SMH
·australia
·1 hour ago
How to benefit from the coming mortgage price war
Banks are quietly cutting mortgage rates for new borrowers as lending slumps, creating a covert price war in Australia's $2.5 trillion home loan market. Commonwealth Bank reduced variable rates by 5-8 basis points while Westpac cut up to 14 basis points, though savings remain hidden from existing customers.
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Published 02 Aug 2026, 09:00 UTC · Updated 02 Aug 2026, 09:10 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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