Tag Archives: loans
Distortion Guaranteed?
Posted on 20. May, 2010 by Chris Lang.
While the Rudd government may have moved quickly to provide guarantees for the major Banks during a financial turmoil ... the impact of doing so has been disastrous for borrowers.
Right now, these major Banks seem to account for virtually 80% of all owner-occupier loans for property.
As such, the margins they are charging have never been [...]
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Sentiment is Strong ... Despite the Economy
Posted on 10. Jul, 2009 by Chris Lang.
These graphs are painting a very encouraging picture.
As you can see, the Westpac-Melbourne Institute consumer sentiment index increased strongly by 9.5% for June.
And that means it has now leapt by some 23% since May — the largest 2-month increase for over 30 years.
First-home buyers have also been active, accounting for nearly 30% of [...]
