SUPERCEDED - Canstar€¦ · Despite increasing their margins relative to the Reserve Bank (RBA)...

` MORTGAGE STAR RATINGS

Report No. 22 September 2008

IN THIS REPORT WE LOOK AT …

Relationship rift – lenders cut brokers adrift

Money market headaches – we all suffer

Top of the ladder – which bank holds mortgage market share?

Rates in reverse – time to fix?

How secure is my lender? – time to check credentials

Tough time for housing finance – arrears climb, confidence falls

Flexible friend? – new product cuts exit fees

RELATIONSHIP RIFT: LENDERS CUT BROKERS ADRIFT

As the global credit crisis deepens, lenders have seen their profit margins squeezed to such an extent they have been forced to take drastic action. Lending practices have been thoroughly scrutinised which has resulted in many cases of broker relationships being reviewed or overhauled. Earlier in the year a number of Credit Unions, such as CU Australia, Savings & Loans, and Police & Nurses CU, stopped or reduced their broker-sourced home loan offerings. Although the credit union market is small, these three lenders account for around 40% of the $25 billion credit union mortgage market. Savings & Loans had previously sourced around 20% of its mortgage sales through brokers. Meanwhile, in a separate move which has created waves among mortgage brokers, several major banks cut their upfront broker commissions. Commonwealth Bank introduced a tiered commission structure, encouraging brokers to lodge applications online and with as little follow-up information required as possible. This followed comments by a senior bank representative that the Australian mortgage industry’s efficiency levels are ripe for improvement in regards to transfer of information between lenders and brokers. Westpac and St George also enforced significant broker commission cuts, which predictably reduced their home loan inflows via those external channels. BankWest took a slightly different approach, removing a large number of brokers from its approved list, culling those whose submissions had required greater follow-up work by the bank. In addition, the bank’s flagship Rate Tracker mortgage was pulled out of the broker channel entirely. MONEY MARKET HEADACHES: WE ALL SUFFER

Despite increasing their margins relative to the Reserve Bank (RBA) cash rates since the turn of the year, lenders are again feeling the squeeze as wholesale borrowing costs rise at an even faster pace. In July 2007, just prior to the onset of the credit crunch, the major banks’ average standard variable rates were 1.68% above the RBA cash rate. This had increased to 1.82% by the start of 2008, and has recently widened further to a 2.36% margin. Funding costs on the wholesale markets along with the increasing difficulty in obtaining those funds is proving a headache for our financial institutions which are busy trying to reduce the debt burden on their

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balance sheets. Many lenders claim to have absorbed some of the increased funding costs, presumably trying to ride the storm by not losing potential new customers in the short-term, in the hope that they will be able to retain existing customers longer-term once the credit crunch is over.

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Official Cash Rate90-day bank billAverage Home Loan Rate - 4 Major Banks

The above chart illustrates how volatile the relationship between the RBA cash rate, 90-day swap rates, and variable mortgage rates has become during recent months as the credit crunch has tightened its grip on the economy. Lenders tend to use the 90-day swap rates as a guideline on mortgage pricing, as this measure reflects the cost of funding for them. Around February / March, the 90-day rate indicated that market expectations were for the RBA cash rate to continue increasing. These expectations reversed sharply around July-August, with 90-day rates showing expected decreases in the cash rate. We can also see from this chart that earlier on in the year, the margin between mortgage rates and the 90-day swap rate was much smaller than during previous recent history, suggesting that lenders were having to absorb some of this increased funding cost themselves – subsequent months saw lenders increase their rates in order to restore their long-term margins. While mortgage rates may have been somewhat reined in compared with the rate rises chargeable to the lenders themselves, these higher funding costs have, in many cases, been passed on to borrowers in the form of higher monthly service fees, and the introduction of new fees, such as in some cases new legal, administrative, or loan servicing fees. Lenders are now seeking to focus on profit margins in order to maintain the viability of their lending operations, whereas as recently as this time last year the focus tended to be far more on

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increasing market share. Back in April, Australian Central CU’s managing director Peter Evers summed the situation up when he said that his credit union would from that point be looking to manage profitability rather than growth: “We made a decision in Sept 2007 to reduce volumes of home loans based on the pricing mismatch, because the cost of money was going through the roof.” Further highlighting the issue, ANZ’s Personal division recorded a profit decline in mortgages despite increasing its book by 13% in the 12 months to the end of the first quarter of this year, due to tighter margins caused by the credit crunch. Virgin Money stopped marketing mortgages to new customers in May, again citing high funding costs as the reason. A further rate cut or two by the RBA is widely predicted to happen before the year is out but at this stage, banks are reluctant to commit to passing the rate cuts on to customers. For them, it is a constant juggling act between dwindling money supplies, higher costs and competition for that money between internal lending divisions. It is tempting to criticise the big financial institutions for maximising their profit margins at the customer’s expense but the alternative is less palatable – withdrawing from lending altogether. TOP OF THE LADDER

According to APRA July data, a merged Westpac / St George would have Australia’s largest residential owner-occupied mortgage book at $118bn (24.3% of the $486bn market). Including residential investment properties, however, Commonwealth Bank would remain the leader in terms of market share, with 24.5% of the $722 billion market, aggregating both owner-occupied and investment residential property mortgages. RATES IN REVERSE – TIME TO FIX? On September 2nd, the RBA cut its cash rate for the first time in seven years. After a long period of money tightening to rein in excessive growth caused by the commodities boom, signs were that borrowing and spending had peaked, meaning that the numerous recent rate rises had taken the effect desired by the RBA. Many financial analysts believe that interest rates have peaked for the foreseeable future, and that they are likely to be cut further over the coming months, although the extent to which this may happen is anybody’s guess. The cost of fixed rate mortgages has been on the slide since August in anticipation of RBA rate cuts. These more attractive fixed interest rate loans are also a marketing plan to attract more customers, as recent fixed sales have been outstripped by variable home loans with consumers expecting – correctly, as it turned out from the September RBA meeting – rate cuts sooner rather than later. As at all stages of any economic cycle, a huge decision for any home loan borrower rests in deciding whether to fix your mortgage or take your chances with a variable interest rate. The answer depends solely on your individual circumstances and what you feel comfortable with. Are you comfortable taking the gamble of seeing your repayments rise and fall in line with interest rates? If you strongly believe that rates won’t go up in the near future, then you may consider a variable loan – as long as your finances allow you to make higher repayments should interest rates trend upwards again. If, instead, you are not inclined to take the gamble, or – just as importantly – your finances dictate that you must be certain what you will be paying every month, then fixing remains your best option. There is a third way of course, which is to take a split product, which allows you to fix part of the loan and keep the rest on a variable rate.



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12-month Fixed vs. Std. Variable

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The above chart shows how margins between 1-year fixed and standard variable home loans narrowed in anticipation of rising RBA cash rates, but have more recently w idened as expectations change

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HOW SECURE IS MY LENDER? In this increasingly jittery financial environment, it’s more important than ever to check your lender’s credentials. Ratings agencies such as Standard & Poor’s, Fitch, and Moody’s all offer guidelines as to the security of a bank’s credit rating – or ability to honour its financial commitments. However, the credit crunch has shown that even these established credit ratings agencies are not perfect, with numerous ratings having been downgraded after the horse had bolted. The fact that even credit ratings agencies have been caught out by the crunch tells us that we need some form of assurance that your mortgage is secure no matter what happens to your lender. Recent developments in the US and the UK have shown us how quickly an apparently strong bank can go to the wall. In the space of a week in mid-September, American investment banking giants Lehman Brothers and Merrill Lynch effectively disappeared from the market, while Morgan Stanley and Goldman Sachs changed their banking status in order to call on emergency government funding, should the need arise. Meanwhile in the UK, mortgage lending giant HBOS – which also owns BankWest – was taken over by LloydsTSB bank in a move designed to address its stressened state. LloydsTSB’s plans for BankWest will become clearer in due course. What these developments serve to illustrate is that the credit crunch’s grip on the economy causes knock-on effects globally, making it more important than ever that you check your options in case your own lender should hit any difficulties. Lenders’ circumstances can change to the point where they need to reduce their loan book, and one tactic used in these instances is to raise interest rates with the intention of losing a portion of their mortgage customers, with borrowers looking to transfer their mortgage to another, cheaper lender. The problem with this, however, is that exit fees and other associated break costs still apply, as terms & conditions of your mortgage remain unaffected. Be aware of the possibility that you may need to move your mortgage elsewhere, and prepare yourself for any likely costs that this might incur.



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Even worse, if your equity is falling, you may have trouble refinancing and find yourself locked into a high-cost mortgage. TOUGH TIME FOR HOUSING FINANCE With high interest rates and property prices added to increasing difficulties in obtaining finance since the onset of the credit crunch, mortgage arrears continue to rise. Recent data issued by Standard & Poor’s showed that monthly mortgage arrears (defined as mortgage payments being more than 30 days late) increased for the sixth successive month in May, the longest such run since this data series was commenced in the 1990s. This figure is almost 50% up on the second quarter of 2007 arrears figure of 1.02%, covering the three months immediately prior to the credit crunch outbreak in July 2007. Further data showed that in April low-doc loan arrears stood at around 2.59% compared with 1.3% for full doc, highlighting the larger risk to those lenders offering low-doc mortgages. According to data supplied by the Australian Bureau of Statistics, housing finance fell by 6.1% from April to May, seasonally adjusted. The fall was most pronounced in new-build finance, which will worry many builders, traders and suppliers. Such data suggests that potential home-buyers are holding off climbing onto the property ladder. Reasons for this are likely to include high repayment costs caused by current interest rate levels, and high property prices, currently at a multiple of around seven times the average wage* – higher than almost any other developed country in the world. FLEXIBLE FRIEND? NAB launched the Clear Banking Home Loan in July, responding to the government’s recent calls to allow borrowers to move more easily between mortgages without incurring penalty fees. Once the $600 application fee has been paid, the rest of it is plain sailing, with no early exit, discharge, settlement, or ongoing fees applicable. The interest rate is set to match the standard variable rate, which sits at 9.36% at the time of writing. * Based on income data from Australian Bureau of Statistics, February 2008 – national average gross income ~$57,000 per annum; assuming national average residential property price of approximately $400,000. DISCLAIMER To the extent that any CANNEX data, ratings or commentary constitutes general advice, this advice has been prepared by CANNEX (Aust) Pty Ltd ABN 21 053 646 165 AFSL 312804 and does not take into account your individual investment objectives, financial circumstances or needs. Information provided does not constitute financial, taxation or other professional advice and should not be relied upon as such. CANNEX recommends that, before you make any financial decision, you seek professional advice from a suitably qualified adviser. A Product Disclosure Statement relating to the product should also be obtained and considered before making any decision about whether to acquire the product. CANNEX acknowledges that past performance is not a reliable indicator of future performance. Please refer to CANNEX’s FSG for more information at www.cannex.com.au.


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mortgage star ratings

Text218: SECTION 1. SUMMARY REPORT

PublishedRate (%)

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�� "superior value"ANZ 8.77 5/m 250000.00✔Standard Variable (ProfessionalMortPkg<700k) 95%Both ✔600.00 AA✔

ANZ 8.67 340/a 250000.00✔Standard Variable (Breakfree Pkg $250-$700k) 95%Both ✔Nil AA✔

ANZ 8.77 5/m 250000.00✔Standard Variable (ANZ@work Package <$700k) 95%Both ✔400.00 AA✔

ANZ 8.67 Nil 50000.00✔Simplicity Plus 95%Both ✘600.00 AA✔

Arab Bank Australia 8.69 8/m 50000.00✔Basic Home Loan 95%P+I ✘600.00 A-✔

Bankstown City CU 8.69 Nil 25000.00✔Home Manager 97%Both ✘1140.00 N/A✔

Colonial 8.63 350/a 250000.00✔Standard Variable (Mort Adv Pkg $250k-$349k) 100%Both ✔100.00 AA✔

Commonwealth Bank 8.63 350/a 250000.00✔Complete Home Loan (Wealth Package <$750k) 100%Both ✔100.00 AA✔

Community CPS Australia 8.60 11/m 50000.00✔Basic Home Loan Variable 100%P+I ✘695.00 N/A✔

Dnister Ukrainian Credit 8.55 Nil 50000.00✘Premier Variable 95.00%P+I ✔698.00 N/A✔

Fire Services CU 8.45 Nil 25000.00✔Standard Variable 80%Both ✘548.50 N/A✔

Hume Building Society 8.15 Nil 50000.00✔Interest Saver 100%P+I ✘600.00 N/A✔

Intech Credit Union 8.95 Nil 30000.00✔Classic Home Loan 95%Both ✔835.00 N/A✔

mecu 8.55 Nil 250000.00✔Premium Home Loan $250k+ 100%P+I ✔595.00 N/A✔

Mortgage Ezy 8.49 Nil 50000.00✔Discount Var No Mort Ins 100%Both ✘810.00 N/A✔

Mortgage Ezy 8.49 99/q 50000.00✔Discount Var Fee Free 100%Both ✘810.00 N/A✔

nab 8.86 375/a 150000.00✔Standard Home Loan Var (Choice Pkg Tailored HL) 100%Both ✔Nil AA✔

Newcastle Permanent 8.64 Nil 50000.00✔Real Deal Home Loan 100%Both ✘300.00 BBB+✔

NSW Teachers CU 8.79 Nil 100000.00✔My First Home Loan 100%P+I ✘Nil N/A✔

one direct home loans 8.35 Nil 100000.00✔Variable 97.50%Both ✘310.00 N/A✔

Qantas Staff CU 8.09 Nil No min✔Home Plus Honeymoon 1yr 80%P+I ✔600.00 N/A✔

Savings & Loans Cred Un 8.67 8/m 250000.00✔Discount Variable >$250k 100%Both ✔600.00 N/A✔

Select Credit Union 8.94 Nil 40000.00✔Super Mortgage Loan 95%Both ✔727.00 N/A✔

St George Bank 8.97 375/a 250000.00✔Standard Variable (Advantage Package >$250K) 95%Both ✔100.00 A+✔

State Custodians 8.69 330/a 50000.00✔Breathe Easy Home Loan 95%Both ✘770.00 N/A✔

State Custodians 8.45 395/a 50000.00✔Standard Variable 95%Both ✘770.00 N/A✔

University Credit Soc 8.35 Nil No min✔Standard Variable 95%Both ✘609.50 N/A✔

Westpac 8.66 395/a 250000.00✔Rocket Repay Home Loan (Rocket Prem AdvPkg$250k 100%Both ✔Nil AA✔

Westpac 8.66 395/a 250000.00✔Premium Option Home Loan (Premier Advant Pkg$250 100%Both ✔Nil AA✔

Yes Home Loans 9.01 Nil 50000.00✔Credit Access 97%Both ✘1281.00 N/A✔

�� "exceptional value"BankWest 9.08 360/a 250000.00✔Lite Plus >$250k 95%Both ✔Nil AA-✔

Companion CU 8.87 Nil 10000.00✔Home Loan 95.00%Both ✘558.00 N/A✔

Credit Union Australia 8.87 Nil 250000.00✔Discounted Home Loan 97%Both ✔795.00 N/A✔

Credit Union Australia 8.60 Nil 250000.00✔Basic variable >$250k 97%Both ✘795.00 N/A✔

your guide to product excellence

Rates are correct as at 17th September 2008 Page 1 of 9RESIDENTIAL VARIABLE HOME LOAN:


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�� "exceptional value"Heritage Building Soc 8.65 250/a 250000.00✔Professional Package 90.00%Both ✔Nil BBB+✔

Holiday Coast CU 9.00 Nil 100001.00✔ 95%P+I ✔520.00 N/A✔

Holiday Coast CU 9.00 Nil 100001.00✔ 95%Both ✔580.00 N/A✔

Hume Building Society 8.65 Nil No min✔Standard Variable 100%Both ✔600.00 N/A✔

IMB Limited 8.86 Nil 200000.00✔Standard Variable (Professional Var 200-299) 100%Both ✔313.50 BBB✔

Laiki Bank 8.45 10/m 100000.00✔Options Plus Home Loan 95%Both ✔560.00 N/A✔

Maritime Mining & Power 8.79 Nil 30000.00✘First Home Loan Borrower 95%P+I ✘450.00 N/A✔

Maritime Mining & Power 8.79 Nil 30000.00✘Standard Variable 90%Both ✘875.00 N/A✔

mecu 8.55 Nil 10000.00✔Basic Variable 100%P+I ✘595.00 N/A✔

MyRate 8.53 Nil 100000.00✔Advantage Variable 95%Both ✘Nil N/A✔

nab 8.70 Nil 250000.00✔Base Var Rate Discount1 95%Both ✘600.00 AA✔

nab 8.56 10/m 20000.00✔3yr Intro Var Home Loan 95%P+I ✘600.00 AA✔

Newcastle Permanent 8.56 250/a 100000.00✔Premium Variable (Premium Plus Package) 100%Both ✔Nil BBB+✔

Orange Credit Union 8.76 Nil No min✔Standard Variable 97%Both ✘925.00 N/A✔

Qantas Staff CU 8.89 Nil No min✔Home Essentials 80%P+I ✘600.00 N/A✘

Qantas Staff CU 9.09 Nil No min✔Home Plus Variable 80%P+I ✔600.00 N/A✔

RAMS Home Loans 8.69 Nil 50000.00✔Basic 100%Both ✘845.00 N/A✔

Rate Busters 8.47 Nil 50000.00✔FastTrak Variable 95%Both ✘2045.00 N/A✔

TAFE & Community CU 8.69 Nil 5000.00✔Home Loan 95%P+I ✘1265.00 N/A✔

�� "strong value"Adelaide Bank 9.00 10/m 250000.00✔Standard Variable <250k (Std Variable Exec Pkg) 100%Both ✔300.00 BBB+✔

