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Aaron Patrick

Home owners rack up $20,000 in bank cashbacks

An outbreak of competition in the mortgage market is good for owners, investors and renters.

Aaron PatrickSenior correspondent
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Australia’s banks – blessed by regulators who prize safety over competition – will make around $30 billion this year.

Customers are starting to learn how to get back a small chunk of this profit bonanza.

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Aaron Patrick was a senior correspondent at The Australian Financial Review.
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    Original URL: https://www.afr.com/companies/financial-services/home-investors-rack-up-20-000-in-bank-cashbacks-20230501-p5d4jt