Australia Post could compete with banks

You guys are obviously a little behind on what happens in other countries.

Google Kiwi Bank. Linked to NZ post and funded by the government to offer low rate home loans. THis was in responce to aus banks buying all NZ and screwing customers.

If the bank rates cant be controlled by the reserve. Let the austpost network offer home loans at researve controlled rates.

Then watch the banks actually tie their rates back to Reserve rates.

I think its a great idea.,

I''ve just picked myself up off of the floor laughing about this story and the above responses.

Australia Post would have to rank the worst level of customer service in the entire southern hemisphere, if not the whole world.

The Labor government are well overdue for their medication if they seriously think Australia Post can handle this one....good luck!!!

Does this mean that Australia Post will hold an ACL and that every employee will have to be a credit rep? This service offering definately falls into that catergory.

Agree. As the banks have move people to the Post office to do a number of there banking servcies the lines in this organisation are out the door. Good luck in getting the correct financial advise from a professional at a post office.

Yeah, I can just see this happening. People going into an Australia Post branch to get some financial advice.

Ever seen how long it takes the staff in this 20th Century establishment to tear off and sell a 60c stamp?

I can just see the lines of people waiting to be servced at the Post Office for financial services, backed up the street to the nearest bank.

Might be quicker just to go into the bank?