Alliance One CreditUnion 8.85 Nil 250000.00✔Discount Variable >$250K 100%IO ✔1068.88 N/A✔

AMP Banking 8.67 349/a 100000.00✔Select T2 Variable Pkg 100%Both ✔645.00 A-✔

AMP Banking 8.77 349/a 250000.00✔Classic Variable Rate (Prof Pkg Var <$750k) 100%Both ✔545.00 A-✔

AMP Banking 8.77 Nil 40000.00✔Basic Variable Rate Loan 100%Both ✔545.00 A-✔

AMP Banking 8.67 349/a 250000.00✔Prof Pkg Intro <$750k 100%Both ✔545.00 A-✔

API Home Loans 8.85 Nil 30000.00✔Standard Variable 100%Both ✘543.00 N/A✔

Australian Central CU 8.67 325/a 250000.00✔Standard Variable (Standard Var >250k Pkg) 95%Both ✔Nil N/A✔

Australian Central CU 8.77 Nil 100000.00✔Discount Variable Rate 95%Both ✔905.00 N/A✔

Australian Defence CU 8.34 Nil 30000.00✔Budget Home Loan 95%P+I ✘300.00 N/A✔

Awesome Mortgages 8.90 Nil 50000.00✔Homeloan Std Variable 97%Both ✘960.00 ✔

Awesome Mortgages 8.95 Nil 50000.00✔Prime Loan 97%Both ✘960.00 ✔

Bank of Cyprus Australia 8.65 8/m 30000.00✔Essential Home Loan 95%Both ✘827.50 N/A✔

Bank of Queensland 8.67 375/a 250000.00✔Standard Variable (Standard Var Pkg >$250k) 100%Both ✔100.00 BBB+✔

Bank of Queensland 8.79 10/m No min✔Economy Home Loan 100%Both ✘695.00 BBB+✔




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�� "strong value"Capricornia CU 8.53 Nil No min✘Premier Plus 95%Both ✔990.00 N/A✔

CHS Home Loans 8.65 8/m 10000.00✔3 year Spec Rate Saver 97%Both ✘700.00 N/A✘

Coastline Credit Union 8.34 8/m 150000.00✘Minimiser Home Loan 95%P+I ✘755.00 N/A✔

Colonial 9.33 8/m 10000.00✔Standard Variable 100%Both ✔700.00 AA✔

Colonial 8.65 Nil 10000.00✘3 year Spec Rate Saver 100%Both ✘100.00 AA✔

Commonwealth Bank 9.33 8/m 10000.00✔Complete Home Loan 100%Both ✔550.00 AA✔

Commonwealth Bank 8.30 8/m 10000.00✔12mth Disc Var Home Loan 97%Both ✔700.00 AA✔

Commonwealth Bank 8.65 Nil 10000.00✘Economiser Intro 3yr 100%P+I ✘100.00 AA✔

Community CPS Australia 9.30 Nil 10000.00✔Standard Variable 95%Both ✘695.00 N/A✔

Community First CU 8.75 Nil 100000.00✔True Basic Home Loan 95.00%P+I ✘1003.18 N/A✔

Companion CU 9.17 Nil 10000.00✔Lifestyle Plus 95.00%Both ✔Nil N/A✔

Credit Union Australia 9.22 Nil No min✔Standard Variable 97%Both ✔795.00 N/A✔

FCCS Credit Union 8.65 Nil 250000.00✔Discount Home Loan >250K 95%Both ✘956.50 N/A✔

Gateway Credit Union 8.79 Nil 20000.00✔Standard Variable 80%Both ✔600.00 N/A✘

Heritage Building Soc 8.65 Nil 50000.00✔Basic Variable 90%P+I ✘600.00 BBB+✔

Homestar Finance 8.95 Nil 50000.00✔Intro 1yr Construction 95%IO ✘595.00 N/A✔

Homestar Finance 8.60 Nil 50000.00✔Standard Variable 97%Both ✘595.00 N/A✔

Horizon Credit Union 8.70 150/a 10000.00✔Mortgage Breaker 80%P+I ✔785.00 N/A✔

Horizon Credit Union 8.70 5/m No min✔Basic Home Loan 95%Both ✘935.00 N/A✔

Illawarra CU NSW 8.67 8/m 30000.00✘Basic Home Loan 95%P+I ✘957.50 N/A✔

IMB Limited 8.88 Nil 75000.00✔Budget Blue Home Loan 100%Both ✘758.50 BBB✔

IMB Limited 8.51 10/m 75000.00✔Budget Home Loan 100%Both ✘758.50 BBB✔

ING Direct 8.74 Nil 50000.00✔Mortgage Simplifier 95%Both ✘220.00 AA✔

mecu 8.44 Nil 10000.00✔First Home Buyers Loan 100%P+I ✔595.00 N/A✔

Members Equity Bank 8.79 Nil 40000.00✔Std Var Super Member 95%P+I ✘Nil BBB✔

Members Equity Bank 9.09 Nil 50000.00✔Ultimate Super Member 95%P+I ✔Nil BBB✔

Mortgage House of Aust 8.74 Nil 50000.00✔Freedom Home Loan 90.00%P+I ✘500.00 N/A✔

Mortgage House of Aust 8.54 Nil 200000.00✔Pure Basic 76.00%P+I ✘599.95 N/A✔

Newcastle Permanent 9.04 Nil No min✔Real Options 100%Both ✘Nil BBB+✔

Newcastle Permanent 9.26 7/m No min✔Premium Variable 100%Both ✔Nil BBB+✔

Newcastle Permanent 8.34 Nil No min✔1yr Discounted Rate 100%Both ✘300.00 BBB+✔

NSW Teachers CU 9.00 Nil 20000.00✔Flexi Choice 95%P+I ✘400.00 N/A✔

NSW Teachers CU 9.00 Nil 20000.00✔Variable Loan IO 95%IO ✘400.00 N/A✔




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�� "strong value"Pacific Mortgage Corp 8.99 Nil 30000.00✔Premium Access 95%Both ✘654.50 N/A✔

Pacific Mortgage Corp 8.24 Nil 30000.00✔12mth Variable Discount 95%Both ✘654.50 N/A✔

Pacific Mortgage Corp 7.44 Nil 30000.00✔6 mth Variable Discount 95%Both ✘654.50 N/A✔



Police CU SA 8.90 10/m 50000.00✔Discount Variable 100%P+I ✔781.08 N/A✔

Powerstate Credit Union 9.32 Nil 5000.00✔Standard Variable 97%Both ✔732.25 N/A✔

Qantas Staff CU 8.79 Nil 250000.00✔Step Ahead Var <$500K 95.00%IO ✔Nil N/A✔

Qld Police Credit Union 8.63 Nil 250000.00✔Select Home Loan (Select Home Loan <$350k) 100%Both ✘830.00 N/A✔

QuickDirect Online Mort 8.54 Nil 50000.00✔Variable Loan 95%Both ✘Nil N/A✔

RAMS Home Loans 8.99 120/a 25000.00✔Smartway 100%Both ✘845.00 N/A✔

Rate Busters 8.72 Nil 80000.00✔Fast Trak Fee Buster 95%Both ✘1770.00 N/A✔

RESI Mortgage Corp 8.94 Nil 30000.00✔Complete Home Loan 95%Both ✘616.00 N/A✔

RTA Staff CU 8.54 Nil 100000.00✘Fastroad Basic Home Loan 95%P+I ✘648.00 N/A✔

Satisfac Credit Union 8.45 Nil 250000.00✘Smart Loan Var <1.250M 95%P+I ✘815.00 N/A✔

SERVICE ONE Members Bank

9.00 8/m 20000.00✔Standard Var Home Loan 97%Both ✔600.00 N/A✔

St George Bank 8.95 Nil 30000.00✘Negotiated Basic H/L 95%Both ✘600.00 A+✔

St George Bank 8.54 10/m 10000.00✔Discount Variable Rate 95%Both ✔700.00 A+✔

St George Bank 9.67 10/m 10000.00✔Standard Variable 95%Both ✔700.00 A+✔

SUNCORP 8.84 Nil 10000.00✔Back To Basics 100%Both ✘600.00 A+✔

SUNCORP 8.72 25/m 250000.00✔Standard Variable (MMger Stnd Var $250k+) 100%Both ✔Nil A+✔

Sydney Credit Union 8.58 Nil 25000.00✔Basic Home Loan 100.00%P+I ✘768.00 N/A✔

TIO Banking 8.75 349/a 250000.00✔Standard Variable (Extra Miles >$250k) 95%Both ✔400.00 N/A✔

Victoria Teachers CU 8.47 Nil No min✔Basic Home Loan 95%P+I ✘600.00 N/A✔

Victoria Teachers CU 8.97 Nil No min✔Offset Home Loan 95%Both ✔600.00 N/A✔

Westpac 9.36 199/a 25000.00✔Rocket Repay Home Loan 100%Both ✔600.00 AA✔

Wizard Home Loans 8.64 295/a 250000.00✔Smart Choice Loan (VIP Advantage <$500K) 100%Both ✘645.00 N/A✔

Wizard Home Loans 8.71 Nil 50000.00✔Clear Value 100%Both ✘760.00 N/A✔

� "rising star"Acura Finance 8.75 Nil 30000.00✔Premium 95%Both ✘Nil N/A✔

Acura Finance 8.60 Nil 30000.00✔Rate Buster 95%Both ✘1397.00 N/A✔

First Option CreditUnion 8.54 Nil 5000.00✔Mortgage Secured 95%P+I ✔712.00 N/A✔

Homestar Finance 8.45 395/a 30000.00✔Fleximax Variable 100%Both ✘1615.00 N/A✔

Loan Australia Corp 8.50 Nil 100000.00✔Optimiser Plus Variable 95%Both ✘350.00 N/A✔

Macquarie Credit Union 8.25 Nil 150000.00✘Power Home Loan 95%Both ✘720.00 N/A✔




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� "rising star"Maxim Home Loans 8.89 Nil 30000.00✔Maximiza Home Loan 95.00%Both ✘754.00 N/A✔

Maxim Home Loans 8.79 330/a 250000.00✔Maximiza H/Ln Pro Pack 95%Both ✘673.00 N/A✔

RAMS Home Loans 8.69 300/a 250000.00✔Smartway ProPack1 100%Both ✘845.00 N/A✔

RESI Mortgage Corp 8.60 Nil 30000.00✔Switch n Save 24m Intro 100.00%Both ✘616.00 N/A✔

�� "average value"A M O Group 7.87 Nil 100000.00✘Rate Saver Home Loan 80%P+I ✘1515.00 N/A✘

Adelaide Bank 9.00 10/m 250000.00✔Standard Variable >250k 100%Both ✔695.00 BBB+✔

AIMS Home Loans 9.06 Nil 50000.00✔Gold Standard Variable 95%Both ✔660.00 N/A✔

Alliance One CreditUnion 9.05 Nil 150000.00✔Discount Variable >$150K 100%P+I ✔1068.88 N/A✔

ANZ 9.37 5/m No min✔Standard Variable 95%Both ✔600.00 AA✔

Arab Bank Australia 7.99 8/m 50000.00✔HeadStart 12mth IntroVar 95%P+I ✘600.00 A-✔

Arab Bank Australia 9.40 Nil 15000.00✔Standard Variable 95%Both ✘600.00 A-✔

Bananacoast Community CU 8.45 Nil 250000.00✘Premier Variable 100%Both ✔740.00 N/A✔

BankWest 9.18 Nil 20000.00✔Lite Home Loan 95%Both ✘500.00 AA-✔

Circle Credit Co-op 8.95 Nil 50000.00✔Rate Saver 90%Both ✘1000.00 N/A✔

Citibank 8.85 Nil 50000.00✔Basic Variable 100%Both ✘250.00 AA+✔

Citibank 9.04 350/a 200000.00✔Standard Offset Variable (Mortgage Plus Off200<300) 100%Both ✔250.00 AA+✔

Colonial 8.82 8/m 10000.00✘Rate Saver Int Only 100%IO ✘700.00 AA✔

Colonial 8.82 8/m 10000.00✘Rate Saver HL P&I 100%P+I ✘700.00 AA✔

Commonwealth Bank 8.82 8/m 10000.00✘Economiser HL P & I 100%P+I ✘700.00 AA✔

Community First CU 8.60 395/a 250000.00✘True Prof Large Loan 95.00%P+I ✔1002.00 N/A✔

Credit Union Australia 8.29 Nil No min✔Introductory 1yr Var 97%Both ✔795.00 N/A✔

Credit Union Australia 8.69 Nil No min✔Better Start Home Loan 97%Both ✔795.00 N/A✔

Defence Force CU 9.10 200/a 50000.00✔Flexi Choice Variable 95.00%P+I ✔300.00 N/A✔

Family First CU 8.40 Nil 20000.00✘Standard Variable 90%P+I ✘1036.00 N/A✔

Greater Building Society 9.05 Nil No min✔Standard Variable 95%Both ✘Nil BBB+✔

Heritage Building Soc 9.29 Nil 20000.00✔Premium Variable 90%Both ✔600.00 BBB+✔

Holiday Coast CU 9.20 Nil 100001.00✔ 95%Both ✘580.00 N/A✔

Horizon Credit Union 9.10 Nil No min✔Classic Home Loan 95%Both ✘Nil N/A✔

HSBC 8.85 20/m 150000.00✔Home Smart Variable (Power Vantage Package) 95.00%Both ✘525.00 AA✔

HSBC 8.67 Nil 100000.00✔Home Value 95.00%Both ✘825.00 AA✔

Hunter United Credit Un 8.89 2/m 150000.00✔Basic Variable 95%P+I ✘830.00 N/A✔

Hunter United Credit Un 8.99 2/m No min✔Standard Variable (Standard Variable Pkg) 95%P+I ✘730.00 N/A✔

IMB Limited 8.31 10/m 10000.00✔Discount Var 1 yr 100%Both ✘758.50 BBB✔

IMB Limited 9.31 Nil 10000.00✔Standard Variable 100%Both ✔758.50 BBB✔




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�� "average value"Lifeplan Funds Managemnt 8.74 Nil 20000.00✔FlexiSmart Home Loan 100%P+I ✘497.13 N/A✔

Maroondah Credit Union 8.80 Nil 15000.00✔Standard Variable 95%Both ✔1216.00 N/A✔

Members Equity Bank 9.14 Nil 40000.00✔Standard Variable 95%P+I ✘Nil BBB✔

Members Equity Bank 9.44 Nil 50000.00✔Ultimate Offset 95%P+I ✔Nil BBB✔

Mortgage House of Aust 8.04 Nil 50000.00✔Intro Thrifty Access 90%P+I ✘599.95 N/A✔

Mortgage House of Aust 8.69 Nil 50000.00✔Thrifty Access 90.00%P+I ✘599.95 N/A✔

nab 8.27 10/m 20000.00✔12mth Intro Var HomeLn 95%P+I ✘600.00 AA✔

nab 9.36 8/m 20000.00✔Standard Home Loan Var 100%Both ✔600.00 AA✔

New England CU NSW 8.95 Nil No min✔Home Loan Redi-Draw 95%Both ✘375.00 N/A✔

Police Credit 9.14 Nil 10000.00✔Variable Loan 90%Both ✘856.25 N/A✔

Qld Professional CU 8.95 10/m No min✘Friendly Home Loan 95%Both ✔679.00 N/A✔

Railways Credit Union 8.60 5/m 50000.00✘Economy Home Loan (L50) 80%P+I ✘200.00 N/A✔

RESI Mortgage Corp 8.14 Nil 30000.00✘Low Start 95%Both ✘1166.00 N/A✔

Satisfac Credit Union 8.35 Nil 100000.00✘First Home Loan 95%P+I ✘815.00 N/A✘

Savings & Loans Cred Un 9.37 Nil 20000.00✔Standard Variable 100%Both ✘600.00 N/A✔

Uni Credit Union 8.55 10/m 50000.00✘Everyday Basic HomeLn 95.00%P+I ✘950.00 ✔

Unicom Credit Union 8.67 8/m 30000.00✘Basic Home Loan 95%P+I ✘957.50 N/A✔

United Credit Union 9.37 8/m No min✔Access Plus Home Loan 95%Both ✘600.00 N/A✔

Warwick Credit Union 8.89 5/m 20000.00✔Essential Home Loan 95.00%Both ✘1082.00 N/A✔

Westpac 9.36 8/m 10000.00✔Premium Option Home Loan 100%Both ✘600.00 AA✔

Westpac 8.78 Nil 40000.00✘First Option Home Loan 97%P+I ✘150.00 AA✔

Wizard Home Loans 9.29 Nil 50000.00✔Smart Choice Loan 100%Both ✘760.00 N/A✔

� "satisfactory value"ABS Building Society 9.15 Nil No min✔Variable - New customers 95%P+I ✔840.00 N/A✔

Adelaide Bank 8.87 Nil 50000.00✔Greatsaver 100%P+I ✘695.00 BBB+✔

Adelaide Bank 8.99 10/m 10000.00✔SmartFit Variable 90%Both ✔695.00 BBB+✔

AIMS Home Loans 9.61 Nil 50000.00✔Complete Variable 95%Both ✘660.00 N/A✔

Alliance One CreditUnion 9.35 Nil 10000.00✔Standard Variable Rate 100%P+I ✔1068.88 N/A✔

