BANKER please stop it. Here is your NAB recommendation. This is just the early exit fees that u keep talking about that only exist with non banks. Well here is your NAB recommended loan and down the bottom this is what it says. Now you tell me is this not similar to the rate busters, mortgage house or any other non bank lloans. Please stop blowing hot air its creating a bubble and we know what happens with bubbles

1. Introductory Rate Home Loan is only available to new NAB home loan customers. Fee waiver applies to: one NAB credit card per customer (approval is subject to NAB's credit assessment criteria).

2. Additional prepayments above this amount during a fixed rate period may attract prepayment fees and economic costs. If you prepay the loan in full during the fixed rate period, a prepayment fee is payable and economic costs may also be payable. For NAB Introductory Rate Home Loans contracted between 24/4/06 and 22/10/06, the Early Exit Fee is payable if you repay the loan within three years of the settlement date. For loan contracts issued on or after 23 October 2006, the Early Exit Fee will be payable if the loan is repaid in full within four years of the settlement date.

Information current at 25/5/2009, subject to change.

Fees and charges are payable. Terms and conditions apply and are available on request from NAB

And im not sure about MH almost going broke. I know that the ceo was taken to court over some money owing to a former partner but it was all cleared from what i heard.   Banker answer me this. If these non banks or credit unions are so bad then why did most of them get bought out by the majors during this GFC. They wouldnt buy something if it wasnt good. Come on if it wasnt for the non banks and credit unions the banks would be charging over %10 with early fees of $10000 at least/ Its thanks to the non banks and credit unions that banks are starting to become more honest.

LOOOOL i can tell u work for a major bank. We all know that the only reason most of those non bank lenders stuffed up was because of the GFC. If ur talking about exit fees then just look at the major 4, if u want to see higher rates just look at the major 4. All u have to do is have a look at resi, Mortgage house and a few more to see how much better their deal are than the major 4. The problem is that the GFC caught everyone of guard and that includes the major 4. The major 4 where just lucky that they had australians hard earnedmoney in their accounts that they could use to bail themselves out of trouble or else they would be going down the same road and the non banks.

Hey everyone.

Look anyone that says we arent heading for some really tuff times is only kidding themselves. Yes u can still find some bargains out there like catalyst did but they are far and few between. If u can find a bargain with good rent returns then take it, only an idiot wouldnt take it regardless of world conditions. Dont buy it expecting to make a profit on a quick resale because that wont happen for a while. Now its only a matter of yields.  My mother bought a property 4 years ago on the gold coast and the price hasnt moved in 4 years. Now to top things off the tennants want to negotiate the rent so she is being forced to accpet less return even though interest rates are going up. She isnt in a good position and she isnt alone in this scenario. From my understanding is that the gold coast is going to suffer alot from an oversupply, lack of jobs and high prices.   I remember when i first moved up to the gold coast in 2000. We had alot of people move up those first few years but 6 months after moving up they moved back to sydney or melbourne because they couldnt find good work. Some even purchased properties because it was so cheap compared to sydney or melbourne but in the end they where either forced to sell for a lower price or the bank repossed the properties and sold it at cost price. I know because a friend bought 2 or 3 from banks at low prices. I dont have any properties because by the time i earned enough to actually think about purchasing the prices where at all time highs so i hesitated now ive got alot more liquidity to play with so ill be looking for bargains when they come. Meanwhile im earning 6.51% ( UBANK) on my money.

is this just an iphone application. I just hate anything apple so was looking to get a samsung or lg smart phone which also has apps but wanted to know if this was available for it as well. I might just have to bite the bullet and get myself a monopolised apple product

Im currently in the building industry and i can see what is going on in the developers minds. They simply arent building because they arent selling. in 2009 and early 2010 most of the people  buying where foreign investors who would pay anything for a house but now the government has put  laws in place to stop them from over paying and shutting australians out of the market. The effect of this is not many people are buying now because australians cant afford to buy. What alot of people dont realise is that the building industry employes a huge amount of the australian workforce, either through direct jobs in the construction phase or inderect jobs like retail, real estate, banking, mining etc etc. So we can expect unemployment to increase over the next year. Look at gold coast. I lied there for 10 years and was in the construction industry there during the boom, now its dead and about %50 of the population are struggling to pay bills because of it. They didnt deversify into other industries and now alot of people are suffering. I saw a property for sale just last week for $550k negotiable that 2 -3 years ago sold for $850k of the plan. thats all ready around %30 drop so anyone that thinks property prices wont fall are just being delusional

Hey Greg Reid. i think your model of a service fee upfront and then a refund on the commission is a really good strategy, this way the client and urself make money and no one losses. the problem is that banks might start to not offer the upfront commission and then the client will suffer but none the less i think your model is really good.