Banks such as NAB, ANZ, Bendigo Bank and ING have cut numerous fixed and variable home loan rates to below 3.00% p.a. in the wake of the most recent Reserve Bank interest rate cut.
The number of complaints about home loans in Australia has risen significantly amid issues with responsible lending and failures to provide assistance.
Australia's leading mutual bank representative has called on the Government to reconsider the approaching wave of banking regulation in the current low interest rate environment.