Alliance One CreditUnion 9.00 Nil 10000.00✔Stand Var for RoxbyDowns 97%P+I ✔1068.88 N/A✔

Alliance One CreditUnion 7.99 Nil 10000.00✔12mth Discount Variable 100%P+I ✔1068.88 N/A✔

AMP Banking 9.42 10/m 40000.00✔Classic Variable Rate 100%Both ✔895.00 A-✔

Arab Bank Australia 7.09 8/m 50000.00✔HeadStart 6mth Intro Var 95%P+I ✘600.00 A-✔

Aussie Home Loans 8.84 Nil 50000.00✔Basic Variable 95%Both ✘600.00 N/A✔

Aussie Home Loans 8.90 40/q 200000.00✔Premium Plus <$350k 95%Both ✘350.00 N/A✔




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� "satisfactory value"Austral Mortgage 9.05 299/a 100000.00✔Investor Advantage 85%Both ✘250.00 N/A✔

Austral Mortgage 9.30 Nil 50000.00✔Homebuyer Plus 90%Both ✔350.00 N/A✔

Australian Defence CU 8.84 Nil 30000.00✔Standard Variable Offset 95%Both ✘300.00 N/A✔

Bank of Queensland 9.37 8/m No min✔Standard Variable 100%Both ✔595.00 BBB+✔

BankSA 9.42 10/m 10000.00✔Standard Variable 95%Both ✔700.00 A+✔

BankSA 8.29 10/m 10000.00✔Discount Great Start 95%Both ✔700.00 A+✔

BankSA 9.32 10/m 10000.00✔Standard Variable (Workplace Package Var) 95%Both ✔600.00 A+✔

BankWest 8.60 Nil 20000.00✔Mortgage Shredder 1y Var 95%Both ✔700.00 AA-✔

BankWest 9.55 Nil 20000.00✔Mortgage Shredder 95%Both ✔700.00 AA-✔

BMC Mortgage 9.15 Nil 250000.00✔Premium Choice Variable 97%Both ✘725.00 N/A✔

BMC Mortgage 9.10 Nil 50000.00✔Challenger Variable 90%Both ✘660.00 N/A✔

Capricornia CU 9.03 Nil No min✘Standard Variable 95%Both ✔400.00 N/A✔

CHS Home Loans 8.82 8/m 20000.00✘Rate Saver Home Loan 100%Both ✘700.00 N/A✘

CHS Home Loans 9.33 8/m 10000.00✔Standard Home Loan 97%P+I ✘700.00 N/A✔

Citibank 9.54 8/m 50000.00✔Standard Offset Variable 100%Both ✔649.00 AA+✔

Citibank 9.04 350/a 200000.00✔Standard Variable (Mort Plus Std Var <$300k) 100%Both ✔250.00 AA+✔

Coastline Credit Union 8.79 8/m 50000.00✘Options Home Loan 95%P+I ✘755.00 N/A✔

Coastline Credit Union 7.04 8/m 250000.00✘Intro Rate Option 95%P+I ✘755.00 N/A✔

Collins Home Loans 9.07 345/a 250000.00✔Professional 95.00%Both ✘870.00 N/A✔

Collins Home Loans 9.04 Nil 50000.00✔Standard Variable 95%Both ✘870.00 N/A✔

Colonial 8.30 8/m 10000.00✔12mth Disc Var Home Loan 97%Both ✔700.00 AA✘

Community CPS Australia 9.30 Nil 10000.00✔Parent Variable 95%Both ✘845.00 N/A✔

Community First CU 9.30 Nil 10000.00✔True Value Var HL 95.00%Both ✔11003.18 N/A✔

Community First CU 8.80 395/a 100000.00✘True Value Var HL (True Professional HL) 95.00%P+I ✔1003.18 N/A✔

Defence Force CU 8.84 Nil 50000.00✘True Value Home Loan 95.00%P+I ✘400.00 N/A✔

Easy Street Fin Services 8.75 Nil 100000.00✘EasyStreet Basic Var 95%P+I ✘503.18 N/A✔

ECU Australia 9.35 Nil 10000.00✔Premium Variable Home Ln 100.00%P+I ✔800.00 N/A✔

Encompass Credit Union 8.99 Nil No min✔Mortgage Loan 95%Both ✘910.00 N/A✔

FCCS Credit Union 8.65 395/a 250000.00✔Premium Variable > $250K 95%Both ✘485.00 N/A✔

FCCS Credit Union 8.80 Nil 250000.00✘Home Loan Variable>$250k 95%Both ✘Nil N/A✔

First Choice CreditUnion 8.85 Nil 30000.00✘Home Loan Variable 90%P+I ✘697.00 N/A✔

GE Money 8.87 295/a 250000.00✔Flexible Option Var >250 95.00%Both ✘Nil N/A✔

Greater Building Society 9.25 5/m No min✔Mortgage Express 95%P+I ✘Nil BBB+✔

Heritage Building Soc 9.13 5/m 20000.00✔Standard Variable 90%Both ✔600.00 BBB+✔




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� "satisfactory value"Homeloans 8.89 Nil 50000.00✔Smart Saver 95%Both ✘989.00 N/A✔

Homeloans 9.36 Nil 10000.00✔Balanced Special 90%Both ✔894.00 N/A✔

HomeSide Lending 8.94 Nil 50000.00✔Plain and Simple P+I 95.00%Both ✘300.00 AA✔

HomeSide Lending 8.89 10/m 250000.00✘Reducible Mortgage (HomePlus Package Rate 2) 95.00%Both ✔600.00 AA✔

HSBC 9.35 Nil 50000.00✔Standard Variable 95.00%Both ✘825.00 AA✔

HSBC 8.85 20/m 150000.00✔Home Smart Variable (Home Smart PowerVtge Pkg) 97.00%P+I ✘525.00 AA✔

HSBC 8.22 Nil 50000.00✔1 Yr Discount Variable 97.00%Both ✘825.00 AA✔

HSBC 8.35 Nil 80000.00✔HomeSmart Intro 1 year 95.00%P+I ✘825.00 AA✔

Hunter Mutual 8.65 Nil 10000.00✘Basic Home Loan Variable 95%P+I ✘850.00 N/A✔

Hunter United Credit Un 9.29 2/m No min✔Standard Variable 95%P+I ✘730.00 N/A✔

Hunter United Credit Un 9.35 2/m 150000.00✘No Deposit 100%P+I ✘730.00 N/A✔

Illawarra CU NSW 9.15 Nil 30000.00✘Standard Variable 95%P+I ✘957.50 N/A✔

Industries Mutual CU 8.65 Nil 250000.00✘True Advantage Plus Pkg 95.00%P+I ✘600.00 ✔

La Trobe Country Credit 8.55 Nil No min✘Basic Home Loan 95%P+I ✘585.00 N/A✔

Loan Australia Corp 9.02 Nil 50000.00✔100% Finance Var Loan 100%Both ✘735.00 N/A✔

Loan Australia Corp 8.91 Nil 50000.00✔Flexi-Plus Variable 95%Both ✘1085.00 N/A✔

Loan Australia Corp 8.90 Nil 50000.00✔Optimiser Variable 95%Both ✘1085.00 N/A✔

Macquarie Credit Union 8.75 Nil 10000.00✘Home Loan Variable 95%Both ✘720.00 N/A✔

Maitland Mutual BS 8.99 Nil 50000.00✘Mutual Home Loan 100%Both ✘300.00 N/A✔

mecu 9.05 Nil 10000.00✔Premium Home Loan 100%P+I ✔595.00 N/A✔

Memberfirst Credit Union 8.85 Nil 100000.00✘Premium Var 100% Off 95%P+I ✔795.00 N/A✔

New England CU NSW 8.95 Nil No min✔Mortgage Breaker 95%P+I ✔375.00 N/A✘

Police & Nurses Credit 8.72 5/m 20000.00✘Easypay Variable 95%Both ✔650.00 N/A✔

Police CU SA 9.50 Nil 30000.00✔Variable Rate Home Loan 100%Both ✔781.08 N/A✔

Qld Police Credit Union 8.63 Nil No min✔Basic Home Loan 100%P+I ✘830.00 N/A✘

Qld Police Credit Union 9.13 Nil 50000.00✔Standard Variable 100%Both ✘830.00 N/A✔

Qld Professional CU 9.45 Nil No min✘Standard Variable 95%Both ✔679.00 N/A✔

Qld Teachers CU 9.24 Nil 20000.00✔Mortgage Breaker 100%P+I ✔515.00 N/A✔

Railways Credit Union 8.65 Nil 50000.00✘First Home Loan (L60) 97%P+I ✘550.00 N/A✔

Railways Credit Union 9.10 Nil 5000.00✘Home Mortgage Loan (L19) 97%P+I ✘550.00 N/A✔

RAMS Home Loans 8.54 300/a 100000.00✔IO Maximiser 100%IO ✘845.00 N/A✘

RAMS Home Loans 9.29 Nil 50000.00✔Standard Variable 100%Both ✘845.00 N/A✔

Rate Busters 9.00 Nil 80000.00✔Fee Buster Variable 95%Both ✘220.00 N/A✔

RTA Staff CU 9.24 Nil 10000.00✘Standard Variable 95%P+I ✘398.00 N/A✔


8.50 8/m 20000.00✔Basic Home Loan 97%Both ✘600.00 N/A✘




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� "satisfactory value"SGE Credit Union 9.49 Nil 20000.00✔Premium Variable 97%P+I ✔590.00 N/A✔

SUNCORP 9.42 10/m 10000.00✔Standard Variable 100%Both ✔600.00 A+✔

Sutherland Credit Union 9.41 Nil 50000.00✔Home Plus 95%P+I ✔1055.00 N/A✔

Sydney Credit Union 9.14 Nil 25000.00✔Mortgage Secured Loan 100.00%Both ✔768.00 N/A✔

TIO Banking 8.63 10/m 100000.00✘Territory Interest >100k 95%P+I ✘1180.00 N/A✔

Uni Credit Union 9.05 Nil No min✔Everyday Home Loan 95.00%P+I ✘728.00 ✔

Uni Credit Union 8.65 250/a 250000.00✘Educators Package <$500k 95%P+I ✘Nil ✔

Unicom Credit Union 9.15 Nil 30000.00✘Standard Variable 95%P+I ✘957.50 N/A✔

United Credit Union 9.15 8/m No min✔Classic Home Loan 95%Both ✘750.00 N/A✘

Warwick Credit Union 9.22 5/m 15000.00✔Premium Home Loan 95%Both ✔982.00 N/A✔

Warwick Credit Union 9.47 Nil 10000.00✔Classic Home Loan 95%Both ✔982.00 N/A✔




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1 YEAR FIXED RATE HOME LOAN

�� "superior value"Lifeplan Funds Managemnt 8.69 Nil 600,000.00✔FlexiSmart 1 year Fixed 100%P+I ✘497.13 N/A

Lifeplan Funds Managemnt 8.69 Nil 600,000.00✔1 Year Fixed 100%P+I ✘675.00 N/A

Powerstate Credit Union 8.49 Nil No max✔1 Year Fixed 97%P+I ✔732.25 N/A

Qantas Staff CU 8.69 Nil 3,000,000.00✔Options 1 year Fixed 80%Both ✘600.00 N/A

Qld Professional CU 8.45 Nil No max✔1 Year Fixed 95%Both ✔679.00 N/A

RTA Staff CU 8.74 Nil No max✔1 year Fixed 95%P+I ✘433.00 N/A

�� "exceptional value"ABS Building Society 9.15 Nil No max✔1 Year Fixed 95%P+I ✔840.00 N/A

Adelaide Bank 8.59 10/m No max✔1 Year Fixed 100%Both ✔695.00 BBB+

ANZ 8.39 10/m No max✔1 Year Fixed 95%Both ✔600.00 AA

Arab Bank Australia 8.39 8/m No max✘1 year Fixed 95%Both ✘600.00 A-

Credit Union Australia 8.59 Nil No max✔1 Year Fixed 97%Both ✔795.00 N/A

Gateway Credit Union 8.79 Nil No max✔1 year Fixed 80%Both ✘600.00 N/A

Illawarra CU NSW 9.10 Nil No max✔1 Year Fixed 95%Both ✘957.50 N/A

Members Equity Bank 8.80 Nil No max✔Super Member 1yr Fixed 95%P+I ✘Nil BBB

nab 8.39 8/m No max✔Standard HL 1yr Fixed 100%P+I ✘600.00 AA

Newcastle Permanent 8.39 Nil No max✔1 year Fixed 100%Both ✘300.00 BBB+

one direct home loans 7.99 Nil No max✔1 year fixed 97.50%Both ✘310.00 N/A

Orange Credit Union 8.39 Nil No max✔1 year Fixed 97%P+I ✘525.00 N/A

Unicom Credit Union 9.10 Nil No max✔1 Year Fixed 95%Both ✘957.50 N/A

�� "strong value"BankWest 8.99 12/m No max✔1 Year Fixed 95%Both ✘700.00 AA-

Bendigo Bank 8.89 8/m No max✔1 Year Fixed 97%Both ✘710.00 BBB+

Coastline Credit Union 8.99 Nil No max✔1 Year Fixed 95%P+I ✘755.00 N/A

Greater Building Society 8.35 Nil No max✔12 mth Fixed 95%P+I ✘Nil BBB+

Homestar Finance 8.19 Nil 2,000,000.00✔1yr Fixed 95%Both ✘595.00 N/A

Hume Building Society 8.40 Nil 2,000,000.00✔1 year Fixed 100%P+I ✘600.00 N/A

IMB Limited 8.59 6/m No max✔1 Year Fixed 100%Both ✘758.50 BBB

Members Equity Bank 9.00 Nil No max✔1 year Fixed 95%P+I ✘Nil BBB

MyRate 8.40 Nil 2,000,000.00✔1 year Fixed 95%Both ✘Nil N/A

nab 8.49 8/m No max✔Tailored Hl 1yr Fixed IO 100%IO ✘600.00 AA

NSW Teachers CU 8.99 Nil No max✘Option 1 year Fixed 95%P+I ✘400.00 N/A

QuickDirect Online Mort 8.44 Nil No max✔1 year Fixed 95%Both ✘Nil N/A

Savings & Loans Cred Un 8.99 8/m No max✔Discount 1 year Fixed 100%Both ✔600.00 N/A

University Credit Soc 8.39 Nil No max✘1 Year Fixed 95%Both ✘609.50 N/A


Rates are correct as at 17th September 2008 Page 1 of 3RESIDENTIAL 1 YEAR FIXED:


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�� "strong value"Victoria Teachers CU 8.69 Nil No max✔Standard 1 year Fixed 95%Both ✘600.00 N/A

Westpac 8.49 8/m No max✔1 Year Fixed 100%Both ✘600.00 AA

� "rising star"First Option CreditUnion 8.89 Nil No max✔1 year fixed 95%P+I ✔712.00 N/A

�� "average value"Bank of Queensland 8.44 8/m No max✔1 Year Fixed 100%Both ✔595.00 BBB+

Commonwealth Bank 8.69 8/m No max✔1 Year Fixed 97%Both ✘700.00 AA

Community CPS Australia 8.85 Nil 2,000,000.00✔1 Year Fixed 95%Both ✘695.00 N/A

Community First CU 9.00 Nil No max✔True 1 year Fixed 100.00%P+I ✔914.00 N/A

Heritage Building Soc 8.49 5/m No max✔1 Year Fixed 90%Both ✘600.00 BBB+

HSBC 8.99 Nil 7,500,000.00✔1 Year Fixed 97.00%Both ✘825.00 AA

ING Direct 8.69 Nil 2,000,000.00✔1 Year Fixed 95%Both ✘719.00 AA

mecu 8.69 Nil 750,000.00✘1 Year Fixed 100%P+I ✘Nil N/A

Memberfirst Credit Union 9.05 Nil No max✘1 year Fixed 95%P+I ✘795.00 N/A

New England CU NSW 8.69 Nil 1,000,000.00✘Home Loan Steady Rate 1 95%P+I ✘375.00 N/A

NSW Teachers CU 9.09 Nil No max✘1 year IO Fixed 95%IO ✘400.00 N/A

Police CU SA 8.89 Nil No max✔1 year Fixed 100%Both ✘781.08 N/A

Savings & Loans Cred Un 9.09 Nil No max✔1 year Fixed 100%Both ✔600.00 N/A

St George Bank 8.54 10/m No max✔1 year Fixed 95%Both ✘700.00 A+

Warwick Credit Union 9.30 5/m No max✔Premium 1 year Fixed 95%Both ✔982.00 N/A

� "satisfactory value"AIMS Home Loans 9.61 Nil 2,000,000.00✘1 year Fixed 95%Both ✘660.00 N/A

AMP Banking 8.69 Nil 2,500,000.00✔1 Year Fixed 100%Both ✘545.00 A-

Aussie Home Loans 8.49 Nil No max✔1 Year Fixed 95%Both ✘600.00 N/A

Austral Mortgage 9.05 Nil 5,000,000.00✔Advantage Plus 1yr Fixed 90%Both ✔350.00 N/A

