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Don’t Get Mad… Get Even!

‘Yes, we repriced the back book’, ANZ defends rate hikes! Please tell us something we don’t know! The big four banks are fronting the House of Representatives Standing Committee on Economics to amongst other things try and justify the gouging of their customers by increasing rates…

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Banks Are Under the Pump!

The major bank CEO has explained how it was a first mover on mortgage repricing and why it made a decision to hike rates knowing full well that its customers could move to another lender. ANZ chief executive Shayne Elliott appeared in Canberra on Wednesday (11 October) where he answered…

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Understand the Rules on Depreciation

It’s not too late to claim depreciation With the 2016-2017 financial year now over, property investors may assume they have missed their opportunity to organise a tax depreciation schedule and make a depreciation claim. Research suggests around 80 per cent of property investors simply…

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Time to Beat Banks at Their Own Game!

For several months now I have been telling anyone prepared to listen how usury the banks behaviour has been in recent times using APRA as an excuse to gouge customers. The following commentary from industry luminary Steve Weston who is highly regarded in all sections of the industry sums the…

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