instocks...you are correct but its fraught with danger...hence...

instocks...you are correct but its fraught with danger...hence the ATO looking very closely...and the banks are offering rates above 10% for that type of borrowing....or a 1.00% premium to normal home loan rates.....
what we are looking for is a not for profit organisation to compete against the banks....just like banking was in the old days, and the building society's..
first you get depositors, then you loan that money out to home buyers,,, and pocket the difference to cover costs...no profit to members, no million dollar ceo fees

the only difference if superfunds were to play the game, is the lower tax rate, and lower corporate costs...but the superfunds still have to make a profit for members.....
I can only see a small reduction if sfunds were competing against the banks....
versus a bigger discount if govt owned and operated as above
cheers