Australia’s largest bank has reignited the battle for home loans, offering Qantas reward points to entice customers away from mortgage brokers as lower interest rates stoke demand and the big four lenders try to fend off disruptor Macquarie.
After a pause between late 2023 and early 2024, competition for home loan customers is again rising after the Reserve Bank of Australia cut the cash rate three times following 13 consecutive rate rises from May 2022, reinvigorating the property market.
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