Generation locked out of property ownership faces retirement squeeze, warns UNSW economist
Younger Australians unable to buy homes risk financial hardship in retirement and reduced spending power, according to Scientia Professor Richard Holden.
The FlashwireLatest briefing: Australian economy grows 0.4% in June quarter, ABS says (5:51) ▶12:41 · 2 September
Australian GDP grew 0.4% in June quarter as household spending slowed
Australia's economy grew 0.4 per cent in the June quarter of 2026, lifting through-the-year growth to 2.1 per cent amid subdued household consumption.
CommBank downgrades housing outlook as price falls spread beyond Sydney and Melbourne
National dwelling prices are now expected to fall 9% peak-to-trough as momentum slows across Brisbane, Perth and Adelaide.
The online partner who turned a bank account into a money tunnel.
A woman in her fifties, recently widowed, met a man on a dating app who said he was a marine engineer working offshore.
The refund that was $9,000 too generous.
A retired teacher was called about a $89 refund for a subscription he had cancelled years earlier.
Money already gone?
Ring your bank on the number printed on the back of your own card before you read anything else here. Transfers can sometimes be stopped in the first hours and almost never after that. If you are in danger, ring 000. Free, independent help with the aftermath: IDCARE 1800 595 160.
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All live coverage →This is a live blog. Newest entries first, and it keeps updating while you read. 6 entries shown here.
Live
Uber cuts 10% of workforce, Australian staff affected
Uber is cutting about 3,300 jobs globally, roughly 10 per cent of its 34,000-person workforce, chief executive Dara Khosrowshahi said in a memo to staff on Wednesday…
3 Sept
Fraud ScamsTelstra fined $277k over SIM swap fraud failures
Telstra has paid a $277,200 penalty after failing to use mandatory identity checks in 15 unauthorised SIM swap incidents between January and October 2025, the Australian…
3 Sept
Money MuleNew Zealand woman accused of laundering millions in investment scam targeting retirees
A woman in New Zealand has been accused of acting as a money mule in a scheme that defrauded four retirees of their life savings, according to reporting by Stuff. The…
2 Sept
Fraudformer TV boss ordered home to face $14.5m fraud charges
Former television production executive Alex Breingan has lost a legal bid to lift an arrest warrant in New Zealand, the NZ Herald reports.
2 Sept
ScamsScammers are increasingly impersonating banks by setting up fake call centres with hold…
2 Sept
ImmigrationImmigration adviser barred for five years over client thefts
An immigration adviser who fleeced at least nine clients and committed 123 breaches of the code cannot practice for five years, the licensing regime’s tribunal said on 2…
2 SeptMeta accused of profiting from AI deepfake scams while refusing to remove impersonation videos – reports
Latest
Bathla owes $3.4 billion to creditors, administrators reveal
Latest
Global bond selloff deepens and stocks drop on inflation fears
Latest
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The pitches that landed in Australian accounts today.
Every morning: the exact wording criminals used, which banks and platforms were named, and what was done about it. Read today’s issue before you decide.
☀️ Morning Briefing · 1 September 2026 · latest issueRupiah crashes to a record low as Star Entertainment's $307m loss stuns investors
Plus: Manila eases bank liquidity rules, Malaysian scammers dodge the SMS ban, and a fake fines text keeps fooling New Zealanders
Read this issue →31 August 2026Wesfarmers profit jumps 8% but shares fall as Philippine stocks drop below 6,000
28 August 2026Philippines hikes rates to 5% as Thailand cracks down on scam mule accounts
27 August 2026Singapore's scam losses actually fell this year, and Woolworths just posted a huge profit jump
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The Part 8A
Six ways money arrives before the trouble does
Different pitches, one mechanism: your account receives money that isn’t yours, and you are asked to move it on.
Money mules
Someone else’s money, moving through your account, in your name.
You keep a small cut. The bank keeps the whole record. When police read that record, the name on it is yours.
See what this means for you →Romance scamsThe person who loves you needs your bank account.
Months of messages, then one small favour: receive this money, and send it on. The romance was the recruitment.
See what this means for you →Remote-access “refund” scamsThey refunded you too much. Now they want the difference back.
The extra money on your screen came from another victim — or from your own savings, moved between your own accounts while you watched.
See what this means for you →“Quick cash” job scamsThe job is real money. The employer is not.
No interview, no ABN, no office — just your bank details and $500 a week to “process payments” from home.
See what this means for you →Student scamsThe ad on the campus noticeboard only needs your bank account.
International students are targeted hardest, because a visa condition makes the threat of “trouble with the authorities” do all the work.
See what this means for you →Diaspora-targeted scamsThe call comes in your language, from someone who knows your paperwork.
Fake embassy fines, fake immigration officers, fake remittance agents — the trust of a shared community, used as a tool.
See what this means for you →Where we stand
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Last issueRupiah crashes to a record low as Star Entertainment's $307m loss stuns investors1 September 2026