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Uncertain Times Call for Old Fashioned Service for Finance Brokers

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First the Reserve Bank of Australia decided to leave the cash rate on hold, then the four major Australian banks increased their interest rates out of cycle with the RBA and the following week posted their profit for the quarter, which is up 7% for CBA and NAB. In these ever changing times many are concerned about how this will affect the lending market.

Leaving the cash rate on hold and the out of cycle interest rate hike has drawn the ire of journalists, politicians and customers alike and of course created more uncertainty in an already jittery property market. It is only when you look at the underlying issues; higher funding costs, slowing global growth and an escalation in the European sovereign debt crisis leading to high market…



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