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The What's Pi$$Ing You Off Thread


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  • Moar Powar Babeh
  • Lifetime Members
  • Member For: 19y 3m 1d
  • Gender: Male
  • Location: Perth

Wont happen. They are bumping the rate to cover shortfall due to the changes APRA have made to lending Reg for non residential mortgages (investment/development properties etc) It's made it harder for the banks to lend against these so they have pushed the rates up to cover the shortfall.

two ways to look at it

1.Banks are Greedy Cvnts (with they probably are)

2.I might cost you a little in the short term but it should stop the Australia rendition of Lehman Bros or Fannie Mae

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  • WOT?
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  • Member For: 11y 9m 28d
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  • Location: Frankston, 3199

Wonder if the non-bank lenders have the same excuse the banks have (need to keep a larger reserve??) and, if they don't, how they will justify any increase

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