Are we heading for a private credit crunch?

Financial regulator ASIC has raised concerns that a private credit crunch could be on the horizon, putting Australians on alert about superannuation and property investment in funds with little or no disclosure obligations.  

Meanwhile ASIC has raked in hundreds of millions in fines - more than four times the previous year’s take, with a new stance on enforcement paying dividends. 

And consulting firm KPMG has issued fines of its own - to partners and staff involved in its audit scandal. 

Lastly, new data from real estate group Ray White suggests people are staying home and skipping out searching for a new one. 

What does a drop in open home attendance tell us about the property market?

Daniel Ziffer and ABC News Business Editor Michael Janda break it all down on ABC Business Daily.

You can read David Taylor's piece on ASIC's private credit warning here. 

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