Treasury secretary Fraser, to a recent parliamentary inquiry "banks are an oligopoly" (he means monopoly) "and has not been kind to borrowers".
Scott Morrison? No action.
Scott Morrison "great news, interest only loans have seen their first drop now since 2009."
Scott Morrison knows zip about intelligent and prudent safe investing. Principal and interest is simply an extra flow of cash to the banks out of the economy, 45% more out of your pocket and is leading to a reduction in jobs.
Scott Morrison - wrong action!
So clearly Scott Morrison and the Treasury are not running the country. Who is?
Is it APRA, that is encouraging banks to increase their profit share of the economy, squeezing out the rest of the sectors?
Is it banks, that for the first time don't have a Liberal Treasurer demanding rate cuts to be passed on in full?
Even worse, this Liberal Treasurer allows the reverse - a rate rise at your expense and out of step with the RBA - despite their cost of funds coming down.
My Tip: The next move from the RBA will be DOWN. Don't always believe what you see in the media!
So are you missing out?
Have you been pushed to P&I sucking up 45% more of your cash in bank repayments?
Have you been denied funding because you don't have the increased deposit the banks suddenly find their monopoly allows them to demand?
Have you been denied funds by your bank telling you to go away and save more money… into their deposit accounts of course?
The solution.
We have a nationwide bank of "Fund Finders". We can locate the funds that you can't at the rate that you can't and on conditions that you can't.
Take advantage of the huge borrowing power that your Club has… a huge $1.2 Billion dollars is waiting for banks to give us the right offer! Click immediately below to have the form sent to you. Start saving now!
So, beat APRA. Beat the bank and beat Treasury and Scott Morrison. Let us save you!
Contact us and we will send you a "Save Me" form. You may just want to fill this form out to recover the rate hikes that the banks have hit you with this year.
[Save Me](mailto:enquiries@propertyclub.com.au?subject=Save Me Form&body=Hi, please send me the Save Me form.)
One bank in three months made seven rate adjustments - all up.
Let us save you!
Kevin Young // Property Club Founder
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