Bananacoast Community CU 9.15 Nil 7,000,000.00✔1 year Fixed 100%Both ✘740.00 N/A

BankSA 8.54 10/m No max✔1 Year Fixed 95%Both ✘700.00 A+

CHS Home Loans 8.69 8/m No max✔1 year Fixed 97%P+I ✘700.00 N/A

Citibank 8.89 8/m 4,000,000.00✔1 year Fixed 100%Both ✘649.00 AA+

Colonial 8.69 8/m No max✔1 Year Fixed 97%Both ✘700.00 AA

Community CPS Australia 8.85 Nil 1,000,000.00✔Parent HLoan 1yr Fixed 95%Both ✘845.00 N/A

Encompass Credit Union 8.59 Nil 1,000,000.00✔1 year Fixed 95%P+I ✘910.00 N/A

Holiday Coast CU 8.39 Nil No max✘ 95%Both ✘Nil N/A

Homeloans 9.11 Nil No max✔Balanced Special 1yr Fxd 97%Both ✔894.00 N/A




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� "satisfactory value"HomeSide Lending 8.39 10/m No max✔1 Year Fixed (HomePlus 1yr Fi 95.00%Both ✘600.00 AA

HomeSide Lending 8.39 6/m No max✔1 Year Fixed 95.00%P+I ✘600.00 AA

Horizon Credit Union 8.59 Nil No max✘Horizon 1 year Fixed 95%Both ✘935.00 N/A

Maitland Mutual BS 8.69 Nil No max✔Premium 1 year Fixed 100%Both ✔300.00 N/A

Police Credit 8.69 Nil 1,000,000.00✔1 year Fixed 90%Both ✘856.25 N/A

Qld Teachers CU 8.49 Nil No max✔1 Year Fixed 100%P+I ✘515.00 N/A

SGE Credit Union 9.09 Nil 2,000,000.00✔1 yr Fixed 97%Both ✘590.00 N/A

SGE Credit Union 9.09 Nil 2,000,000.00✔Flexible Opt 1yr Fixed 90%Both ✘790.00 N/A

SUNCORP 8.69 10/m No max✔1 Year Fixed 100%Both ✘600.00 A+

Uni Credit Union 9.29 Nil 750,000.00✔1 year Fixed 95.00%P+I ✘728.00

United Credit Union 9.20 8/m No max✔Access Plus 1 year Fixed 95%Both ✘750.00 N/A

Warwick Credit Union 9.50 Nil No max✔Classic 1 year Fixed 95%Both ✔982.00 N/A




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�� "superior value"Arab Bank Australia 8.39 8/m No max✘2 year Fixed 95%Both ✘600.00 A-

Credit Union Australia 8.49 Nil No max✔2 Year Fixed 97%Both ✔795.00 N/A

Illawarra CU NSW 9.00 Nil No max✔2 Year Fixed 95%Both ✘957.50 N/A

Lifeplan Funds Managemnt 9.14 Nil 600,000.00✔FlexiSmart 2 year Fixed 100%P+I ✘497.13 N/A





Powerstate Credit Union 9.29 Nil No max✔2 Year Fixed 97%P+I ✔732.25 N/A


Unicom Credit Union 9.00 Nil No max✔2 Year Fixed 95%Both ✘957.50 N/A

�� "exceptional value"ABS Building Society 9.15 Nil No max✔2 Year Fixed 95%P+I ✔840.00 N/A

Adelaide Bank 8.59 10/m No max✔2 Year Fixed 100%Both ✔695.00 BBB+


nab 8.69 8/m No max✔Tailored Hl 2yr Fixed IO 100%IO ✘600.00 AA


�� "strong value"ANZ 8.49 10/m No max✔2 Year Fixed 95%Both ✘600.00 AA

BankWest 8.99 12/m No max✔2 Year Fixed 95%Both ✘700.00 AA-


Coastline Credit Union 8.99 Nil No max✔2 Year Fixed 95%P+I ✘755.00 N/A


Community First CU 8.90 Nil 500,000.00✔True 2 year Fixed 100.00%P+I ✔914.00 N/A

Defence Force CU 9.00 200/a No max✔Flexi Choice 2yr Fixed 95.00%P+I ✔300.00 N/A

Easy Street Fin Services 8.90 Nil 500,000.00✔Easy Street 2 year Fixed 100%P+I ✔503.18 N/A

Gateway Credit Union 8.84 Nil No max✔2 Year Fixed 80%Both ✘600.00 N/A






mecu 8.69 Nil 750,000.00✘2 Year Fixed 100%P+I ✘Nil N/A






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�� "strong value"NSW Teachers CU 8.99 Nil No max✘Option 2 year Fixed 95%P+I ✘400.00 N/A

Police CU SA 8.89 Nil No max✔2 year Fixed 100%Both ✘781.08 N/A






Macarthur Credit Union 8.50 Nil No max✔Home Loan 2yr fixed 95.00%P+I ✘1000.00 N/A

RAMS Home Loans 8.19 120/a No max✔Fixed Rate 2yr 100%Both ✘845.00 N/A

RAMS Home Loans 8.19 300/a 499,999.99✔Fixed ProPack1 2yr 100%Both ✘845.00 N/A

�� "average value"AIMS Home Loans 9.57 Nil 2,000,000.00✘2 year Fixed 95%Both ✘660.00 N/A


Bank of Queensland 8.69 8/m No max✔2 Year Fixed 100%Both ✘595.00 BBB+




Greater Building Society 8.60 Nil No max✔24 mths Fixed 95%P+I ✘Nil BBB+

HomeSide Lending 8.59 10/m No max✔2 Year Fixed (HomePlus 2yr Fi 95.00%Both ✘600.00 AA



Memberfirst Credit Union 9.15 Nil No max✘2 year Fixed 95%P+I ✘795.00 N/A


Qld Professional CU 9.60 Nil No max✔2 Year Fixed 95%Both ✔679.00 N/A

Qld Teachers CU 8.69 Nil No max✔2 Year Fixed 100%P+I ✘515.00 N/A

Satisfac Credit Union 9.05 Nil 1,250,000.00✔Satisfac 2 year Fixed 95%P+I ✘815.00 N/A

SGE Credit Union 8.99 Nil 2,000,000.00✔2yr Fixed 95%Both ✘590.00 N/A


SUNCORP 8.69 10/m No max✔2 Year Fixed 100%Both ✘600.00 A+

United Credit Union 9.20 8/m No max✔Access Plus 2 year Fixed 95%Both ✘750.00 N/A

Warwick Credit Union 9.35 5/m No max✔Premium 2 year Fixed 95%Both ✔982.00 N/A

� "satisfactory value"AMP Banking 8.69 Nil 2,500,000.00✔2 Year Fixed 100%Both ✘545.00 A-





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� "satisfactory value"BankSA 8.49 10/m No max✔2 Year Fixed 95%Both ✘700.00 A+





Homeloans 8.49 Nil 2,000,000.00✔Smart Saver 2yr Fixed 95%Both ✘989.00 N/A





Sydney Credit Union 9.40 Nil No max✔2 year fixed 100.00%Both ✘768.00 N/A

Uni Credit Union 9.34 Nil 750,000.00✔2 year Fixed 95.00%P+I ✘728.00

Warwick Credit Union 9.60 Nil No max✔Classic 2 year Fixed 95%Both ✔982.00 N/A

Wizard Home Loans 9.19 Nil 1,000,000.00✘2 year Fixed 100%Both ✘760.00 N/A

Yes Home Loans 9.61 Nil 2,500,000.00✔2 year Fixed 97%Both ✘1556.00 N/A




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�� "superior value"Mortgage Ezy 8.09 99/q 2,000,000.00✔3 year fixed Prof 100%Both ✘810.00 N/A



Select Credit Union 9.25 Nil No max✘Super Mortgage 3yr Fixed 95%Both ✔547.00 N/A

�� "exceptional value"Arab Bank Australia 7.99 8/m No max✘3 year Fixed 95%Both ✘600.00 A-

Companion CU 8.25 Nil No max✔3 year Fixed 95%Both ✘558.00 N/A

Credit Union Australia 8.49 Nil No max✔3 year Fixed 97%Both ✔795.00 N/A

Illawarra CU NSW 8.90 Nil No max✔3 year Fixed 95%Both ✘957.50 N/A




Unicom Credit Union 8.90 Nil No max✔3 year Fixed 95%Both ✘957.50 N/A

Westpac 8.19 8/m No max✔3 year Fixed 100%Both ✘600.00 AA

�� "strong value"ABS Building Society 9.15 Nil No max✔3 year Fixed 95%P+I ✔840.00 N/A

Adelaide Bank 8.79 10/m No max✔Smartsuite 3yr Fixed 90%Both ✔695.00 BBB+

Adelaide Bank 8.59 10/m No max✔3 year Fixed 100%Both ✔695.00 BBB+

ANZ 8.49 10/m No max✔3 year Fixed 95%Both ✘600.00 AA


BankWest 8.99 12/m No max✔3 year Fixed 95%Both ✘700.00 AA-

Bendigo Bank 8.69 8/m No max✔3 year Fixed 97%Both ✘710.00 BBB+

Commonwealth Bank 8.54 8/m No max✔3 year Fixed 97%Both ✘700.00 AA

Community First CU 8.80 Nil 500,000.00✔True 3 year Fixed 100.00%P+I ✔914.00 N/A

Defence Force CU 9.00 200/a No max✔Flexi Choice 3yr Fixed 95.00%P+I ✔300.00 N/A

Easy Street Fin Services 8.80 Nil 500,000.00✔Easy Street 3 year Fixed 100%P+I ✘503.18 N/A

Gateway Credit Union 8.84 Nil No max✔3 year Fixed 80%Both ✘600.00 N/A

Heritage Building Soc 8.39 5/m No max✔3 year Fixed 90%Both ✘600.00 BBB+


HSBC 7.99 Nil 7,500,000.00✔3 year Fixed 97.00%Both ✘825.00 AA


IMB Limited 8.59 6/m No max✔3 year Fixed 100%Both ✘758.50 BBB







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�� "strong value"nab 8.69 8/m No max✔Tailored HL 3yr Fixed IO 100%IO ✘600.00 AA


NSW Teachers CU 8.89 Nil No max✘Option 3 year Fixed 95%P+I ✘400.00 N/A

Powerstate Credit Union 9.39 Nil No max✔3 year Fixed 97%P+I ✔732.25 N/A




University Credit Soc 8.49 Nil No max✘3 year Fixed 95%Both ✘609.50 N/A



RAMS Home Loans 7.99 300/a 499,999.99✔Fixed ProPack1 3yr 100%Both ✘845.00 N/A

�� "average value"AIMS Home Loans 9.48 Nil 2,000,000.00✘3 year Fixed 95%Both ✘660.00 N/A

Bank of Queensland 8.69 8/m No max✔3 year Fixed 100%Both ✘595.00 BBB+

Colonial 8.54 8/m No max✔3 year Fixed 97%Both ✘700.00 AA

Community CPS Australia 8.65 Nil 2,000,000.00✔3 year Fixed 95%Both ✘695.00 N/A



Hunter United Credit Un 8.99 2/m No max✔3 year fixed 95%P+I ✘830.00 N/A

ING Direct 8.69 Nil 2,000,000.00✔3 year Fixed 95%Both ✘719.00 AA

Lifeplan Funds Managemnt 9.34 Nil 600,000.00✔3 year Fixed 100%P+I ✘675.00 N/A

mecu 8.69 Nil 750,000.00✘3 year Fixed 100%P+I ✘Nil N/A



Police CU NSW 7.89 Nil No max✔Fixed Rate Home Loan 95%Both ✘1045.00 N/A

Police CU SA 8.59 Nil No max✔3 year Fixed 100%P+I ✘781.08 N/A

Qld Police Credit Union 8.39 Nil No max✔3 year Fixed 100%P+I ✘830.00 N/A

Satisfac Credit Union 9.05 Nil 1,250,000.00✔Satisfac 3 year Fixed 95%P+I ✘815.00 N/A


Victoria Teachers CU 8.69 Nil No max✔Standard 3 year Fixed 95%Both ✘600.00 N/A


� "satisfactory value"AMP Banking 8.69 Nil 2,500,000.00✔3 year Fixed 100%Both ✘545.00 A-

Aussie Home Loans 8.39 Nil No max✔3 year Fixed 95%Both ✘600.00 N/A




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� "satisfactory value"Bananacoast Community CU 9.15 Nil 7,000,000.00✔3 year Fixed 100%Both ✘740.00 N/A






Homeloans 8.39 Nil 2,000,000.00✔Smart Saver 3yr Fixed 95%Both ✘989.00 N/A


HomeSide Lending 8.59 6/m No max✔3 year Fixed 95.00%P+I ✘600.00 AA

HomeSide Lending 8.59 10/m No max✔3 year Fixed (HomePlus 3yr Fi 95.00%Both ✘600.00 AA



Qld Professional CU 9.85 Nil No max✔3 year Fixed 95%Both ✔679.00 N/A

Qld Teachers CU 8.69 Nil No max✔3 year Fixed 100%P+I ✘515.00 N/A

RESI Mortgage Corp 8.59 Nil 2,000,000.00✔Complete 3 year Fixed 95%Both ✘616.00 N/A

SERVICE ONE Members Ba 8.75 8/m 1,300,000.00✔3 year Fixed 97%Both ✘600.00 N/A



SUNCORP 8.79 10/m No max✔3 year Fixed 100%Both ✘600.00 A+

Sydney Credit Union 9.40 Nil No max✔3 year fixed 100.00%Both ✘768.00 N/A




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�� "superior value"Credit Union Australia 8.49 Nil No max✔5 Year Fixed 97%Both ✔795.00 N/A

Illawarra CU NSW 8.85 Nil No max✔5 year Fixed 95%Both ✘957.50 N/A

Mortgage Ezy 8.09 99/q 2,000,000.00✔5 year fixed Prof 100%Both ✘810.00 N/A


Unicom Credit Union 8.85 Nil No max✔5 year Fixed 95%Both ✘957.50 N/A

�� "exceptional value"Adelaide Bank 8.54 10/m No max✔5 Year Fixed 100%Both ✔695.00 BBB+

Arab Bank Australia 8.39 8/m No max✘5 year Fixed 95%Both ✘600.00 A-






�� "strong value"Adelaide Bank 8.79 10/m No max✔Smartsuite 5yr Fixed 90%Both ✔695.00 BBB+

AIMS Home Loans 9.38 Nil 2,000,000.00✘5 year Fixed 95%Both ✘660.00 N/A


BankWest 8.99 12/m No max✔5 Year Fixed 95%Both ✘700.00 AA-




Greater Building Society 8.35 Nil No max✔49-60mth Fixed 95%P+I ✘Nil BBB+










nab 8.69 8/m No max✔Tailored HL 5yr Fixed IO 100%IO ✘600.00 AA







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�� "strong value"St George Bank 8.59 10/m No max✔5 year Fixed 95%Both ✘700.00 A+



� "rising star"RAMS Home Loans 7.99 300/a 499,999.99✔Fixed ProPack1 5yr 100%Both ✘845.00 N/A


�� "average value"ANZ 8.49 10/m No max✔5 Year Fixed 95%Both ✘600.00 AA


Bank of Queensland 8.29 8/m No max✔5 Year Fixed 100%Both ✘595.00 BBB+





HomeSide Lending 8.59 10/m No max✔5 Year Fixed (HomePlus 5yr Fi 95.00%Both ✘600.00 AA




Police CU SA 8.69 Nil No max✔5 year Fixed 100%P+I ✘781.08 N/A

Qld Police Credit Union 8.39 Nil No max✔5 year Fixed 100%P+I ✘830.00 N/A

Victoria Teachers CU 8.69 Nil No max✔Standard 5 year Fixed 95%Both ✘600.00 N/A

� "satisfactory value"Alliance One CreditUnion 9.15 Nil 400,000.00✔Your Choice 5 year Fixed 100%P+I ✔1068.88 N/A

AMP Banking 8.69 Nil 2,500,000.00✔5 Year Fixed 100%Both ✘545.00 A-

Bananacoast Community CU 9.15 Nil 7,000,000.00✔5 year Fixed 100%Both ✘740.00 N/A






Police & Nurses Credit 8.29 5/m No max✔5 year Fixed 95%Both ✘650.00 N/A

RESI Mortgage Corp 8.59 Nil 2,000,000.00✔Complete 5 year Fixed 95%Both ✘616.00 N/A

SERVICE ONE Members Ba 8.75 8/m 1,300,000.00✔5 Year Fixed 97%Both ✘600.00 N/A






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� "satisfactory value"SUNCORP 8.84 10/m No max✔5 Year Fixed 100%Both ✘600.00 A+




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1 YEAR FIXED RATE INVESTMENT HOME LOAN

�� "superior value"Lifeplan Funds Managemnt 8.69 Nil 600,000.00✔Investment 1 year Fixed 97%Both ✘675.00 N/A

Lifeplan Funds Managemnt 8.69 Nil 600,000.00✔Invt FlexiSmart 1yr Fxd 97%P+I ✘497.13 N/A

Powerstate Credit Union 8.49 Nil No max✔Investment 1 year Fixed 97%P+I ✔732.25 N/A

Qantas Staff CU 8.69 Nil 3,000,000.00✔Invt Options 1yr Fxd IO 80%IO ✘600.00 N/A

Qld Professional CU 8.45 Nil No max✔Investment 1 year Fixed 90%Both ✔679.00 N/A

RTA Staff CU 8.74 Nil No max✔Investment 1 year Fixed 95%P+I ✘433.00 N/A

�� "exceptional value"ANZ 8.39 10/m No max✔Investment 1 year Fixed 95%Both ✔600.00 AA

