Australian lenders withdraw cashback offers as competition slackens
by Jonathan Barrett from World news | The Guardian on (#6DSMZ)
Several providers are still offering cashbacks as an incentive for people seeking to refinance - but they're unlikely to last long
When Australia's biggest lender, Commonwealth Bank, withdrew its cash offer for new mortgage customers earlier this year, it signalled an end to a period of vigorous competition.
Several lenders followed its lead, ending similar deals that are designed to entice borrowers to switch lenders with a cash reward.
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