'Coordinated' mortgage fraud uncovered | Property downturn extends to regions | Super reforms

An investigation by financial crimes regulator AUSTRAC has uncovered 'coordinated mortgage fraud' across the Australian lending sector; Cotality says regional property prices fell in the June quarter, though they continue to outpace growth in the capital cities; and super funds will have expanded powers to give financial advice to members under new reforms by the Albanese government to crack down on dodgy practices following the collapse of the First Guardian and Shield funds. SBS News is Australia's trusted news source for the latest news from Australia and across the world. Subscribe to the SBS News YouTube channel: https://www.youtube.com/@SBSNews Follow SBS News on Instagram: https://www.instagram.com/sbsnews_au Follow SBS News on TikTok: https://www.tiktok.com/@sbsnews_au Follow SBS News on X: https://www.twitter.com/SBSNews Follow SBS News on Facebook: https://www.facebook.com/sbsnews Apple News: https://trib.al/MTx0gUe For the latest news, visit www.sbs.com.au/news Network Terms & Conditions: https://sbs.com.au/terms Privacy Policy: https://sbs.com.au/privacy Feedback or complaints: https://sbs.com.au/complaints