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Banks in for mortgage showdown?

Posted by: 2UE | 24 January, 2012 - 2:13 PM
Australians are now saving more than spending, but why?

Japanese banks are about to muscle in on the Australian home loan market by offering special low rate deals. The Two Murrays with Choice's Christopher Zinn on more competition fighting for your mortgage business.

 

 


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Blog comments Your Say

  • I recall one of the major banks (was it Westpac?) got into a heap of trouble for encouraging agribusiness's (essentially farmers) to take out loans in foreign currencies including some truly dreadful pre euro currencies like the Portuguese Escudo which resulted in interest rates of 20+% as the currencies collapsed against the Aussie dollar.
    So I'm thinking tht iof a Japanese bank did offer loans it'l lbe in the local AUD and not the Yen.

    CP Wednesday 25 January, 2012 - 8:19 AM

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