Vow Voice 31st August 2017

Yesterday's positive financial results from Yellow Brick Road Holdings have been well-received by a range of commentators. We thought you might be interested to see some of the resulting media coverage.

Once again, thank you for the support and contribution from the Vow Network to achieving these results. It has been a true team effort.

Summary of Articles (click headline for link)

• Bouris not worried by slower market, The Australian Financial Review, Michael Bleby (paywalled)
• Bouris wants slice of the interest-only loan market, The Australian, Cliona O'Dowd
• Wealth expansion boosts YBR profit, Financial Observer, Daniel Paperny
• It's time' to take the lead on education: YBR, Lucy Dean, The Adviser
• YBR brings in maiden profit of $2mHome, Miklos Bolza, Australian Broker
• Loan book's growth drives YBR results, Oksana Patron, Money Management

Since we dropped interest rates a couple of weeks ago, we've had a great response from our network. We have some of the sharpest fixed and variable rates in the market, starting 3.69%. Check out our rate card to see your options. Click here to download Vow Rate Card 21 August 2017.pdf

Mick Colliss to share his humour, stories and sports poetry

Mick Colliss is an author, writer, rugby commentator, emcee, guest speaker and modern day poet. He is a gifted story teller with a very funny story to tell. As a young kid, he always dreamed about playing for Australia. In anything. He tried a number of different sports - rugby league, rugby union, swimming, cricket, surf lifesaving - even lawn bowls, all without luck. But despite the disappointments and failures, he never, ever gave up.

Then, at the age of 42, all the hard work, dedication and perseverance paid off when he finally achieved his lifelong goal of wearing the green and gold - just not in the way you might think.

A modern day poet, Mick Colliss also writes poetry people can understand and has established a wide following as a result.

He has recited his work on Channel 7, Channel 10, ABC, 6PR and 2UE and had it published in The Sydney Morning Herald, The Sunday Times, The West Australian, Australian Rugby News and Rugby League week.

SMH columnist and best selling author Peter FitzSimons voted one piece 'Sports Poem of the Year' in 2002.

Click on the video to hear one of his poems.

Interest-only lending from Australian authorised deposit-taking institutions (ADIs) fell sharply in the June quarter.

"In flow terms, interest-only lending slowed to 30% of total new loans in the June quarter, down from 36% in Q1," Tom Kennedy, economist at JP Morgan noted.

"As a result, the stock of interest-only lending contracted for the first time since 2009, with aggregate interest-only lending values slumping by $2.3 billion."

Read more at Property Observer