BANKS YOU WILL BE THE DEATH KNOCK

So know you banks are getting a conscious are you?  Well where were you 4-5 years ago whilst you were all partying on your big bonuses and huge payouts for your CEO's??
I could never understand why those CEO's got paid millions in their bonuses how irresponsible have you lot been.

Let alone now you are wanting to know everything about your new/old client who is now going for a loan even down to what they order through uber eats - are you bloody serious?

Talk about not encouraging people to take a loan out from you, you are all shaking in your shoes because you damn well know that you have been dealing in the shade of grey for years now and you are shitting yourselves because you are about to be found out or have been found out that you have been over charging your clients for years.

May I remind you with your clients you are absolutey nothing and dont think that your clients cannot take you down because they will, as soon as one bank breaks the ranks and starts lending responsibly without all these unnecessary tick boxes you claim you need to tick, your clients are going to fly out the door.

Now that Sydney & Melbourne are going down in their house prices (Perth has had that since 2014) you are trying to say that Australia is going to go into a major slump in their house prices - we have been there done that now its the Eastern States turn (which they said wouldnt happen) !!

Sydney & Melbourne in particular show how rapidly property fortunes have shifted.

Historically, downturns in house prices have been driven by rises in interest rates or unanticipated shocks such as the global financial crisis.

This time the downturn is being driven by those crazy banks and their credit tightening intending to cool a hot investor market (hasnt been that way for a little while guys wisen up)

In 2014 the banking regulator, the Australian Prudential Regulation Authority (APRA) asked the banks not to increase their proportion of investor loans by more than 10 per cent a year. 

This year it began winding back this limitation.

Then in 2017 APRA targeted interest-only loans, telling the banks they couldn’t have more than 30 per cent of such loans on their books.

The final report of the banking royal commission isn’t due until next year, but its dramatic hearings have had an additional chilling effect on the banks’ willingness to lend. 

Typical they go from one end of the scale to the other - not one of our banks are very sensible and they are now all under such scrutiny - you have brought it on yourselves, but be realistic and get back to what you are suppose to be doing LENDING MONEY but not tying a rope around people's neck.

This downturn that you banks are creating is spiralling and you need to stop it right now and be sensible otherwise you are going to create a lot of bank repossessions and you will not be making any money out of that either.

EITHER WAY THE PEOPLE WILL GET IT IN THE NECT THANKS TO YOUR NEGLIGENCE FOR MANY YEARS YOU ARE GOING TO MAKE A LOT OF PEOPLE SUFFER WITH YOUR GREED AND SELFISH WAYS.

MAKE YOUR OWN DECISIONS AND GIVE IT A REAL GO!!

SELLING MOSMAN PARK & THE WESTERN SUBURBS!!

KEEPING IT REAL IS OUR MOTTO!!