Leon Chen
Nov 1, 2023
1. On October 2nd, Westpac launched its latest refinance policy, which eliminates the need for eligible customers to provide bank statements to prove income and expenses when refinancing from other banks to Westpac. This significantly simplifies the approval process.
2. On October 4th, ASB lowered the income requirement for loan applications with an LVR greater than 80%. More customers will be able to obtain loans with lower down payments.
3. On October 4th, ANZ lowered the minimum loan amount for our cashback offer from $250,000 to $200,000. This means that now you can get cashback on any new loan exceeding $200,000.
4. On October 30th, ANZ adjusted its rental income calculation method, increasing the calculation percentage for rental income of properties built before March 27th, 2020, from 78% to 88%. This means that if the weekly rent is $100, the currently available calculated income is $88.
5. Major banks completed a new round of interest rate adjustments in October. The latest interest rates are shown in the figure.