Credit Union Australia 8.59 Nil No max✔Investment 1 year Fixed 97%Both ✔795.00 N/A

Gateway Credit Union 8.79 Nil No max✔Investment 1 year Fixed 80%Both ✘600.00 N/A

Members Equity Bank 8.80 Nil No max✔Invt SuperMember 1yr Fxd 95%Both ✘Nil BBB

nab 8.39 8/m No max✔Invt Standard HL 1yr Fxd 100%P+I ✘600.00 AA

Newcastle Permanent 8.39 Nil No max✔Investment 1 year Fixed 100%Both ✘300.00 BBB+

one direct home loans 7.99 Nil No max✔1 year Fixed Investment 97.50%Both ✘310.00 N/A

�� "strong value"ABS Building Society 9.15 Nil No max✔Investment 1 year Fixed 95%Both ✘840.00 N/A

Adelaide Bank 8.59 10/m No max✔Investment 1 year Fixed 100%Both ✔695.00 BBB+

Arab Bank Australia 8.39 8/m No max✘Investment 1 year Fixed 95%Both ✘600.00 A-

Bank of Queensland 8.44 8/m No max✔Investment 1 year Fixed 100%Both ✔595.00 BBB+

BankWest 8.99 12/m No max✔Investment 1 year Fixed 95%Both ✘700.00 AA-

Illawarra CU NSW 9.10 8/m No max✔Investment 1 year Fixed 95%Both ✘957.50 N/A

ING Direct 8.69 Nil 2,000,000.00✔Investment 1 year Fixed 95%Both ✘719.00 AA

Members Equity Bank 9.00 Nil No max✔Investment 1 year Fixed 95%Both ✘Nil BBB

MyRate 8.40 Nil 2,000,000.00✔Investment 1 year Fixed 95%Both ✘Nil N/A

nab 8.49 8/m No max✔Invt Tailored 1yr Fxd IO 100%IO ✘600.00 AA

NSW Teachers CU 8.99 Nil No max✘Invt Option 1 year Fixed 95%P+I ✘400.00 N/A

Orange Credit Union 8.39 Nil No max✔Inv 1 year Fixed 97%Both ✘525.00 N/A

QuickDirect Online Mort 8.44 Nil No max✔Inv 1 year Fixed 95%Both ✘Nil N/A

Savings & Loans Cred Un 9.09 Nil No max✔Investment 1 year Fixed 100%Both ✔600.00 N/A

Savings & Loans Cred Un 8.99 8/m No max✔Inv Discount 1 year Fxd 100%Both ✔600.00 N/A

Unicom Credit Union 9.10 8/m No max✔Investment 1 year Fixed 95.00%Both ✘957.50 N/A

University Credit Soc 8.39 Nil No max✘Investment 1 year Fixed 95%Both ✘609.50 N/A

Westpac 8.49 10/m No max✔Investment 1 year Fixed 100%Both ✘750.00 AA

� "rising star"First Option CreditUnion 8.89 Nil No max✔Inv 1 year fixed 95%P+I ✔712.00 N/A


Rates are correct as at 17th September 2008 Page 1 of 3INVESTMENT 1 YEAR FIXED:


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�� "average value"Austral Mortgage 9.05 Nil 5,000,000.00✔Inv AdvantagePlus 1y Fxd 90.00%Both ✔350.00 N/A

Bendigo Bank 8.89 8/m No max✔Investment 1 year Fixed 90%Both ✘710.00 BBB+

Coastline Credit Union 8.99 Nil No max✔Investment 1 year Fixed 90%P+I ✘755.00 N/A

Colonial 8.69 8/m No max✔Investment 1 year Fixed 97%Both ✘700.00 AA

Commonwealth Bank 8.69 8/m No max✔Investment 1 year Fixed 97%Both ✘700.00 AA

Community First CU 9.00 Nil No max✔Invt True 1 year Fixed 100.00%P+I ✔914.00 N/A

Heritage Building Soc 8.49 5/m No max✔Investment 1 year Fixed 90%Both ✘600.00 BBB+

Homeloans 9.11 Nil No max✔Inv Balanced Special 1yr 90%Both ✔894.00 N/A

HomeSide Lending 8.39 10/m No max✔Investment 1 year Fixed (Inv H 95.00%Both ✘600.00 AA

HomeSide Lending 8.39 6/m No max✔Investment 1 year Fixed 95.00%Both ✘600.00 AA

Homestar Finance 8.19 Nil 2,000,000.00✔Investment 1yr Fixed 95%Both ✘595.00 N/A

Horizon Credit Union 8.59 Nil No max✔Invt Horizon 1yr Fixed 95%Both ✘935.00 N/A

HSBC 8.99 Nil 7,500,000.00✔Investment 1 year Fixed 97.00%Both ✘825.00 AA

Hume Building Society 8.40 Nil 2,000,000.00✔Investment 1 year Fixed 95%Both ✘600.00 N/A

IMB Limited 8.59 6/m No max✔Investment 1 year Fixed 100%Both ✘758.50 BBB

mecu 8.69 Nil 750,000.00✘Investment 1 year Fixed 95%P+I ✘Nil N/A

NSW Teachers CU 9.09 Nil No max✘Invt IO 1 year Fixed 95%IO ✘400.00 N/A

Police CU SA 8.89 Nil No max✔Investment 1 year Fixed 100%Both ✘781.08 N/A

St George Bank 8.54 10/m No max✔Investment 1 year Fixed 95%Both ✘700.00 A+

SUNCORP 8.69 10/m No max✔Investment 1 year Fixed 100%Both ✘600.00 A+

Victoria Teachers CU 8.69 Nil No max✔Invt Standand 1yr Fixed 95%Both ✘600.00 N/A

� "satisfactory value"AIMS Home Loans 9.61 Nil 2,000,000.00✘Investment 1 year Fixed 95%Both ✘660.00 N/A

AMP Banking 8.69 349/a 2,500,000.00✔Investment 1 year Fixed 95%Both ✘545.00 A-

Aussie Home Loans 8.49 Nil No max✔Investment 1 year Fixed 95%Both ✘600.00 N/A

Bananacoast Community CU 9.15 Nil 7,000,000.00✔Investment 1 year Fixed 95%Both ✘740.00 N/A

BankSA 8.54 10/m No max✔Investment 1 year Fixed 95%Both ✘700.00 A+

CHS Home Loans 8.69 8/m No max✔Investment 1 year Fixed 97%P+I ✘700.00 N/A

Citibank 8.89 8/m 4,000,000.00✔Investment 1 year Fixed 100%Both ✘649.00 AA+

Community CPS Australia 8.85 Nil 1,000,000.00✔Invt Parent HL 1yr Fixed 95%Both ✘845.00 N/A

Community CPS Australia 8.85 Nil 2,000,000.00✔Investment 1 year Fixed 95%Both ✘695.00 N/A

Encompass Credit Union 8.59 Nil 1,000,000.00✔Investment 1 year Fixed 95%P+I ✘910.00 N/A

Greater Building Society 8.35 Nil No max✔Investment 12mth Fxd 95%Both ✘Nil BBB+

Holiday Coast CU 8.39 Nil No max✘ 95%P+I ✘Nil N/A

Maitland Mutual BS 8.69 Nil No max✔Invt Premium 1yr Fixed 100%Both ✔300.00 N/A

Memberfirst Credit Union 9.05 Nil No max✘Investment 1 year Fixed 95%P+I ✘795.00 N/A




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� "satisfactory value"Police Credit 8.69 Nil 1,000,000.00✔Investment 1 year Fixed 90%Both ✘856.25 N/A

Qld Teachers CU 8.49 Nil No max✔Investment 1 year Fixed 95%Both ✘515.00 N/A

SGE Credit Union 9.09 Nil 2,000,000.00✔Invt Flexible Opt 1y Fxd 90%Both ✘790.00 N/A

SGE Credit Union 9.09 Nil 2,000,000.00✔Invt Investment 1yr Fxd 97%Both ✘590.00 N/A

Uni Credit Union 9.29 Nil 750,000.00✔Investment 1 year Fixed 95.00%P+I ✘728.00

United Credit Union 9.20 8/m No max✔Invt Access Plus 1yr Fxd 95%P+I ✘750.00 N/A

Warwick Credit Union 9.30 5/m No max✔Invt Premium 1yr Fixed 95%Both ✔982.00 N/A

Warwick Credit Union 9.50 Nil No max✔Invt Classic 1yr Fixed 95%Both ✔982.00 N/A




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�� "superior value"Credit Union Australia 8.49 Nil No max✔Investment 2 year Fixed 97%Both ✔795.00 N/A







�� "exceptional value"Adelaide Bank 8.59 10/m No max✔Investment 2 year Fixed 100%Both ✔695.00 BBB+

ANZ 8.49 10/m No max✔Investment 2 year Fixed 95%Both ✘600.00 AA




Lifeplan Funds Managemnt 9.14 Nil 600,000.00✔Investment 2 year Fixed 97%Both ✘675.00 N/A









Bank of Queensland 8.69 8/m No max✔Investment 2 year Fixed 100%Both ✘595.00 BBB+



Community First CU 8.90 Nil 500,000.00✔Invt True 2 year Fixed 100.00%P+I ✔914.00 N/A

Easy Street Fin Services 8.90 Nil 500,000.00✔Invt Easy Street 2yr Fxd 100%P+I ✔503.18 N/A






NSW Teachers CU 8.99 Nil No max✘Invt Option 2 year Fixed 95%P+I ✘400.00 N/A





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�� "strong value"St George Bank 8.49 10/m No max✔Investment 2 year Fixed 95%Both ✘700.00 A+




Macarthur Credit Union 8.50 Nil No max✔Property Inv Ln 2yr fxd 95.00%P+I ✘1000.00 N/A

RAMS Home Loans 8.19 120/a No max✔Inv Fixed Rate 2yr 95%Both ✘845.00 N/A

�� "average value"Aussie Home Loans 8.49 Nil No max✔Investment 2 year Fixed 95%Both ✘600.00 N/A

Austral Mortgage 9.05 Nil 5,000,000.00✔Inv AdvantagePlus 2y Fxd 90.00%Both ✔350.00 N/A



Coastline Credit Union 8.99 Nil No max✔Investment 2 year Fixed 90%P+I ✘755.00 N/A






HomeSide Lending 8.59 10/m No max✔Investment 2 year Fixed (Inv H 95%Both ✘600.00 AA







� "satisfactory value"AIMS Home Loans 9.57 Nil 2,000,000.00✘Investment 2 year Fixed 95%Both ✘660.00 N/A

AMP Banking 8.69 349/a 2,500,000.00✔Investment 2 year Fixed 95%Both ✘545.00 A-




Homeloans 8.49 Nil 2,000,000.00✔Inv Smart Saver 2yr Fxd 95%Both ✘989.00 N/A


Memberfirst Credit Union 9.15 Nil No max✘Investment 2 year Fixed 95%P+I ✘795.00 N/A

Police Credit 8.69 Nil 1,000,000.00✔Investment 2 year Fixed 90%Both ✘856.25 N/A




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� "satisfactory value"Qld Professional CU 9.60 Nil No max✔Investment 2 year Fixed 90%Both ✔679.00 N/A


Satisfac Credit Union 9.05 Nil 1,250,000.00✔Invt Satisfac 2yr Fixed 90%P+I ✘815.00 N/A


Sydney Credit Union 9.40 Nil No max✔Inv 2 year fixed 100.00%Both ✘768.00 N/A

Uni Credit Union 9.34 Nil 750,000.00✔Investment 2 year Fixed 95.00%P+I ✘728.00

United Credit Union 9.20 8/m No max✔Invt Access Plus 2yr Fxd 95%P+I ✘750.00 N/A

Warwick Credit Union 9.35 5/m No max✔Invt Premium 2yr Fixed 95%Both ✔982.00 N/A

Warwick Credit Union 9.60 Nil No max✔Invt Classic 2yr Fixed 95%Both ✔982.00 N/A

Wizard Home Loans 9.19 Nil 1,000,000.00✘Investment 2 year Fixed 100%Both ✘760.00 N/A




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�� "superior value"Companion CU 8.25 Nil No max✔Investment 3 year Fixed 95.00%Both ✘558.00 N/A

Credit Union Australia 8.49 Nil No max✔Investment 3 year Fixed 97%Both ✔795.00 N/A


Mortgage Ezy 8.09 99/q 2,000,000.00✔Inv 3 year fixed Prof 100%Both ✘810.00 N/A



Select Credit Union 9.25 Nil No max✘Super Invt Loan 3yr Fxd 95%Both ✔547.00 N/A








Adelaide Bank 8.79 10/m No max✔Inv Smartsuite 3yr Fxd 90%Both ✔695.00 BBB+







Community First CU 8.80 Nil 500,000.00✔Invt True 3 year Fixed 100.00%P+I ✔914.00 N/A

Easy Street Fin Services 8.80 Nil 500,000.00✔Invt Easy Street 3yr Fxd 100%P+I ✔503.18 N/A














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�� "strong value"NSW Teachers CU 8.89 Nil No max✘Invt Option 3 year Fixed 95%P+I ✘400.00 N/A






SERVICE ONE Members Ba 8.75 8/m 1,300,000.00✔Investment 3 year Fixed 97%Both ✘600.00 N/A





RAMS Home Loans 7.99 120/a No max✔Inv Fixed Rate 3yr 95%Both ✘845.00 N/A

�� "average value"AIMS Home Loans 9.48 Nil 2,000,000.00✘Investment 3 Year Fixed 95%Both ✘660.00 N/A












Police CU NSW 7.89 Nil No max✔Invt Fixed Rate Home Ln 95%Both ✘1045.00 N/A




Victoria Teachers CU 8.69 Nil No max✔Invt Standard 3yr Fixed 95%Both ✘600.00 N/A

� "satisfactory value"AMP Banking 8.69 349/a 2,500,000.00✔Investment 3 year Fixed 95%Both ✘545.00 A-






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� "satisfactory value"Citibank 8.74 8/m 4,000,000.00✔Investment 3 year Fixed 100%Both ✘649.00 AA+





Homeloans 8.39 Nil 2,000,000.00✔Inv Smart Saver 3yr Fxd 95%Both ✘989.00 N/A



Qld Police Credit Union 8.39 Nil No max✔Investment 3 year Fixed 95%P+I ✘830.00 N/A

Qld Professional CU 9.85 Nil No max✔Investment 3 year Fixed 90%Both ✔679.00 N/A


RESI Mortgage Corp 8.59 Nil 2,000,000.00✔Invt Complete 3yr Fixed 95%Both ✘616.00 N/A

Satisfac Credit Union 9.05 Nil 1,250,000.00✔Invt Satisfac 3yr Fixed 90%P+I ✘815.00 N/A


Sydney Credit Union 9.40 Nil No max✔Inv 3 year fixed 100.00%Both ✘768.00 N/A

Yes Home Loans 9.50 Nil 2,500,000.00✔Inv 3 year Fixed 97%Both ✘1556.00 N/A




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�� "superior value"Credit Union Australia 8.49 Nil No max✔Investment 5 year Fixed 97%Both ✔795.00 N/A



Mortgage Ezy 8.09 99/q 2,000,000.00✔Inv 5 year fixed Prof 100%Both ✘810.00 N/A















SERVICE ONE Members Ba 8.75 8/m 1,300,000.00✔Investment 5 year Fixed 97%Both ✘600.00 N/A



�� "strong value"Adelaide Bank 8.79 10/m No max✔Inv Smartsuite 5yr Fxd 90%Both ✔695.00 BBB+















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�� "strong value"University Credit Soc 8.49 Nil No max✘Investment 5 year Fixed 95%Both ✘609.50 N/A

� "rising star"RAMS Home Loans 7.99 120/a No max✔Inv Fixed Rate 5yr 95%Both ✘845.00 N/A

�� "average value"AIMS Home Loans 9.38 Nil 2,000,000.00✘Investment 5 year Fixed 95%Both ✘660.00 N/A














RESI Mortgage Corp 8.59 Nil 2,000,000.00✔Invt Complete 5yr Fixed 95%Both ✘616.00 N/A


Victoria Teachers CU 8.69 Nil No max✔Invt Standard 5yr Fixed 95%Both ✘600.00 N/A

Yes Home Loans 9.41 Nil 2,500,000.00✔Inv 5 year Fixed 97%Both ✘1556.00 N/A

� "satisfactory value"AMP Banking 8.69 349/a 2,500,000.00✔Investment 5 year Fixed 95%Both ✘545.00 A-





Qld Police Credit Union 8.39 Nil No max✔Investment 5 year Fixed 95%P+I ✘830.00 N/A






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VARIABLE RATE INVESTMENT HOME LOAN

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�� "superior value"Bankstown City CU 8.69 Nil 25000.00✔Property Manager 97%Both ✘1140.00 N/A✔

Colonial 8.63 350/a 250000.00✔Investment Variable (Inv MortAdv Pkg250k-349k) 100%Both ✔100.00 AA✔

Commonwealth Bank 8.63 350/a 250000.00✔Investment Variable (Invt Wealth Pkg <$750k) 100%Both ✔100.00 AA✔

Community CPS Australia 8.60 11/m 50000.00✔Invt Basic Home Loan Var 100%P+I ✘695.00 N/A✔

Credit Union Australia 8.87 Nil 250000.00✔Invesment Disc Home Loan 97%Both ✔795.00 N/A✔

Dnister Ukrainian Credit 8.55 Nil 50000.00✘Invt Premier Variable 95.00%P+I ✔698.00 N/A✔

