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AUSTRAC Uncovers A$4 Billion Mortgage Fraud Across Australia’s Five Largest Banks
AUSTRAC’s Operation Claw uncovers A$4 billion in suspected mortgage fraud across Australia’s largest banks, with borrowers using fake employment and offshore funds. Hundreds referred to police.
Kalgoorlie-Boulder Property Prices Surge 6.4% as Regional WA Outpaces Nation
Kalgoorlie-Boulder records 6.4% annual property price growth, second only to Port Pirie nationally. Regional WA averages 2.1% growth, outpacing capital cities as investors and first-home buyers compete.
AUSTRAC Uncovers $4 Billion Mortgage Fraud Across Australia’s Five Largest Banks
AUSTRAC uncovers $4 billion in suspected mortgage fraud across major Australian banks through Operation Claw. Hundreds referred to authorities for fake income claims and shell company schemes.
UK Sends Emergency Alert to Millions Over Wildfire Risk on August 15
UK issues emergency alert to millions over wildfire risk. Disposable barbecues banned, military deployed, and 19 homes destroyed in Stourbridge as extreme heat grips Britain.
West Midlands Wildfires Destroy 19 Homes as UK Hits 38.1C on August 14
Wildfires in Stourbridge destroyed 19 homes and damaged 18 others on August 14 as the UK recorded 38.1C. Over 100 firefighters battled the blaze across 500 acres during the country’s fifth consecutive heatwave.
Australian Property Investors Flee Outer Suburbs as Budget Tax Changes Bite
Australian property investors are pulling back fastest from outer suburbs after federal budget tax changes and interest rate rises. Investor loan applications down 28% since May.
Tokyo Metro Hanzomon Line Resumes After Asbestos Found at Station on August 9
Tokyo Metro suspended the Hanzomon Line after asbestos-containing fabric fell from ventilation equipment at Hanzomon Station. Service resumed after cleanup and environmental testing confirmed safety.
ATO Alleges Adgemis Companies Claimed $1B in Fake Expenses, Pocketed $78M in GST Refunds
ATO alleges Adgemis-linked JAGA Group Constructions claimed $1.05 billion in fake expenses and received $78 million in GST refunds. His CFO has accused him of knowingly using dodgy tax claims.
Scottish Housebuilders Collapse Into Administration With Homes Unfinished, August 11
Three Scottish housebuilders collapsed into administration in 2026, leaving 35+ homes incomplete and owing over £8.5m. Buyers face delays; creditors expect significant losses.