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Hi, over there. He Monday, August 1st, and you’re reading The Loop, today’s news summary. One thing to know: Australian house prices are falling, and fast A new report from analytics firm CoreLogic has found that house prices in Australia are down at the fastest pace since the global financial crisis in 2008 and market conditions are “likely to worsen” as interest rates continue to rise. Data showed the country’s median property value fell 2 percent since early May to $747,182 (including homes and apartments). But the numbers vary depending on the location, so here’s a breakdown of what’s happening in the big cities: Property prices in Sydney, Melbourne and Hobart fell sharply in July. ( Core Logic ) Economists expect Australian house prices to fall between 12 and 20 percent after recently hitting record highs. Today we heard a lot about China’s influence in the Solomon Islands Big investigation by Four Corners has revealed details of how money from Beijing has helped keep the con

Hi, this Monday, July 25. Here’s what you need to get started today. One thing to know now It has been revealed that prosecutors have dropped a child abuse case against a former school principal a Brisbane private boys school — who abused a child years later. It’s more than ABC Rory Callinan : The ABC unveils the 2004 decision as part of an investigation into former activities Nudgee St Joseph Universitas University Principal, Stephen David McLaughlin Christian Brother Stephen McLaughlin is also the principal of Nudgee College. The Office of the Director of Public Prosecutions said it dropped a child abuse case because it was unlikely to be convicted. The former Christian Brother is also suspected of being related to Dennis Norman Douglas an “old boy” Nudgee who confesses to child abuse in the 1990s McLaughlin is punished earlier this year abused a child he fostered in 2015. His lawyers say he denies the offense and they have appealed It christian brother has announced an investi

Hi, over there. It’s Monday, July 18th and you’re reading The Loop, today’s news summary. Brisbane-based banking and insurance company Suncorp has accepted ANZ’s $4.9 billion offer to take over its banking operations — but the deal will take at least 12 months before the deal is finalized, and has several hurdles to work through in the meantime. ANZ is now tasked with raising an additional $3.5 billion in funds to pay for the deal, and will need approval from the Australian Competition and Consumer Commission (ACCC) and Federal Treasurer Jim Chalmers. Queensland State Financial Institutions and the Metway Incorporation laws also need to be amended for the takeover to proceed. Provided the deal gets the green light, it would make ANZ Australia’s third-largest bank for home loans, according to analysis from RateCity (using APRA data). The next step is for ANZ to submit a merger authorization application to the ACCC, which is expected to be received by the regulatory body next month. The