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Franchise head takes aim at the RBA

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Australian Broker | 30 Oct 2014, 07:30 AM Agree 0
​The chief executive of a large mortgage franchise has taken aim at the Reserve Bank, saying that any regulatory action to curb property investment is “fruitless”
  • Awesome - Albert | 30 Oct 2014, 09:49 AM Agree 0
    The government distorted the market by doubling the first home buyers grant, bringing thousands of new purchasers to the property market. Now the market is trying to level back out again and the RBA is Jawboning.

    Small developments, the knock down then rebuild of two townhouses in Sydney, are just starting to be profitable for small builders/developers. What we need is more incentives for first home buyers again to buy new properties and steady rates to ensure there is adequate property supply.
  • Andrew | 30 Oct 2014, 04:12 PM Agree 0
    No Albert, we need to raise the interest rates as soon as possible. You can't water the entire garden with half a cup of water... Things will die.
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