Why is there monopoly greed, while their cost of funds is falling?
The ANZ has just obtained a 5-year fixed loan on $1B US at a coupon rate of just 0.625%.
The state of purpose of this low-interest money is to "project finance for corporate loans to projects and businesses ....". Yet, RBA's own reports show that these loans are going out and are being charged out up to 9% interest.
A - 2007 there was Banking Competition
B - 2017 there is a Banking Monopoly
Stay tuned,Is the Treasurer going to do a Costello and pick up the phone and reign in the bank monopoly greed?
Kevin Young
When most people think about building wealth, they picture grinding through long hours, promotions, and maybe a few smart stock picks. Roger Galway had a different idea. Two decades ago, he realised the nine-to-five grind wasn’t going to cut it. So he started buying property. Now, he owns nine of them across...
In the wake of ex-Tropical Cyclone Alfred, which brought Brisbane its wettest day in 50 years with over 420mm of rain in some suburbs and winds reaching up to 60 km/h, the city faced significant recovery challenges. Despite the extensive damage, including power outages affecting over 56,000 homes and businesses,...
Stamp duty isn’t the most exciting part of buying property, but it can seriously shape what you can afford and how quickly you can grow your portfolio. A national report by SQM Research for the Real Estate Institute of Australia (Stamp Duty: The Relationship to Australian Housing Affordability and Supply, October...
Our mission is to help the average Australian learn the property market dynamics and discover the amazing opportunities that exist in real estate.