. According to the latest Direct Life Insurance Report from Rainmaker Information, direct life premiums have decreased by 7% since 2024. Similarly, direct income protection premiums have seen significant reductions, with average premiums for waiting periods of 30 days and 90 days decreasing by 12% and 13%, respectively. - read more
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| TAL's Health Sense Plus Now Covers Income Protection Policies Tue, 02 Dec: In a significant development for policyholders, TAL has expanded its Health Sense Plus program to encompass income protection (IP) policies. This initiative, effective from August 8, 2025, aims to incentivise proactive health management by offering premium discounts to clients who engage in preventative health checks. - read more
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| Northern Australian Marinas Appeal for Government Support Amid Escalating Insurance Costs Tue, 02 Dec: Marina operators across Northern Australia are sounding the alarm over surging insurance premiums, with some reporting increases exceeding 300% in recent years. This financial strain is prompting urgent calls for government intervention to ensure the sustainability of the industry. - read more
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| Coast Insurance Announces New Co-CEOs to Propel Strategic Growth Tue, 02 Dec: In a significant move within the Australian insurance sector, Coast Insurance has appointed Stephanie Muller and Jordan Brindley as Co-Chief Executive Officers. This strategic decision underscores the company's commitment to robust leadership and sustained growth. - read more
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| Suncorp Braces for $350 Million Reinsurance Impact Following Severe Storms Tue, 02 Dec: Recent supercell thunderstorms have wreaked havoc across South East Queensland and northern New South Wales, leading to significant financial implications for insurers. Suncorp, a major player in the Australian insurance market, is preparing for a substantial reinsurance retention of $350 million as a result of these events. - read more
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| QBE Insurance Faces Market Challenges as Premium Growth Slows Tue, 02 Dec: QBE Insurance Group, Australia's largest insurer by market value, recently experienced a significant decline in its share price, reaching a seven-month low. This downturn is primarily attributed to a noticeable slowdown in the company's premium rate growth during the third quarter of the 2025 fiscal year. - read more
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| Climate Change's Impact on Rising Home Insurance Premiums in Australia Tue, 02 Dec: Insurance Australia Group (IAG), a leading insurer in Australia, has highlighted the significant role of climate change in driving up home insurance premiums. The company reports that the increasing frequency and severity of weather events are major factors contributing to these rising costs. - read more
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| Australian Insurers' Preparedness for Emerging Risks Falls Short Tue, 02 Dec: Recent findings from PwC's Insurance Banana Skins Survey indicate that Australian insurers are trailing behind their global counterparts in terms of preparedness for emerging risks, particularly in areas such as cyber threats and artificial intelligence (AI). - read more
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| QBE Insurance Faces Market Challenges with Slower Premium Growth Tue, 02 Dec: QBE Insurance Group, Australia's largest insurer by market value, recently experienced a significant decline in its share price, reaching a seven-month low. This downturn is primarily attributed to a noticeable slowdown in the company's premium rate growth during the third quarter of fiscal 2025. - read more
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| Australian Insurers Face Challenges in Risk Preparedness Tue, 02 Dec: Recent findings from the PwC Insurance Banana Skins Survey have highlighted a concerning trend: Australian insurers are trailing behind their global counterparts in terms of preparedness for emerging risks. This survey, now in its tenth iteration, gathered insights from 698 insurance executives across 42 territories, including 37 from Australia, encompassing leaders from major general, life, and composite insurance organisations. - read more
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| Allianz Australia Penalised for Misleading Insurance Practices Tue, 02 Dec: In a significant regulatory development, Allianz Australia and its subsidiary, AWP Australia, have been fined $16.8 million for making false and misleading statements. This penalty underscores the critical importance of transparency and honesty in the insurance industry. - read more
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| Businesses Advocate for Reforms Amid Rising Insurance Premiums Mon, 01 Dec: The Australian Chamber of Commerce and Industry, in collaboration with the Insurance Council of Australia, has released a report highlighting the urgent need for coordinated reforms to address the escalating insurance premiums affecting small and medium-sized enterprises (SMEs). The report underscores that soaring premiums are compelling many SMEs, including beauty salons, to either forgo insurance or reduce coverage, posing significant risks to their operations. - read more
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| AFCA Determines Home-Based Waxing Salon Is a Business Mon, 01 Dec: The Australian Financial Complaints Authority (AFCA) recently ruled that a home-based waxing salon operated by a Suncorp customer constitutes a business, not merely a hobby. This decision has significant implications for beauticians managing home-based operations, particularly concerning insurance disclosures and compliance. - read more
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| ASIC Announces 2025 Focus on Insurance Pricing and Claims Handling Mon, 01 Dec: The Australian Securities and Investments Commission (ASIC) has unveiled its enforcement priorities for 2025, placing a significant emphasis on insurance pricing practices, claims handling, and complaints processes. This initiative aims to enhance consumer protection and ensure fair practices within the insurance industry. - read more
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| ASIC Highlights Risks in Self-Managed Super Fund Advice Mon, 01 Dec: The Australian Securities and Investments Commission (ASIC) has conducted a comprehensive review of financial advice provided to individuals considering self-managed superannuation funds (SMSFs). The findings have raised significant concerns about the quality and suitability of such advice, highlighting potential risks to Australians' retirement savings. - read more
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| Commonwealth Bank CEO Highlights Concerns Over Surging Home Loan Demand Mon, 01 Dec: The Commonwealth Bank of Australia (CBA), the nation's largest lender, has raised concerns over the current surge in home loan demand, suggesting it may be contributing to escalating property prices. CEO Matt Comyn emphasized that while the bank benefits from increased housing credit, a more moderate growth rate would better support long-term financial stability and equitable access to the housing market. - read more
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| APRA Implements Cap on High DTI Home Loans to Address Housing Market Concerns Mon, 01 Dec: The Australian Prudential Regulation Authority (APRA) has announced a significant policy change aimed at mitigating emerging risks in the housing market. Effective February 2026, APRA will impose a cap on high debt-to-income (DTI) home loans, limiting banks to issuing no more than 20% of new home loans with DTI ratios of six times or higher. This measure applies to both owner-occupier and investor loans, excluding new housing developments. - read more
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