ASIC probes buy now, pay later schemes including Afterpay

ASIC probes buy now, pay later schemes including Afterpay The corporate watchdog will look into any potential risks to shoppers from the boom in buy now, pay later platforms such as Afterpay, as consumer groups worry these services escape laws designed to protect customers. With buy now, pay later platforms eyeing strong growth in the peak Christmas shopping period, the Australian Securities and Investments Com mission (ASIC) on Friday confirmed it was closely watching the fast-growing sector. Buy now, pay later schemes are like a modern form of lay-by for tech-savvy millennials, but with an important difference. Unlike lay-by, these services allow customers to take their goods home before t

Sydney Housing Bubble Is A Myth

PROPERTY experts have slammed reports of the Sydney housing market collapsing, pointing out the market is headed in a more unusual direction now that the boom has ended. Sydney real estate has finally emerged from what economists are calling the “perfect storm” — a five-year boom period when wave after wave of home price rises turned the city into the least affordable housing market in the world behind only land starved Hong Kong. The kind of market that has emerged in the aftermath of that storm is a more accessible one characterised by largely flat growth in prices but little chance of a collapse, according to housing experts. Recent price movements have given a hint of how the market is t


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