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Australian Finance Group's proposed acquistion of rival Connective Group has raised red flags for the competition regulator, which says the tie-up would create Australia's largest mortgage aggregator and could squeeze smaller players out.
A Gold Coast development property procured through a settlement with a Sydney-based financial advisory firm facing two separate class actions can be sold to recoup losses by investors who sank over $14 million into a property investment scheme, a court has found.
Online real estate giant Domain has filed a lawsuit against an up-and-coming competitor in the property listings market, alleging the startup's ads misleadingly claim it will have property listings before any of its rivals.
Three Sydney commercial landlords whose properties were compulsorily acquired to make way for the WestConnex project have come to the end of the road in their fight for $56.5 million in compensation, with the High Court refusing to hear their case.
Real estate company Oliver Hume is facing three lawsuits from overseas investors seeking to get back the $12 million they invested in a mortgage fund that provided funding to property developers.
The Australian Securities and Investments Commission has suspended the Australian Financial Services licence of a Sydney-based financial services provider that ran a property investment scheme targeting retirees, which the regulator has accused of issuing 'defective' product disclosure statements.
A company owned by Clive Palmer has filed a lawsuit seeking to thwart a class action brought by villa owners in the billionaire's now abandoned Palmer Coolum Resort.
The judge overseeing three class actions against the Commonwealth alleging contamination from the use of toxic firefighting foam at three naval bases has shot down the plaintiffs' bid for a formal communication reminding two referees of their role in the proceedings.
The property developers behind two Canberra apartment complexes have been dealt a partial loss in two class actions against them, with a judge finding the developers misled the lead applicants about the GST payable on their units but that only some of them were entitled to compensation or restitution.
Law firm Thomson Geer is facing a negligence lawsuit by a commercial property investment firm over advice it gave in relation to a $120 million Melbourne car park acquisition.