China’s mum and dad investors, small businesses and employees are being cut loose. As Beijing grapples with how to revive the nation’s flatlining economy, they’re being left to carry the bills left by collapsing megacorporations. Property developers Evergande and Country Garden owe suppliers, builders, contractors and employees billions of dollars.Continue Reading
A Sydney couple who was concerned investing in property “was a scam” have since created a portfolio worth $1.7 million in four years, spanning across three Australian states. Sweta Khandelwal and Shailesh Kumar arrived in Australia in 2014 from India and were unsure about how to invest their money. “WeContinue Reading
A glamorous lawyer and daughter of a controversial property developer accused of using fake contracts to secure a $150m loan has faced court. Ashlyn Nassif, 27, is accused of falsifying $10.5m in pre-sale contracts for the development of the $900m Sky View apartment complex in northwest Sydney. The partner ofContinue Reading
An Australian man is knuckling down as his mortgage repayments are set to double by June this year to an eye-watering $110,000. Steven De Celis owns a $2 million home in the plush Sydney harbourside suburb of Haberfield but is haemorrhaging cash as interest rates continue to rise. On Tuesday,Continue Reading
After 10 consecutive interest rate rises by the Reserve Bank of Australia (RBA), an unlikely loser has emerged. While mortgage holders have been hit hard since May last year when the RBA began hiking the official cash rate, there has been one group of Australians who have so far managedContinue Reading
Amid rising levels of global uncertainty and the largest relative rise in mortgage rates in Australian history, there is one question households across the nation are asking. Will house prices crash? In the last release of the national accounts that covered the fourth quarter of 2022, growth in per capitaContinue Reading
An ordinary family have opened up about how they led a “secret double life” that scored them a property portfolio worth $5.2 million. In their spare time, Justin Zhu, 36, and his wife Ning, 35, have been investing in property – on top of their day jobs. Now the pairContinue Reading
Disgraced politician Salim Mehajer has been granted bail over a string of domestic violence charges, including choking, assaulting and intimidating an ex-partner. Appearing via video link at Sydney’s Downing Centre District Court, Mr Mehajer wore a green prison T-shirt, had slicked back hair and was holding a pile of documentsContinue Reading