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392 posts

Ultimate Geek

# 100848 19-Apr-2012 16:08
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Floating mortgage rate - most banks advertising around the 5.5~5.99% range, centred around 5.75%.

Talked to my bank manager last year and was offered a 0.25% discount, which appears to be normal back then for anyone mentioning "other banks" that would offer them a discount.

Now things may have changed quite a bit. Have heard quite a few ppl getting 0.5% discount or more. HSBC also advertising a 5.29% 1 yr fixed rate for 500k+ loaners.

Just overheard that someone got a 4.5% floating rate from Wxxxxxx. I'm not sure if that's even possible - consider that it's lower than some 1 yr term deposit rate banks are paying out.

So, my question - what discount have you got? I'd imagine 5% floating is not completely out of question right now...

Don't mention 90 days bills - you'd be out of the average Joe league ;)

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Ultimate Geek


  # 612011 19-Apr-2012 16:17
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Hi, I got 0.5% on a first home loan.

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  # 612030 19-Apr-2012 17:04
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0.5% on my floating (for $124k).


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  # 612053 19-Apr-2012 18:02
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Which banks?

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  # 612088 19-Apr-2012 19:21
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0.5 on the floating and 0.25 on the fixed (mortgage split into two). This is with National Bank via my job. We originally looked at Westpac and they wanted to charge us an extra 0.5 on the floating rate as we only had %10 deposit.

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Ultimate Geek

  # 612670 21-Apr-2012 00:08
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I got .74% off floating at national bank,  this was done to much a rate I could of got at westpac through a professional body membership

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Ultimate Geek

  # 615367 26-Apr-2012 12:16
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kiwibank offering 4.99% 1 year fixed for 30% or more equity borrowers.

time to talk to your bank manager...

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  # 615380 26-Apr-2012 12:28
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One phone call and managed a 0.5% rate cut off my floating for the next two years (if I choose to float continuously for two years).

A few hundred bucks a month worth of savings.

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