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Major bank announces spring rate discounts and rebate offers

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Australian Broker | 01 Sep 2015, 08:45 AM Agree 0
A major bank has announced a raft of new home loan offers, including rate discounts and cash-back incentives
  • David | 01 Sep 2015, 10:00 AM Agree 0
    Does this mean the 0.27% hike I just got hit with on a long-term investment loan and as a customer of 15 years is coming off, or am I now subsidising cuts on new products aimed solely at new business? The ugly cash grab embarked on last month blaming APRA seems to have slid past very quietly. Banks win again
  • observer | 01 Sep 2015, 11:25 AM Agree 0
    Hard to fathom the Westpac group strategy here when St George today has announced their basic home loan is now 4.09%. and ING is now 3.99%

    @David, yes you are funding the increased profitability/bonus pool that will now be accumulating. A recent article I read said that the increase in the investor rate for existing loans (remembering that APRA is only trying to curb the growth in NEW investment lending) was $1m per day.
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