Paige Estritori discusses the week's finance news in Australia on behalf of Financial Services Online. A highlighted topic is the Australian Securities and Investments Commissions critique of the private lending industry's practices. The ASIC is concerned about the industry's unclear reporting and valuation methods, calling for improved transparency and accountability. Home affordability issues persist for first-timers, with the time to save for a 20% deposit soaring due to a significant hike in entry-level prices and unit costs. Government schemes have boosted first home buyers loans, but their impact on affordability remains debatable. Also noteworthy is APRAs new debt-to-income limits to promote financial stability in the housing market. Stay informed with Insights from Financial Services Online for more information on personal and business loan finance.n