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
EOFY is coming, and most Australians are getting ready to tick the box, lodge the return, and move on. But smart investors know this isn’t just the end of a financial year — it’s a checkpoint. This is your chance to stop handing over more tax than you need to. And property could be the most powerful tool you’re not...
Retirement is not what it used to be. The old model of working full-time until 67 and then calling it quits is changing. More Australians are asking deeper questions. Am I financially ready? Do I want to stop working, or am I just tired of my current job? Do I have enough to live the life I want, or just enough to...
With interest rates still causing concern for many investors, refinancing can offer a powerful way to reduce costs and improve cash flow. A recent Property Club member case shows just how much can be saved, both monthly and over the life of a loan. Real Example: Refinancing a $450,000 Property Loan One of our...
Our mission is to help the average Australian learn the property market dynamics and discover the amazing opportunities that exist in real estate.