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News

Australian Broker
brokernews.com.au > news > breaking-news > rate-war-intensifies-as-lenders-chase-rivals-customers-289932.aspx

Rate war intensifies as lenders chase rivals' customers

6+ day, 6+ hour ago   (371+ words) Lenders are cutting rates to poach rivals' customers as property values fall, even as fresh signals point to a possible RBA hike this month. Canstar data insights director Sally Tindall (pictured) said the discounting reflects a broader shift in how…...

Australian Financial Review
afr.com > companies > financial-services > mortgage-competition-is-costing-lenders-1b-a-day-20260826-p60rlo

Mortgage competition is costing lenders $1b a day

1+ week, 5+ day ago   (73+ words) AFR Mortgage borrowers are switching $1 billion across lenders every day around the country, forcing banks to fight over a shrinking pie and sharpen their efforts to retain existing customers. Around 664,000 home loan customers holding $371 billion of mortgage balances shifted lenders…...