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ABA refutes 'hocus pocus' TAI report claims

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Australian Broker | 12 Dec 2012, 08:00 AM Agree 0
The ABA is not impressed by what it refers to as "spurious" claims made by The Australian Institute on Monday
  • Scott | 12 Dec 2012, 09:14 AM Agree 0
    It would be helpful if there was a link to the TAI report.
  • Wozza | 12 Dec 2012, 11:01 AM Agree 0
    70 basis points off the advertised standard variable rate.
    What a furphy! Tell me any broker who quotes the SVR and does any business. Why doesnt the ABA encourage lenders to advertise the REAL rate instead "discounts". Now that's competition!
  • Opinion WA | 12 Dec 2012, 12:22 PM Agree 0
    Does anybody ever expect the HIA to come out and say "there is adequate levels of housing being completed at the moment to support population growth, so our members need to slow down production or risk oversupplying the market”. So why would we expect the ABA to come out and say "our members are making larger profits than ever before. It's probably time to give some back, we're recommending passing more back to customers". Industry bodies represent members interest, of course they couldn't agree with the TAI report (accurate or not)!
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