Lenders under the 10 per cent growth limit are using what remains of their quota to offer better terms and bigger discounts than competitors exceeding the limit and unwilling to clamp down on their current offerings.
Between March and May, the average discount on investment loans more than doubled from about 15 basis points to more than 36 basis points, according to analysis by Digital Finance Analytics (DFA), a consultancy to big banks and financial services companies.
That compares with 27 per cent growth in discounts for owner-occupied refinance, says DFA.
For example, Gateway Credit Union, a member-owned full service financial services mutual, is offering calculation of tax on rental income.
Great home loan deals from competing mortgage lenders - The Australian Financial Review
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