Originally posted by ET:

Isn’t his core business Aussie Home Loans?

It was, but for some time now he realised there was far more money to be earned in offering a wider variety from many loan providers.

I’m cynical of his motives…he has a public profile and he knows how and when to use it. Don’t you think his concern will make more of the…[Read more]

I think you have to consider that John Symonds and his brokerage chain has a vested interest in the brokerage from property turnover … so I think rather than see the market languish slowly lower over the next few years, he wants to hasten it, so that the market recovers and more sales are made again.

Update:
The tax office will begin a blitz on low documentation loans after a preliminary audit showed 70 per cent of borrowers may have failed to declare full incomes. In some cases, small businesses’ annual incomes as stated to the ATO were lower than the repayments on the loans. The ATO looked at 176 low doc loans, typically used by the…[Read more]

Yes I agree, though I think we should expect to at least hear Labor’s policy/thinking on this business, before the election. I tend to think they favour higher net taxation from the ‘Mum and Dad’ property investors…as in NSW Labor’s new taxes.

I also think it better, if we can challenge the strength of their commitment/statement, PRE election,…[Read more]

I see, though isn’t this similar to Aussies mobile lenders? I’m sure, bored person, that the banks may be concerned about brand dilution, however, I think this the opposite extreme, too much branding for my comfort… bias, if any, is not as obvious, or pronounced for most other brokers. They rely on the goodwill and word of mouth from satisfied…[Read more]

Just sounds like the banks selling off their mobile lenders, reducing costs, maximising profits. I can’t imagine them being accepted as much as unalligned brokers once people confirm that they are heavily biased to sell their companies product, first. Time will tell.

I investigated a MC franchise because I was impressed with their bold statement that they were ‘unbiased’. Their franchise docs are covered in it.

I’m afraid ,as I found out more about the company, I could see the opportunity for them to be quite unbiased if the will was there, so I lost interest, gut feeling that something wasn’t right…

On…[Read more]

I think people need to keep perspective in all of this… If people can keep paying their loans until the next property boom (IF), sure enough, the boom will ‘regather’ those poor neg equity lost souls, and behold, turn them into substantial positive equity ‘born agains’…happens in cycles, folks, and it’s why there are now a lot of people with…[Read more]

I would like to know more about the mob you’re thinking of, and thanks for your warning…although in the coming days of regulation, any sharks won’t be able to survive, in any case…not for very long , at least.

well they haven’t sold any franchises, as yet, as far as I know

Well I’ve never heard ‘Rob Poumako’ mentioned and they’re Vic based…I’m pretty sure you must be thinking of someone else.

I think they have a set fee, like an accountant, and have set it so that the client get better that free service ie money back.

The thing that appeals to me is the way the program has something like 500000 possible variables and how it maps out a clients financial future…one guy said it was the only thing that told him NOT to get that third ip,…[Read more]

I’m looking into a franchise, as well, I haven’t heard of any of the previous posts people involved. I attended a info night.

I don’t speak for the company, but a Lifestyle Planner (LP) will become a new type of professional that fits in between accountant and financial planner…they charge a set fee but the client can elect to have the…[Read more]