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Major banks slash interest rates out of cycle, and ease LVRs to lure more property investors; Mortgage War: CBA reduces investor mortgage rates by 40 basis points
Topic Started: 24 May 2016, 12:01 PM (7,457 Views)
Terry
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hidflect
24 May 2016, 11:30 PM
Precisely. He's arguing correlation is causation. A fatal mistake. Also Rufus is ignorant of the fact that the Oz banks are majority owned by US interests. The banks are no more "Ozzie" than McDonald's. And the vast majority of money loaned out by these "Ozzie" banks is from money borrowed overseas. That's another fact he's ignorant of.
That's not what I said. I'm talking about relationships that are far more complex to really grasp, particularly the relationship between asset prices and consumer spending. That is an important relationship as consumer spending is the basis of our economy.

Are you saying the majority of our banks are owned by American interests? Would you like to explain? And no, the majority of money lent by Australian banks is not sourced from wholesale funding.
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Investor888
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Terry
25 May 2016, 12:38 AM
Are you saying the majority of our banks are owned by American interests? Would you like to explain? And no, the majority of money lent by Australian banks is not sourced from wholesale funding.
Would probably be about right (as lest 50% anyway). Not just the banks, but a lot of Australia's biggest listed companies. Among the owners, Citigroup, JP Morgan, HSBC, National Nominees (hold nearly 50% of the share holding).
Who Really Owns the Big Four Banks?

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Edited by Investor888, 25 May 2016, 12:53 AM.
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Terry
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Investor888
25 May 2016, 12:52 AM
Would probably be about right (as lest 50% anyway). Not just the banks, but a lot of Australia's biggest listed companies. Among the owners, Citigroup, JP Morgan, HSBC, National Nominees (hold nearly 50% of the share holding).
Who Really Owns the Big Four Banks?

Posted Image
Yes, this is very interesting.
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Ex BP Golly
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Rufus
24 May 2016, 01:20 PM
When APRA brought in their new investor guidelines, lenders took a pace back and re-evaluated their exposure to investors. Seasoned investors rarely use 90% loans, that's what new investors of FHB investors use.

This is just the market coming to terms with the new guidelines.

Desperate to gain market share now they have discovered their dangerously exposed position the the cleptocratic Chinese?


Rainbow
24 May 2016, 02:32 PM
What would a clown know about risk? The clown is scared to take any.
But you keep telling us investing in housing is so risk free, even an idiot such as yourself can do well out of it.

Try to stay on message dimwit.
Edited by Ex BP Golly, 25 May 2016, 02:33 AM.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Rainbow
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Ex BP Golly
25 May 2016, 02:31 AM
But you keep telling us investing in housing is so risk free, even an idiot such as yourself can do well out of it.

Try to stay on message dimwit.
Out pops one of the clown's socks. Back in your box puppet.
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skamy
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Terry
24 May 2016, 06:18 PM
No evidence. That's why I qualified my claim with the adverb "arguably" and referred to a key tenet of risk analysis, which I'm happy to argue and educate on until the cows come home.
Terry's idea of risk management

"Something can go wrong do not do it"

Everyone else's idea of risk management

"Something can go wrong. how do we mitigate this?"

Definition of a doom and gloomer from 1993
The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
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And this.....

Astounding and surprising amount for Brisbane.

http://www.news.com.au/finance/real-estate/buying/macquarie-bank-blacklists-loans-for-apartments-in-risky-suburbs/news-story/95cfa1bb1491eeff59af1d94d485a97d

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A Lurker
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Investor888
25 May 2016, 12:52 AM
Would probably be about right (as lest 50% anyway). Not just the banks, but a lot of Australia's biggest listed companies. Among the owners, Citigroup, JP Morgan, HSBC, National Nominees (hold nearly 50% of the share holding).
Who Really Owns the Big Four Banks?

Posted Image
This is total BS.

Those 'owners' merely operate large custodial providers utilised by the superannuation funds, LICs, managed investment schemes and other institutional investors. Accordingly the percentages held by those are spread among dozens or thousands of underlying funds, companies and individuals.

If you you are really interested you can search the company announcements on the ASX you will find substantial holder notices by any shareholder that holds or controls more than 5%. Under the Banking Act no one can actually hold more than 5% of a bank without the prior approval of the Commonwealth Treasurer.
Edited by A Lurker, 26 May 2016, 10:25 PM.
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Dean.Collins
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lol did APRA or the RBA tap Westpac on the shoulder and say...sorry folks we screwed up full steam ahead please.....if not we're going to craaasssshhhhh

What the heck last year its no more investors....today its...please come back investors.

Great example of why we should hunt around to lenders outside the big 4 in order to push down the spread that we are being forced to accept through lack of competition.
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Ex BP Golly
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Dean.Collins
26 May 2016, 10:58 PM
lol did APRA or the RBA tap Westpac on the shoulder and say...sorry folks we screwed up full steam ahead please.....if not we're going to craaasssshhhhh

What the heck last year its no more investors....today its...please come back investors.

Great example of why we should hunt around to lenders outside the big 4 in order to push down the spread that we are being forced to accept through lack of competition.
Australia's Command Economy!
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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