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I'm so damn tired of all the focus being on borrowers. Only a third of Australians have variable home loans. Nearly twice as many have deposits.Why is there such a total focus on bring rates down all the time?I clearly remember paying 22% on an IP in the early 80's.PS Re Mr Swan's 'banking review', some details of which were aired today, according to commentators one of his measures, i.e. the scrapping of exit charges, will most disadvantage the smaller institutions who apparently charge far more in this respect than do the big four.Pretty funny, really, when he is intent on punishing the big four for being successful, and declaring he will even everything up so the smaller institutions are more competitive! Silly *****
I'm so damn tired of all the focus being on borrowers. Only a third of Australians have variable home loans. Nearly twice as many have deposits.
Why is there such a total focus on bring rates down all the time?
I clearly remember paying 22% on an IP in the early 80's.
PS Re Mr Swan's 'banking review', some details of which were aired today, according to commentators one of his measures, i.e. the scrapping of exit charges, will most disadvantage the smaller institutions who apparently charge far more in this respect than do the big four.
Pretty funny, really, when he is intent on punishing the big four for being successful, and declaring he will even everything up so the smaller institutions are more competitive! Silly *****
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