Fire Services CU 8.45 Nil 25000.00✔Investment Variable 80%Both ✘548.50 N/A✔

Hume Building Society 8.15 Nil 50000.00✔Invt Interest Saver 95%Both ✘600.00 N/A✔

IMB Limited 8.86 Nil 200000.00✔Investment Variable (Invt Prof Var 200-299) 100%Both ✔313.50 BBB✔

mecu 8.55 Nil 250000.00✔Invt Premium $250k+ 95%P+I ✔595.00 N/A✔

Mortgage Ezy 8.49 99/q 50000.00✔Inv Discount Var FeeFree 100%Both ✘810.00 N/A✔

Mortgage Ezy 8.49 Nil 50000.00✔Inv Disc Var Fee FreePkg 100%Both ✘810.00 N/A✔

Newcastle Permanent 8.64 Nil 50000.00✔Invt Real Deal Home Ln 100%Both ✘300.00 BBB+✔

Newcastle Permanent 8.56 250/a 100000.00✔Invt Premium Variable (Invt Premium Plus Pkg) 100%Both ✔Nil BBB+✔

RTA Staff CU 8.54 Nil 100000.00✘Investmnt Fastroad Basic 95%P+I ✘648.00 N/A✔

Savings & Loans Cred Un 8.67 8/m 250000.00✔Inv DiscountVariable>250 100%Both ✔600.00 N/A✔

Select Credit Union 8.94 Nil 40000.00✔Super Investment Loan 95%Both ✔727.00 N/A✔

St George Bank 8.97 375/a 250000.00✔Investment Variable (Inv AdvantagePkg >250k) 95%Both ✔100.00 A+✔

State Custodians 8.69 330/a 50000.00✔Invt Breathe Easy H/L 95%Both ✘770.00 N/A✔

State Custodians 8.45 395/a 50000.00✔Invt Standard Variable 95%Both ✘770.00 N/A✔

University Credit Soc 8.35 Nil No min✔Investment Variable 95%Both ✘609.50 N/A✔

Westpac 8.66 395/a 250000.00✔Variable Invt PropertyLn (Inv RocketAdvPkg $250k+) 100%Both ✔150.00 AA✔

Westpac 8.66 395/a 250000.00✔Rocket Investment Loan (Inv Advantage Pkg $250k+ 100%Both ✘150.00 AA✔

Yes Home Loans 9.01 Nil 50000.00✔Inv Credit Access 97%Both ✘1281.00 N/A✔

�� "exceptional value"ANZ 8.77 5/m 250000.00✔Investment Variable (Invt Prof Pkg $250-700k) 95%Both ✔600.00 AA✔

ANZ 8.77 5/m 250000.00✔Investment Variable (ANZ@work Invt Pkg <$700k) 95%Both ✔400.00 AA✔

ANZ 8.67 Nil 50000.00✔Inv Simplicity Plus 95%Both ✘600.00 AA✔

ANZ 8.67 340/a 250000.00✔Investment Variable (InvBreakfree Pkg250-700k) 95%Both ✔Nil AA✔

Arab Bank Australia 8.69 8/m 50000.00✔Invt Basic Home Loan 95%P+I ✘600.00 A-✔

Companion CU 8.87 Nil 10000.00✔Investment Home Loan 95%Both ✘558.00 N/A✔

Credit Union Australia 8.60 Nil 250000.00✔Invt Basic Variable>250k 97%Both ✘795.00 N/A✔

Gateway Credit Union 8.79 Nil 20000.00✔Investment Variable 80%Both ✔600.00 N/A✘

Hume Building Society 8.65 Nil No min✔Investment Variable 95%Both ✔600.00 N/A✔


Rates are correct as at 17th September 2008 Page 1 of 8INVESTMENT VARIABLE HOME LOAN:


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�� "exceptional value"IMB Limited 8.51 10/m 75000.00✔Invt Budget Loan 100%Both ✘758.50 BBB✔

Laiki Bank 8.45 10/m 100000.00✔Inv Options Plus Home Ln 95%Both ✔560.00 N/A✔

Maritime Mining & Power 8.79 Nil 30000.00✘Investment Variable 95%IO ✘875.00 N/A✔

mecu 8.55 Nil 10000.00✔Invt Basic Variable 95%P+I ✘595.00 N/A✔

Members Equity Bank 8.79 Nil 40000.00✔Invt Std Var SuperMember 95%Both ✘Nil BBB✔

MyRate 8.53 Nil 100000.00✔Inv Advantage Variable 95%Both ✘Nil N/A✔

nab 8.86 375/a 150000.00✔Invt Standard HomeLoan V (Inv ChoicePkg Tailored 100%Both ✔Nil AA✔

nab 8.70 Nil 250000.00✔Invt Base Var Rate Disc1 95%Both ✘600.00 AA✔

nab 8.56 10/m 20000.00✔Invt 3yr Intro Var 95%P+I ✘600.00 AA✔

one direct home loans 8.35 Nil 100000.00✔Variable Investment 97.50%Both ✘310.00 N/A✔

Orange Credit Union 8.76 Nil No min✔Real Estate Investment 97%Both ✘925.00 N/A✔

Qantas Staff CU 8.89 Nil No min✔Investment Essentials 80%P+I ✘600.00 N/A✘

Qantas Staff CU 8.79 Nil 250000.00✔Invt Step Ahead <$500K 95.00%IO ✔Nil N/A✔

Qantas Staff CU 9.09 Nil No min✔Investment Plus Var 80%P+I ✔600.00 N/A✔

Rate Busters 8.47 Nil 50000.00✔Inv FastTrak 95%Both ✘2045.00 N/A✔

Satisfac Credit Union 8.35 Nil 100000.00✘Investment First Home Ln 90%P+I ✘815.00 N/A✔

St George Bank 8.95 Nil 30000.00✔Invt Negotiated Basic HL 95%Both ✘600.00 A+✔

�� "strong value"ABS Building Society 9.15 Nil No min✔Inv Var- New Customers 95%Both ✘840.00 N/A✔

Adelaide Bank 9.00 10/m 250000.00✔Investment Variable<250k (Invt Variable Exec Pkg) 100%Both ✘300.00 BBB+✔

AMP Banking 8.77 Nil 40000.00✔Invt Basic Variable Loan 95%Both ✔545.00 A-✔

AMP Banking 8.92 349/a 100000.00✔Inv Select T2 Var Pkg 95%Both ✔645.00 A-✔

API Home Loans 8.85 Nil 30000.00✔Investment Variable 97%Both ✘543.00 N/A✔

Australian Central CU 8.67 325/a 250000.00✔Investment Variable (Inv Premium Var>250k Pkg) 95%Both ✔Nil N/A✔

Awesome Mortgages 8.90 Nil 50000.00✔Homeloan Std Var Inv 95%Both ✘960.00 ✔

Awesome Mortgages 8.95 Nil 50000.00✔Prime Loan Investment 95%Both ✘960.00 ✔

Bananacoast Community CU 8.45 Nil 250000.00✘Invt Premier Variable 95%Both ✔740.00 N/A✔

Bank of Cyprus Australia 8.65 8/m 30000.00✔Essential Home Loan Invt 95%Both ✘827.50 N/A✔

Bank of Queensland 8.67 375/a 250000.00✔Investment Variable (Invt Var Pkg >$250k) 100%Both ✔100.00 BBB+✔

Bank of Queensland 8.79 10/m No min✔Invt Economy Home Loan 100%Both ✘695.00 BBB+✔

BankWest 9.08 360/a 250000.00✔Investment LitePlus>250k 95%Both ✔Nil AA-✔

BankWest 9.18 Nil 20000.00✔Invt Lite Home Loan 95%Both ✘500.00 AA-✔

Capricornia CU 8.53 Nil No min✘Premier Plus Invest 95%Both ✔990.00 N/A✔

CHS Home Loans 8.65 8/m 10000.00✔Invt 3yr Spec Rate Saver 97%Both ✘700.00 N/A✘




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�� "strong value"Circle Credit Co-op 8.95 Nil 50000.00✔Rate Plus 95%Both ✘500.00 N/A✔

Colonial 8.65 Nil 10000.00✘Invt 3yr Spec Rate Saver 100%Both ✘100.00 AA✔

Commonwealth Bank 8.65 Nil 10000.00✘Invt Economiser 3y Intro 100%P+I ✘100.00 AA✔

Community CPS Australia 9.30 Nil 10000.00✔Investment Variable 95%Both ✘695.00 N/A✔

Community First CU 8.75 Nil 100000.00✔True Basic Home Loan Inv 95.00%P+I ✘1003.18 N/A✔

Companion CU 9.17 Nil 10000.00✔Investment LifestylePlus 95%Both ✔Nil N/A✔

Credit Union Australia 9.22 Nil No min✔Investment Variable 97%Both ✔795.00 N/A✔

Credit Union Australia 8.69 Nil No min✔Inv Better Start Home Ln 97%Both ✔795.00 N/A✔

Easy Street Fin Services 8.75 Nil 100000.00✘Inv EasyStreet Basic Var 95%P+I ✔503.18 N/A✔

Family First CU 8.40 Nil 20000.00✘Investment Variable 90%P+I ✘1036.00 N/A✔

FCCS Credit Union 8.65 Nil 250000.00✔Invt Discount Home>$250K 95%Both ✘956.50 N/A✔

Heritage Building Soc 8.65 Nil 50000.00✔Basic Variable Invt 90%P+I ✘600.00 BBB+✔

Heritage Building Soc 8.65 250/a 250000.00✔Invt Professional Pkg 90.00%Both ✘Nil BBB+✔

Homestar Finance 8.60 Nil 50000.00✔Invt Standard Variable 97%Both ✘595.00 N/A✔

Homestar Finance 8.95 Nil 50000.00✔Invt Intro 1yr Construct 95%IO ✘595.00 N/A✔

Horizon Credit Union 8.70 5/m 20000.00✔Invt Basic Home Loan 95%Both ✘935.00 N/A✔

HSBC 8.67 Nil 100000.00✔Home Value Investment 95.00%Both ✘825.00 AA✔

Illawarra CU NSW 8.67 8/m 30000.00✘Basic Home Loan Invest 95%P+I ✘957.50 N/A✔

IMB Limited 8.88 Nil 75000.00✔Invt Budget Blue Loan 100%Both ✘758.50 BBB✔

ING Direct 8.74 Nil 50000.00✔Inv Mortgage Simplifier 95%Both ✘220.00 AA✔

Lifeplan Funds Managemnt 8.74 Nil 20000.00✔Investment FlexiSmart 97%P+I ✘497.13 N/A✔

Members Equity Bank 9.09 Nil 50000.00✔Inv Ultimate SuperMember 95%P+I ✔Nil BBB✔

Mortgage House of Aust 8.54 Nil 200000.00✔Invt Pure Basic 76%P+I ✘599.95 N/A✔

Mortgage House of Aust 8.74 Nil 50000.00✔Invt Freedom Home Loan 90%P+I ✘500.00 N/A✔

Newcastle Permanent 9.04 Nil No min✔Investment Real Options 100%Both ✘Nil BBB+✔

Newcastle Permanent 8.34 Nil No min✔Invt 1yr Discount Rate 100%Both ✘300.00 BBB+✔

NSW Teachers CU 9.00 Nil 20000.00✔Investment Variable IO 95%IO ✘400.00 N/A✔

NSW Teachers CU 9.00 Nil 20000.00✔Investment Flexi Choice 95%P+I ✘400.00 N/A✔

Pacific Mortgage Corp 8.99 Nil 30000.00✔Inv Premium Access 95%Both ✘654.50 N/A✔

Pacific Mortgage Corp 8.51 Nil 30000.00✔Inv 18mth Var Discount 95%Both ✘654.50 N/A✔

Pacific Mortgage Corp 7.44 Nil 30000.00✔Inv 6 mth Var Discount 95%Both ✘654.50 N/A✔



Police CU SA 8.90 10/m 50000.00✔Invt Discount Variable 100%P+I ✔781.08 N/A✘




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�� "strong value"Powerstate Credit Union 9.32 Nil 5000.00✔Investment Variable 90%Both ✔732.25 N/A✔

Qantas Staff CU 9.09 Nil No min✔Invt Options Var IO 80%IO ✘600.00 N/A✘

Qantas Staff CU 8.09 Nil No min✔Invt Plus Honeymoon 1yr 80%P+I ✔600.00 N/A✔

Qld Police Credit Union 8.63 Nil 250000.00✔Invt Select Home Loan (Invt Select H/L <$350k) 97%Both ✘830.00 N/A✔

Qld Professional CU 8.95 10/m No min✘Invt Friendly Home Loan 90%Both ✔679.00 N/A✔

QuickDirect Online Mort 8.54 Nil 50000.00✔Invt Variable Loan 95%Both ✘Nil N/A✔

RAMS Home Loans 8.69 Nil 50000.00✔Inv Basic 95%Both ✘845.00 N/A✔

RAMS Home Loans 8.99 120/a 25000.00✔Inv Smartway 95%Both ✘845.00 N/A✔

Rate Busters 8.72 Nil 80000.00✔Inv Fast Trak Fee Buster 95%Both ✘1770.00 N/A✔

RESI Mortgage Corp 8.94 Nil 30000.00✔Invt Complete Home Loan 95%Both ✘616.00 N/A✔

Satisfac Credit Union 8.45 Nil 250000.00✘Invt Smart Loan <1250M 90%P+I ✘815.00 N/A✔


9.00 8/m 20000.00✔Investment Variable 97%Both ✘600.00 N/A✔

SUNCORP 8.72 25/m 250000.00✔Investment Variable (Invt MMger Var $250k+) 100%Both ✔Nil A+✔

SUNCORP 8.84 Nil 10000.00✔Invt Back to Basics 100%Both ✘600.00 A+✔

Sydney Credit Union 8.58 Nil 25000.00✔Inv Basic Home Loan 100.00%P+I ✘768.00 N/A✔

TIO Banking 8.75 349/a 250000.00✔Investment Variable (Inv ExtraMiles >$250k) 95%Both ✔400.00 N/A✔

Unicom Credit Union 8.67 8/m 30000.00✘Basic Home Loan Invest 95%P+I ✘957.50 N/A✔

Victoria Teachers CU 8.97 Nil No min✔Invt Offset Home Loan 95%Both ✔600.00 N/A✔

Victoria Teachers CU 8.47 Nil No min✔Invt Basic Home Loan 95%P+I ✘600.00 N/A✔

Warwick Credit Union 8.89 5/m 20000.00✔Invt Essential Home Ln 95%Both ✘1082.00 N/A✔

Westpac 9.36 199/a 25000.00✔Rocket Investment Loan 100%Both ✔750.00 AA✔

Wizard Home Loans 8.71 Nil 50000.00✔Investment Clear Value 100%Both ✘760.00 N/A✔

Wizard Home Loans 8.64 295/a 250000.00✔Invt Smart Choice Loan (Invt VIP Advantage <500K) 100%Both ✘645.00 N/A✔

� "rising star"Acura Finance 8.60 Nil 30000.00✔Inv Rate Buster 95%Both ✘1397.00 N/A✔

Acura Finance 8.75 Nil 30000.00✔Inv Premium 95%Both ✘Nil N/A✔

First Option CreditUnion 8.54 Nil 5000.00✔Inv Mortgage Secured 95%P+I ✔712.00 N/A✔

Homestar Finance 8.45 395/a 30000.00✔Invt Fleximax Variable 100%Both ✘1615.00 N/A✔

Loan Australia Corp 8.50 Nil 100000.00✔Inv Optimiser Plus Var 95%Both ✘350.00 N/A✔

Macarthur Credit Union 8.60 Nil No min✘Property Invest Loan 95.00%P+I ✘1000.00 N/A✔

Macquarie Credit Union 8.25 Nil 150000.00✘Inv Power Home Loan 95%Both ✘975.00 N/A✔

Maxim Home Loans 8.79 330/a 250000.00✔Inv Maximiza HL Pro Pack 95%Both ✘673.00 N/A✔

RAMS Home Loans 8.69 300/a 250000.00✔Inv Smartway ProPack1 95%Both ✘845.00 N/A✔

RESI Mortgage Corp 8.60 Nil 30000.00✔Inv SwitchnSave 24m Intr 100%Both ✘616.00 N/A✔




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�� "average value"Adelaide Bank 9.00 10/m 250000.00✔Investment Variable>250k 100%Both ✔695.00 BBB+✔

Adelaide Bank 8.99 10/m 10000.00✔Inv SmartFit Variable 90%Both ✔695.00 BBB+✔

AIMS Home Loans 9.06 Nil 50000.00✔Invt Gold Standard Var 95%Both ✔660.00 N/A✔

AMP Banking 8.77 349/a 250000.00✔Invt Classic Variable (Inv Prof Pkg Var <$750k) 95%Both ✔545.00 A-✔

AMP Banking 8.67 349/a 250000.00✔Inv ProfPkg Intro <$750k 95%Both ✔545.00 A-✔

ANZ 9.37 5/m 20000.00✔Investment Variable 95%Both ✔600.00 AA✔

Arab Bank Australia 9.40 Nil 15000.00✔Invt Standard Variable 95%Both ✘600.00 A-✔

Aussie Home Loans 8.90 40/q 200000.00✔Invt Premium Plus<$350k 95%Both ✘350.00 N/A✔

