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There’s a new mortgage war brewing

Competition is creeping up again in the mortgage market. But there’s a new battleground opening up as one bank puts the pedal to the metal.

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When Commonwealth Bank chief executive Matt Comyn stands up to deliver his bank’s December half results next Wednesday, he will be choosing his words even more carefully than usual.

With the federal election just around the corner, Comyn will want to stay below the radar – no blowout profit, no signs of hubris and plenty of talk about the role CBA plays delivering dividends to millions of Australians, either directly or via their superannuation funds.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

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    Original URL: https://www.afr.com/chanticleer/there-s-a-new-mortgage-war-brewing-20250206-p5l9zq