- 29 October 2016
Hello Morrison... Are You There?
The following article shows why our Treasury is a prisoner of the Treasury department. Morrison returned from overseas calling on the RBA to not lower rates. Morrison should have come back pointing out the RBA was reaching its charter of maintaining full employment. He should have come back calling on the RBA to match overseas low rates, He should have called upon the banks to immediately pass on previous RBA rate drops that they have stolen.
Australia's monthly jobs data is a mess and Scott Morrison needs to do something about it.
APRA released figures confirming that the banks were lying saying that the cost of funds was not tied to the RBA rate. In fact, APRA (Metcalf) stated that over the last seven years the bank's cost of funds has come down more than the RBA rate, not less.
Previous Treasurers forced the banks to pass on cuts. Unfortunately, since then we have had Swann, Hockey and now Morrisson - who do you think would make a good Treasurer?
Click here to read why Scott Morrison should look at the US scheme that trumps Australia on affordable housing.
Regards,
Kevin Young Club Founder of Property Club
Related Posts
One in Four Aussies Are Reassessing Their Homes: What This Means for You in 2026
New Canstar research shows that many Australians are quietly reassessing their housing situation. According to the survey, more than one in four homeowners are considering their next move over the coming year. The figures vary across the states, with Queensland showing the highest proportion of people thinking about...
The Christmas Property Myths That Cost Investors Money
Every year the property market slows as people turn their attention to travel Christmas shopping and family time. With so much noise around the holidays it is easy for investors to absorb advice that sounds reasonable but has little basis in how the market actually works. Property Club continues to watch these...
Sydney Units Are Quietly Entering Their Next Growth Phase
Sydney is heading into another shift, but it is not happening in the prestige house market or the headline grabbing suburbs. The real movement is in well-located units sitting close to transport, education and major employment hubs. These are the properties renters line up for and the ones buyers turn to when house...