Home Loans & Mortgages

The way some people see it, BankWest head of mortgages John Rolfe holds the key to profitability in the nation’s $600 billion mortgage market. The theory goes like this. BankWest’s aggressive parent HBOS, having already caused chaos in the cosy banking industry by hiking deposit rates, is ready to move to the asset side of [...]

If you are one of the thundering herd having trouble keeping those New Year’s resolution to save more and spend less, don’t worry, you are not alone. A new survey shows that many Australians may be in the same boat. But many are now succeeding. One in five Australians will give up on their financial [...]

That brings up a few questions for the Prime Minister.

So Julia Gillard, how will you sort out this mess? In particular….
How will you overturn the ability of the banks to bleed the “hard-working families” white and take most of their pay packets through high margins?
How do you plan on stopping the coming wave of foreclosures and the homelessness of hard-working Australians?
How will you keep the non and bank mortgage sectors apart and return then to a truly competitive picture to reduce interest rates.
How will you ensure that a new raft of mortgage players can easily enter the mortgage market to drive down interest rates?
If the HSCB bank in the UK can provide mortgages on a margin of 0.49%pa why do our banks need a margin over six times that amount?
When will Labor stop encouraging in anti-competitive behaviour?
How will you break the Big Four Bank Cartel?