Temperatures may be dipping outside, but the thermostat on Australia’s home loan market continues to rise as lenders slash rates and hand out generous cashback offers in a winter bonanza for borrowers.
Online and rival bank lenders are leading the rate cut charge, with HSBC, Macquarie, loans.com.au and Athena all dropping variable home loan rates to new lows in recent weeks.
On the cashback front, HSBC is offering a lucrative $3,288 cashback for refinancers for a limited time and Bank of Queensland has extended its popular $3,000 refinance cashback until 29 August.
Mozo money expert Kirsty Lamont said, “With all this value on the table, it’s little wonder these offers are proving popular with borrowers looking to save money on their home loan. For refinancers, now is an ideal time to compare and switch to take advantage of the serious savings on offer.”
If you'd like to start saving on your home loan sooner rather than later, take a look at some of the most competitive new offers on the market below.
TOP NEW HOME LOAN OFFERS AUGUST 2021