Conference Wrap Up

Property Club Property Market Insights

A big thank you to all of those who attended our 25th Anniversary conference.  As you know it was a relaxing cruise around our Southern States.   All presenters did a fantastic job with well researched and practical items.  One exciting part for me is renewing old friendships.  It was great to meet Sue and David Lomax who have been with us since the first days with the Club and also members John & Shelly Lewis.  A big thank you to John for volunteering to do a segment on how they achieved their 8 properties.

Special thanks to Troy Gunasekera, Branch Manager who traveled all the way from Perth to do his several statistical updates that are always eagerly sought by attendees.  If you haven’t been on our conference cruise you will find this a lot more economical and relaxing than a land-based conference centre.  Thank you to Melanie Sampy who has been with us since the inception of the Club for all of the hard work that goes into these national conferences.  Mel is already busy working on the next Conference dates for 2020! The votes are in from our surveys and it’s looking like March is the winner. We are excited to start working on the next Agenda and make 2020 an unmissable event.

I look forward to seeing you there and keeping my promise that with what you learn and save the total conference will cost you nothing.  It will make you a profit. Already one couple have saved and made $34,000. How much will you save next year?

RBA

Why bother!  Until Rudd, the government made the banks follow in step with the RBA.  Since Rudd’s monopoly, the banks are thumbing their nose at the RBA so what it does is really irrelevant.

Banking Inquiry

This leads us to the banking inquiry.  What banking inquiry?  Excluded from the inquiry were the following:

The banking monopoly, APRAs credit squeeze, APRAs push to P&I loans endangering the economy, set a limit to the bank executives income to be limited to that less than the Prime Minister. (See chart for the pre and post-monopoly) 25% of this should be bonus related.  Half based on profits, half based on zero complaints to the banking ombudsman.  Each complaint takes x number of dollars off the bonus.  The ACCC to devise a way to introduce competition to the banking sector.  Banks have use of asset revaluations to steal savings during temporary downturns.

We are pushing for a REAL banking inquiry, this is your opportunity to get REAL competition to the banking sector, please send this along to your local federal member asking for his or her comments (you can get their address by googling Local Federal Member MP).

What do you think:  feedback@propertyclub.com.au

Regards,

KY