Regional banks want level playing field
Four non-majors launched a joint submission yesterday to the Financial System Inquiry, making recommendations to increase their market competitiveness in the face of the Big Four
More banks slash fixed rates
Australia’s lenders are still competing aggressively on fixed rate home loan interest prices, which may prompt more borrowers to fix their loan over coming months.
Bank cuts two year fixed rate, again
One bank is cutting the interest rate on its two year fixed rate home loan from Wednesday, on top of reductions it made to the same loan package in February.
RBA figures show market growth
The latest Reserve Bank of Australia figures show how mortgage aggregates and the market has grown.
Non-major slashes fixed rates
Two non-major banks are following their parent bank’s lead by decreasing their three year fixed rate for new customers and existing customers switching into a new fixed rate.
Investment loans at record levels
The Reserve Bank of Australia’s latest report shows investment loans are at the highest levels ever recorded.