CHS Home Loans 8.82 8/m 20000.00✘Invt RateSaver Home Loan 100%Both ✘700.00 N/A✘

Citibank 8.85 Nil 50000.00✔Invest Basic Variable 100%Both ✘250.00 AA+✔

Colonial 8.30 8/m 10000.00✔Invt 12mth Discount Var 97%Both ✔700.00 AA✔

Colonial 9.33 8/m 10000.00✔Investment Variable 100%Both ✔700.00 AA✔

Colonial 8.82 8/m 10000.00✘Invt Rate Saver Int Only 100%IO ✘700.00 AA✔

Colonial 8.82 8/m 10000.00✘Invt Rate Saver HL P&I 100%P+I ✘700.00 AA✔

Commonwealth Bank 8.30 8/m 10000.00✔Invt 12mth Discount Var 97%Both ✔700.00 AA✔

Commonwealth Bank 8.82 8/m 10000.00✘Invt Economiser HL P&I 100%P+I ✘700.00 AA✔

Commonwealth Bank 9.33 8/m 5000.00✔Investment Variable 100%Both ✔550.00 AA✔

Credit Union Australia 8.29 Nil No min✔Invt Intro 1yr Variable 97%Both ✔795.00 N/A✔

FCCS Credit Union 8.80 Nil 250000.00✘Investment Variable>$250 95%Both ✘Nil N/A✔

FCCS Credit Union 8.65 395/a 250000.00✔Invt Premium Var >$250K 95%Both ✘485.00 N/A✔

HomeSide Lending 8.94 Nil 50000.00✔Inv Plain and Simple P+I 95%Both ✘300.00 AA✔

HomeSide Lending 8.89 10/m 250000.00✔Invt Reducible Mortgage (Invt HomePlus Pkg >250) 95%Both ✔600.00 AA✔

HomeSide Lending 9.05 Nil 50000.00✔Plain and Simple IntOnly 95%Both ✘300.00 AA✔

HSBC 8.85 20/m 150000.00✔Investment Home Smart (Invt HomeSmart Power Pkg 80.00%P+I ✘525.00 AA✔

HSBC 8.85 20/m 150000.00✔Investment Variable (Invt Power Vantage Pkg) 95.00%Both ✘525.00 AA✔

Hunter Mutual 8.65 Nil 10000.00✘Invt Basic Home Loan Var 95%P+I ✘850.00 N/A✔

Hunter United Credit Un 8.99 2/m No min✔Inv Standard Variable (Inv Standard VariablePkg) 95%P+I ✘730.00 N/A✔

IMB Limited 8.31 10/m 1000.00✔Invt Discount Var 1 year 100%Both ✘758.50 BBB✔

Intech Credit Union 8.95 Nil 30000.00✔Investment Loan 95%IO ✔835.00 N/A✔

Macquarie Credit Union 8.80 Nil 10000.00✘Investment Property Var 95%Both ✘700.00 N/A✔

Maitland Mutual BS 8.99 Nil 50000.00✘Invt Mutual Home Loan 100%Both ✘300.00 N/A✔

Memberfirst Credit Union 8.80 Nil No min✘Investment Variable 95%P+I ✘795.00 N/A✔

Memberfirst Credit Union 8.85 Nil 100000.00✘Inv Premium Var 100% Off 95%P+I ✔795.00 N/A✔




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�� "average value"Members Equity Bank 9.14 Nil 40000.00✔Investment Std Variable 95%Both ✘Nil BBB✔

Members Equity Bank 9.14 Nil 40000.00✔Invt Interest Only Loan 95%Both ✘Nil BBB✔

Mortgage House of Aust 8.04 Nil 50000.00✔Invt Intro Thrifty Acc 90%P+I ✘599.95 N/A✔

Mortgage House of Aust 8.69 Nil 50000.00✔Invt Thrifty Access 90%P+I ✘599.95 N/A✔

nab 9.36 8/m 20000.00✔Invt Standard HomeLoan V 100%Both ✔600.00 AA✔

nab 8.27 10/m 20000.00✔Invt 12mth Intro Var 95%P+I ✘600.00 AA✔

Newcastle Permanent 9.26 7/m No min✔Invt Premium Variable 100%Both ✔Nil BBB+✔

Police Credit 9.14 Nil 10000.00✔Investment Variable 90%Both ✘856.25 N/A✔

Savings & Loans Cred Un 9.37 Nil 20000.00✔Investment Variable 100%Both ✘600.00 N/A✔

St George Bank 9.67 10/m 10000.00✔Investment Variable 95%Both ✔700.00 A+✔

St George Bank 8.54 10/m 10000.00✔Inv Discount Var Rate 95%Both ✔700.00 A+✔

Uni Credit Union 8.65 250/a 250000.00✘Invt EducatorsPack<$500k 97%P+I ✘Nil ✔

United Credit Union 9.15 8/m No min✔Invt Classic Home Loan 95%Both ✘600.00 N/A✘

Westpac 8.78 10/m 40000.00✘Invt First Option HL 97%P+I ✘900.00 AA✔

Westpac 9.36 10/m 25000.00✔Variable Invt PropertyLn 100%Both ✔900.00 AA✔

� "satisfactory value"Adelaide Bank 8.87 Nil 50000.00✔Investment Greatsaver 100%P+I ✘695.00 BBB+✔

AIMS Home Loans 9.61 Nil 50000.00✔Investment Complete Var 95%Both ✘660.00 N/A✔

Alliance One CreditUnion 9.35 Nil 10000.00✔Invt Property Home Loan 90%P+I ✔1068.88 N/A✘

Arab Bank Australia 7.99 8/m 50000.00✔Invt HeadStart Int 12mth 95%P+I ✘600.00 A-✔

Arab Bank Australia 7.09 8/m 50000.00✔Invt HeadStart Intr 6mth 95%P+I ✘600.00 A-✔

Aussie Home Loans 8.84 Nil 50000.00✔Investment Basic Var 95%Both ✘600.00 N/A✔

Aussie Home Loans 9.30 Nil 50000.00✔Invt Standard Variable 95%Both ✘600.00 N/A✔

Austral Mortgage 9.30 Nil 50000.00✔Invt Homebuyer Plus 90%Both ✔350.00 N/A✔

Austral Mortgage 9.05 299/a 100000.00✔Invt Investor Advantage 85%Both ✘250.00 N/A✔

Australian Defence CU 8.84 Nil 30000.00✔Investment Home Loan 95%Both ✘300.00 N/A✘

B & E 8.72 Nil 250000.00✘Inv TopLine DiscVar >250 95%P+I ✔400.00 N/A✔

Bank of Queensland 9.37 8/m No min✔Investment Variable 100%Both ✔595.00 BBB+✔

BankSA 9.17 10/m 10000.00✔Investment Variable (Investment Workplace Pkg) 95%Both ✔600.00 A+✔

BankSA 9.42 10/m 10000.00✔Investment Variable 95%Both ✔700.00 A+✔

BankSA 8.29 10/m 10000.00✔Invt Disc Great Start 95%Both ✔700.00 A+✔

BankWest 8.60 Nil 20000.00✔Invt MortShredder 1y Var 95%Both ✔700.00 AA-✔

BankWest 9.55 Nil 20000.00✔Invt Mortgage Shredder 95%Both ✔700.00 AA-✔

Bendigo Bank 9.10 8/m No min✘Investment Variable (Invt Bendigo HomeLn Pkg) 90%Both ✔685.00 BBB+✔




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� "satisfactory value"BMC Mortgage 9.29 Nil 50000.00✔Invt Standard Variable 97%Both ✘685.00 N/A✔

BMC Mortgage 9.10 Nil 50000.00✔Invt Challenger Variable 95%Both ✘660.00 N/A✔

BMC Mortgage 9.15 Nil 250000.00✔Invt Premium Choice Var 97%Both ✘725.00 N/A✔

Capricornia CU 9.03 Nil No min✘Investment Variable 95%Both ✔400.00 N/A✔

CHS Home Loans 9.33 8/m 10000.00✔Investment Variable 97%P+I ✘700.00 N/A✔

Citibank 9.04 350/a 200000.00✔Invt Offset Variable (Mort Plus Off Inv <300K) 95%Both ✔250.00 AA+✔

Citibank 9.04 350/a 200000.00✔Invest Standard Variable (Mortgage Plus Inv <$300K 100%Both ✔250.00 AA+✔

Coastline Credit Union 8.79 8/m 50000.00✘Invt Options Home Loan 90%P+I ✘755.00 N/A✔

Coastline Credit Union 7.04 8/m 250000.00✘Invt Intro Rate Option 95%P+I ✘755.00 N/A✔

Collins Home Loans 9.07 345/a 250000.00✔Inv Professional 95%Both ✘870.00 N/A✔

Collins Home Loans 9.04 Nil 50000.00✔Inv Standard Variable 95%Both ✘870.00 N/A✔

Community CPS Australia 9.30 Nil 10000.00✔Invt Parent Variable 95%Both ✘845.00 N/A✔

Defence Force CU 8.84 Nil 50000.00✘Invt TrueValue Home Loan 95.00%P+I ✘400.00 N/A✔

Encompass Credit Union 8.99 Nil No min✔Investment Mortgage Loan 95%P+I ✘910.00 N/A✔

First Choice CreditUnion 8.85 Nil 30000.00✘Investment Home Loan Var 90%P+I ✘697.00 N/A✔

GE Money 8.87 295/a 250000.00✔Invt FlexibleOption >250 95.00%Both ✘Nil N/A✔

Greater Building Society 9.05 Nil No min✔Inv Standard Variable 95%Both ✘Nil BBB+✔

Heritage Building Soc 9.29 Nil 20000.00✔Investment Premium Var 90%Both ✔600.00 BBB+✔

Heritage Building Soc 9.13 5/m 20000.00✔Investment Variable Loan 90%Both ✘600.00 BBB+✔

Holiday Coast CU 9.20 Nil 100001.00✘ 95%P+I ✘580.00 N/A✔

Homeloans 9.36 Nil 10000.00✔Inv Balanced Special 90%Both ✔894.00 N/A✔

Homeloans 8.89 Nil 50000.00✔Inv Smart Saver 95%Both ✘989.00 N/A✔

Horizon Credit Union 9.10 Nil No min✔Invt Classic Home Loan 95%Both ✘785.00 N/A✔

HSBC 8.35 Nil 50000.00✔Invt HomeSmart Intro 1yr 95.00%P+I ✘825.00 AA✔

HSBC 8.22 25/m 50000.00✔Invt 1 Yr Disc Variable 97.00%Both ✘825.00 AA✔

HSBC 9.35 Nil 100000.00✔Investment Variable 95.00%Both ✘825.00 AA✔

Hunter United Credit Un 9.29 2/m No min✔Inv Standard Variable 95%P+I ✘730.00 N/A✔

Illawarra CU NSW 9.15 8/m 30000.00✘Investment Variable 95%P+I ✘957.50 N/A✔

IMB Limited 9.31 Nil 10000.00✔Investment Variable 100%Both ✔758.50 BBB✔

Industries Mutual CU 8.65 Nil 250000.00✘Inv True Advant Plus Pkg 95.00%P+I ✘600.00 ✔

La Trobe Country Credit 9.07 Nil 30000.00✘Invt Securitised Loan 90%P+I ✘1009.50 N/A✔

Lifeplan Funds Managemnt 9.29 Nil 20000.00✔Investment Variable 97%Both ✘675.00 N/A✔

Loan Australia Corp 8.91 Nil 50000.00✔Inv Flexi-Plus Var 95%Both ✘1085.00 N/A✔

Loan Australia Corp 8.90 Nil 50000.00✔Inv Optimiser Variable 95%Both ✘1085.00 N/A✔




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� "satisfactory value"Maroondah Credit Union 8.80 Nil 15000.00✘Investment Variable 95%Both ✘1216.00 N/A✔

Members Equity Bank 9.44 Nil 50000.00✔Invt Ultimate Offset 95%P+I ✔Nil BBB✔

Mortgage House of Aust 9.44 Nil 10000.00✔Invt Engage 90%Both ✘550.00 N/A✔

Police CU NSW 8.91 Nil 30000.00✔Investment Variable 90%Both ✔1045.00 N/A✘

Police CU SA 9.50 Nil 30000.00✔Investment Variable Loan 100%Both ✔781.08 N/A✔

Qld Police Credit Union 9.13 Nil 50000.00✔Investment Standard Var 95%Both ✘830.00 N/A✔

Qld Police Credit Union 8.63 Nil No min✔Basic Home Loan Invest 95%P+I ✘830.00 N/A✘

Qld Professional CU 9.45 Nil No min✘Investment Variable 90%Both ✔679.00 N/A✔

Railways Credit Union 9.10 Nil 5000.00✘Investment Mortgage Loan 90%Both ✘550.00 N/A✔

RAMS Home Loans 8.54 300/a 100000.00✔Inv IO Maximiser 95%IO ✘845.00 N/A✘

RAMS Home Loans 9.29 Nil 50000.00✔Inv Standard Var 95%Both ✘845.00 N/A✔

Rate Busters 9.00 Nil 80000.00✔Inv Fee Buster 95%Both ✘220.00 N/A✔

RESI Mortgage Corp 8.14 Nil 30000.00✘Invt Low Start 95%Both ✘1166.00 N/A✔

RTA Staff CU 9.24 Nil 10000.00✘Investment Standard Var 95%P+I ✘398.00 N/A✔


8.50 8/m 20000.00✔Investment Basic Var 97%Both ✘600.00 N/A✘

SGE Credit Union 9.49 Nil 20000.00✔Invt Premium Invest Var 97%P+I ✔590.00 N/A✔

SUNCORP 9.42 10/m 10000.00✔Investment Variable 100%Both ✔600.00 A+✔

Sutherland Credit Union 9.41 8/a 50000.00✔Investment Home In One 95%P+I ✔1055.00 N/A✔

Sutherland Credit Union 9.41 Nil 50000.00✔Investment Home Plus 95%P+I ✔1055.00 N/A✔

Sydney Credit Union 9.14 Nil 25000.00✔Inv Mortgage Secured Ln 100.00%Both ✔768.00 N/A✔

Unicom Credit Union 9.15 8/m 30000.00✘Investment Variable 95%P+I ✘957.50 N/A✔

United Credit Union 9.37 8/m No min✔Investment AccessPlus HL 95%Both ✘600.00 N/A✔

Wagga Mutual Credit Un 8.20 Nil No min✘Invt Wagga Gold HomeLoan 95%P+I ✘580.00 N/A✔

Wagga Mutual Credit Un 9.20 Nil No min✘Invt Standard Variable 95%P+I ✘880.00 N/A✔

Warwick Credit Union 9.47 Nil 10000.00✔Invt Classic Home Loan 95%Both ✔982.00 N/A✔

Warwick Credit Union 9.22 5/m 15000.00✔Invt Premium Home Loan 95%Both ✔982.00 N/A✔

Wizard Home Loans 9.29 Nil 50000.00✔Invt Smart Choice Loan 100%Both ✘760.00 N/A✔




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�� "superior value"ANZ 8.77 340/a No max✘Equity Manager (Breakfree EqtyMng >$250k) 90%✔ Semi-AnnualNil AA

ANZ 8.77 150/a No max✘Equity Manager (Prof Equity Mng >$250k) 90%✔ Semi-Annual600.00 AA

Commonwealth Bank 9.63 500/a No max✘Portfolio Loan 80%✔ Annual100.00 AA

Gateway Credit Union 8.94 Nil No max✘EquitiSmart Home Loan 80%✘ Annual600.00 N/A

Intech Credit Union 8.95 Nil 750,000.00✔Mortgage Master 80%✘ Annual835.00 N/A

Select Credit Union 8.99 Nil No max✔Super Equity Access 95%✔ Annual727.00 N/A

St George Bank 9.07 375/a No max✘Portfolio Loan (Port Advantage Pkg>$250K) 90%✔ N/A100.00 A+

�� "exceptional value"ANZ 9.37 150/a No max✘Equity Manager 90%✔ Semi-Annual600.00 AA

Bank of Queensland 8.67 375/a No max✘Line of Credit (Line of Credit Pkg>$250k) 90%✔ Annual100.00 BBB+

Colonial 9.15 Nil No max✘CALIA+ 80%✔ N/A150.00 AA

Colonial 8.68 350/a 349,999.99✘Residential Equity (Mort Adv Pkg 250k-349k) 90%✘ Annual100.00 AA

Colonial 8.88 350/a 349,999.99✘Viridian LOC QuartRetail (MortAdv Pkg Ref250k-34 90%✘ Annual100.00 AA

Commonwealth Bank 8.68 Nil 749,999.99✘Viridian LOC QuartRetail (Equity Wealth Vir Pkg 2) 90%✘ Annual100.00 AA

Commonwealth Bank 8.88 Nil 349,999.99✘Residential Equity (Equity Wealth Res Pkg 2) 90%✘ Annual100.00 AA

HomeSide Lending 8.84 70/s No max✘Peak Perform Disc >250 90%✘ Annual600.00 AA

nab 8.93 550/a 499,999.99✔Portfolio Facility >250K 90%✔ AnnualNil AA

nab 9.36 375/a No max✘National Flexi Plus (Choice Pkg Flexi Plus) 90%✔ AnnualNil AA

Newcastle Permanent 8.64 250/a 499,999.99✘Real Equity (PremiumPlus Pkg LOC<500K) 90%✔ AnnualNil BBB+

State Custodians 8.69 Nil 2,500,000.00✘Breathe Easy Home Loan 95%✘ N/A520.00 N/A

Westpac 8.81 395/a No max✘Equity Access Loan (Equity Advant Pkg $250k+) 92%✔ Semi-AnnualNil AA

�� "strong value"Adelaide Bank 9.10 150/a No max✘HomeBuyer Power (HomeBuyer Power Exec Pkg) 100%✔ N/A695.00 BBB+

Arab Bank Australia 9.40 150/a 500,000.00✘Line of Credit 90%✔ Annual600.00 A-

BankSA 9.27 14/m 200/a No max✔Portfolio Loan (Portfolio Workplace Pkg) 90%✔ N/A800.00 A+

CHS Home Loans 9.38 12/m No max✘Residential Equity 90%✘ Annual700.00 N/A

Colonial 9.38 12/m No max✘Residential Equity 90%✘ Annual700.00 AA

Colonial 9.38 12/m No max✘Viridian LOC QuartRetail 90%✘ Annual700.00 AA

Commonwealth Bank 9.38 12/m No max✘Viridian LOC QuartRetail 90%✘ Annual700.00 AA

Commonwealth Bank 9.38 12/m No max✘Residential Equity 90%✘ Annual700.00 AA

Community CPS Australia 9.45 Nil 2,000,000.00✔All-in-One Account 90%✔ Annual695.00 N/A

Companion CU 9.01 10/m No max✘Line Of Credit 90%✘ Annual558.00 N/A

Defence Force CU 9.05 300/a No max✘Smart Mover 80.00%✔ N/ANil N/A

Fire Services CU 8.95 Nil No max✔Mortgage FlexiCredit 80%✔ Annual548.50 N/A

HSBC 8.93 20/m 1,000,000.00✔Home Equity Loan (Power Vantage Hme Pkge) 80.00%✘ Annual525.00 AA


Rates are correct as at 17th September 2008 Page 1 of 4REVOLVING LINE OF CREDIT:


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�� "strong value"IMB Limited 8.81 Nil 299,999.99✔Equity Line Advantage (EquityLine Profes200-300) 100%✘ N/A758.50 BBB

Mortgage Ezy 8.44 99/q 2,000,000.00✔Niva Line of Credit 90%✘ N/A810.00 N/A

nab 8.84 15/m No max✘Home Equity LOC 90%✔ Annual600.00 AA

nab 9.51 250/a No max✘National Flexi Plus 90%✔ Annual600.00 AA

Newcastle Permanent 9.24 5/m No max✘Real Equity 90%✔ AnnualNil BBB+

Qantas Staff CU 9.09 Nil 3,000,000.00✘Access Loan 80%✘ N/A600.00 N/A

RAMS Home Loans 8.79 300/a 499,999.99✘LOC Pro Pack 1 90%✔ N/A845.00 N/A

RAMS Home Loans 9.09 200/a No max✘Line of Credit 90%✔ N/A845.00 N/A

Savings & Loans Cred Un 9.51 Nil No max✘Line of Credit 90%✘ Annual600.00 N/A

Savings & Loans Cred Un 9.01 8/m No max✘Disc Line of Cred >$150k 90%✘ Annual600.00 N/A


9.25 12/m 1,300,000.00✘HomePlus 80%✔ Annual600.00 N/A

St George Bank 9.77 200/a No max✘Portfolio Loan 90%✔ N/A800.00 A+

TAFE & Community CU 8.69 Nil No max✔Mortgage Overdraft 80%✘ Annual990.00 N/A

University Credit Soc 8.70 Nil No max✘Equity Access 80%✘ Annual609.50 N/A

Westpac 9.51 10/m No max✘Equity Access Loan 92%✔ Semi-Annual600.00 AA

Wizard Home Loans 9.29 Nil 750,000.00✔Wealth Power 90%✘ N/A760.00 N/A

Yes Home Loans 9.39 Nil No max✘Equity Access LOC 97%✘ N/A1556.00 N/A

� "rising star"Commonwealth Bank 9.23 745/a 349,999.99✘Portfolio Loan (Portfolio Loan Pkg <350k) 80%✔ Annual100.00 AA

Homestar Finance 8.60 Nil 2,500,000.00✔Equitymax Line of Credit 90%✔ N/A865.00 N/A

Maxim Home Loans 8.79 330/a 1,500,000.00✘Maximiza LOC Pro Pack 95%✘ N/A673.00 N/A

�� "average value"Adelaide Bank 9.50 10/m 150/a No max✘HomeBuyer Power 100%✔ N/A695.00 BBB+

API Home Loans 8.95 Nil 2,500,000.00✘Line of Credit 90%✘ N/A543.00 N/A

Awesome Mortgages 8.95 250/a 2,000,000.00✘Pro Pack 95%✔ N/A960.00

Awesome Mortgages 9.05 Nil 1,000,000.00✘Line of Credit 90%✔ N/A960.00

Bank of Queensland 9.52 6/m No max✘Line of Credit 90%✔ Annual595.00 BBB+

BankSA 9.52 14/m No max✔Portfolio Loan 90%✔ N/A800.00 A+

Credit Union Australia 8.87 Nil 1,000,000.00✘Mortgage Freedom >$250k 97%✔ N/A795.00 N/A

Greater Building Society 9.40 3/m No max✘Constant Credit Equity 90%✔ AnnualNil BBB+

Homestar Finance 9.70 Nil 2,000,000.00✘All in One Loan 90%✔ Annual595.00 N/A

HSBC 9.43 Nil 1,000,000.00✔Home Equity Loan 80.00%✘ Annual725.00 AA

Hunter United Credit Un 9.29 2/m No max✘Home Equity 80%✘ N/A730.00 N/A

ING Direct 9.34 180/a 2,000,000.00✘Smart Home Loan 90%✔ N/A220.00 AA

ING Direct 9.34 Nil 2,000,000.00✘Action Equity Loan 90%✔ N/A220.00 AA




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�� "average value"Maritime Mining & Power 9.04 Nil No max✔Tide you Over HomeEquity 70%✘ N/A875.00 N/A

MyRate 9.25 Nil 599,999.99✘All-in-One Loan <600K 90%✔ N/ANil N/A

one direct home loans 8.54 Nil No max✘Equity Loan 90%✘ N/A310.00 N/A

Powerstate Credit Union 9.32 Nil No max✔Flexi Power 90%✘ N/A732.25 N/A

Railways Credit Union 9.10 Nil No max✘Tilt Investment Mort O/D 88%✔ Annual550.00 N/A

Railways Credit Union 9.10 Nil No max✘Tilt All-in-One Mort O/D 88%✔ Annual550.00 N/A

Satisfac Credit Union 8.90 Nil 1,250,000.00✘Home Equity Options<150K (Home EquityOptns <1. 80%✘ Annual815.00 N/A

State Custodians 8.74 395/a 3,000,000.00✘Line of Credit 90%✔ N/A770.00 N/A

SUNCORP 8.72 25/m No max✘Asset Line (MMger Asset Line $250k+) 90%✔ N/ANil A+

� "satisfactory value"A M O Group 8.96 Nil 2,000,000.00✘Line of Credit 90%✘ N/A1165.00 N/A

Aussie Home Loans 9.00 150/a 349,999.99✔Line Of Credit 90%✔ N/A600.00 N/A

Bananacoast Community CU 9.15 Nil 7,000,000.00✘All-in-One Standard 90%✔ Annual740.00 N/A

Bendigo Bank 9.50 8/m No max✘Bendigo Home Equity Loan 90%✘ N/A710.00 BBB+

BMC Mortgage 9.44 Nil 2,000,000.00✘Origin Full Doc 97%✘ N/A685.00 N/A

Citibank 9.31 350/a 299,999.99✔Mortgage Power LOC (MortPlus/Power>$200<$300) 90%✘ N/A250.00 AA+

Coastline Credit Union 8.79 5/m No max✘Home Equity Access >150k 90%✘ N/A755.00 N/A

Encompass Credit Union 8.99 Nil 1,000,000.00✘Mortgage Plus Loan 80%✘ Annual910.00 N/A

Family First CU 8.65 Nil No max✘Smart Credit 90%✘ Annual1036.00 N/A

FCCS Credit Union 9.10 Nil 2,500,000.00✔Standard Line of Credit 95%✘ AnnualNil N/A

FCCS Credit Union 8.95 395/a 2,500,000.00✔Premium Line of Credit 95%✘ Annual485.00 N/A

FCCS Credit Union 9.10 Nil 2,500,000.00✔Equity Line of Credit 95%✘ Annual956.50 N/A

Heritage Building Soc 8.75 250/a No max✔Professional Pack Equity 85.00%✘ AnnualNil BBB+

Heritage Building Soc 9.20 8/m 500,000.00✔Living Equity 85%✘ Annual600.00 BBB+

Horizon Credit Union 9.10 5/m No max✔Handy Loan 80%✘ Annual785.00 N/A

Illawarra CU NSW 9.17 Nil No max✘All in One 80%✘ N/A957.50 N/A

IMB Limited 9.31 Nil No max✔Equity Line Advantage 90%✘ Annual758.50 BBB

Loan Australia Corp 9.07 Nil No max✘Line of Credit Loan 90%✘ m660.00 N/A

Mortgage House of Aust 9.64 150/a No max✔Engage Homeline 90%✘ N/A500.00 N/A

Police CU SA 9.67 Nil 500,000.00✔Equity Plus Home Saver 90%✘ Annual836.08 N/A

Queenslanders CU 9.35 8/m No max✘Home Action Ac 80.00%✔ Annual595.00 N/A

QuickDirect Online Mort 9.19 Nil No max✘All in One Home Loan 95%✘ N/ANil N/A

RESI Mortgage Corp 9.09 Nil 4,000,000.00✘Line of Credit 90%✔ N/A616.00 N/A

SUNCORP 9.42 10/m No max✘Asset Line 90%✔ N/A600.00 A+

Sutherland Credit Union 9.36 10/m 750,000.00✔All Purpose 95%✘ Annual755.00 N/A




SUPERCEDED



PublishedRate (%)



UpfrontInterest

Capitalisatio

n

Ongoing


S+

P R

ating


� "satisfactory value"Sydney Credit Union 9.14 Nil No max✘Sydney Saver 100.00%✘ N/A768.00 N/A

Unicom Credit Union 9.17 Nil No max✘All in One 80%✔ m957.50 N/A

Victoria Teachers CU 9.02 150/a No max✘Revolving Line of Credit 90%✘ N/A600.00 N/A

Warwick Credit Union 9.10 5/m No max✘LifeStyle Eqty > $150k 95%✔ Annual982.00 N/A




SUPERCEDED

CANNEX mortgage star ratings - methodology

What is the CANNEX mortgage star ratings? CANNEX mortgage star ratings is a sophisticated rating methodology, unique to CANNEX, that compares both the Cost and Features across mortgage products. CANNEX star rated products represent a short list of financial products. This short list narrows the search for consumers to products that have been independently assessed and ranked. All star rated mortgages rated from one to five achieved a grade suitable for consumers to consider with qualities ranging from “Superior” to “Satisfactory”. The CANNEX mortgage star ratings is a transparent analysis comparing all types of mortgage products. The results are reflected in a consumer-friendly 5-star concept. The star ratings from the CANNEX mortgage star ratings are described as follows: Superior Product Average Product Excellent Product Satisfactory Product Strong Product Rising Star Only the top 75% of the mortgage products examined actually receive a star rating between 1 and 5. Rising Stars are those products that would be rated 3-star or higher but have not been in the market for over six months. Rising Star products will be formally rated in the next rating period once more historical data is available.

What types of products are evaluated by CANNEX mortgage star ratings? The following are assessed in the ratings:

• Standard Home Loans • Investment Home Loans • 1, 2, 3 and 5 year Fixed Home Loans • 1, 2, 3 and 5 year Investment Fixed Home Loans • Line of Credit

How does it work?

How are the ‘stars’ calculated? Each home loan reviewed for the CANNEX mortgage star ratings is awarded points for its comparative Pricing and for the array of positive Features attached to the product. Points are aggregated to achieve a Pricing score (P) and a Features score (F). In addition to these two categories, we also score products according to their Early Termination Fees (E) and reward those products charging no, or low early termination fees. To arrive at the total score CANNEX applies a weight (w) against the P, F and E. This weight will vary for product type and will reflect the relative importance of either costs or features in determining the best mortgage product. This method can be summarised as:

TOTAL SCORE ( T ) = W1PRICING ( P ) + W2FEATURES SCORE ( F + W3EARLY TERMINATION FEE SCORE (E))

YOUR GUIDE TO PRODUCT EXCELLENCE


SUPERCEDED

CANNEX star ratings methodology

YOUR GUIDE TO PRODUCT EXCELLENCE 2

Refer to Table 1

PRODUCT CATEGORY

PRICING WEIGHT

FEATURES WEIGHT

EARLY TERMINATION FEE

WEIGHT Variable Rate Loans 70% 25% 5%

Fixed Rate Loans 80% 15% 5%

Revolving Line of Credit 55% 40% 5%

Investment Home Loans 75% 20% 5%

Investment Fixed Rate Loans 80% 15% 5%

Pricing Score

Feature Score

Total cost Based on $250,000 loan over 25 years

Product Features Based on 21 different feature categories

Early Termination Fee Score

Early Exit Fees Based on weighted scenarios of exiting in

the first 5 years

Pricing (P) CANNEX accounts for both current and historical AAPR in the calculation of the PRICING (P) component of each product’s overall score. Each of the 6 months is weighted equally to arrive at the average AAPR over the last 6 months. Pricing Scores for Variable and Revolving Line of Credit Loans are based on the total cost for a scenario of a $250,000 loan repaid over 25 years. Cost includes interest cost, upfront, ongoing and discharge fees. Pricing Scores for the Fixed Rate Loans are also based on the total cost for a scenario of a $250,000 loan repaid over 25 years. At the end of each fixed interest period, it is assumed that the borrower will re-fix their loan for the life of the loan. Cost includes interest cost, upfront, ongoing and discharge fees.


SUPERCEDED



Features (F) FEATURES (F) consist of the following sections:

FEATURE CATEGORIES WEIGHTINGS

STANDARD HOME LOANS

INVESTMENT STANDARD

HOME LOANS

FIXED HOME LOANS

INVESTMENT FIXED HOME

LOANS

LINE OF CREDIT LOANS

LENDING TERMS 25% 25% 25% 25% 24% Details of lending eg Max and Min Loan Amounts, LVR, Repayment term options

SPLIT LOANS 9% 9% 8% 8% 8% Splitting options inc max and min split numbers

SWITCH FEES 9% 9% 9% 9% 7% Fees to switch between loan types

ADDITIONAL REPAYMENTS 8% 5% 5% 4% 4% Regulations on amount and

number of additional repayments

OFFSET FACILITY * 13% 9% 8% 4% 0% Availability and access of offset

account

TRANSACTIONAL MORTGAGES * 13% 9% 8% 4% 14% Method, size and cost of redraws

where available BOTH OFFSET & TRANSACTIONAL AVAILABLE?

2% 2% 2% 1% 0% Bonus awarded if both Offset and Transactional facilities available.

MORTGAGE FEES 5% 5% 5% 5% 5% Refund of fees and arrears fees details

CONSTRUCTION LOANS 4% 6% 2% 2% 1% Availability and costs associated

with progressive draws

LENDING AREAS 4% 4% 4% 4% 4% Lending availability in each state SECURITY / EQUITY / GUARANTEE OPTIONS

4% 2% 3% 2% 2% Conditions of guarantor and security provision

TOP UP LOAN FACILITIES 4% 4% 4% 4% 4% Availability and cost of topping up

loan

PORTABILITY 3% 3% 3% 3% 3% Availability and cost of transferring loan

SECURITY REQUIREMENTS 3% 6% 3% 3% 4%

Loan approval requirements eg pay slip and applicability of overseas income

CHANNEL AVAILABILITY 2% 2% 2% 2% 2% Acceptable application methods eg

broker, online, branch

LOAN APPROVED BUT NOT DRAWN 2% 2% 2% 2% 2% Fees and length of time for which

loan is not drawn

LOAN PURPOSE 2% 4% 2% 3% 4% Available for business, personal or any legal purpose

BORROWING ENTITY 1% 3% 1% 2% 2% Available to individual, company or

trust

FIXED INTEREST DETAILS 0% 0% 12% 12% 0% Rate set time and duration and rate

lock fee ABILITY TO PRE-PAY INTEREST 0% 0% 0% 5% 0% Can interest be paid in advance?

LINE OF CREDIT DETAILS 0% 0% 0% 0% 10% Interest paid when in credit details

TOTAL 100% 100% 100% 100% 100%

* For Offset and Transactional categories, higher score of the two is assigned.


SUPERCEDED



Early Termination Fees The fees applicable for exit at each year’s end are indexed and then weighted to provide the Early Termination Fee Score

How many products and financial institutions are analysed? In order to calculate the ratings, CANNEX analyses over 1,750 home loan products from over 140 financial institutions in Australia.

How often are all the products reviewed for rating purposes?

All ratings are fully recalculated every six months based on the latest features offered by each provider. CANNEX also monitors changes on an ongoing basis. The results are published in a variety of mediums (newspapers, magazines, television, websites etc).

Does CANNEX rate other product areas?

YES. CANNEX also rates the suite of banking and insurance products listed below. These star ratings use similar methodologies. This guarantees quality, consistency and transparency. The use of similar star ratings logos also builds consumer recognition of quality products across all categories. Please access the CANNEX website http://www.cannex.com.au if you would like to view the latest CANNEX star ratings reports of interest. Business banking Car insurance

Credit cards Deposit accounts Health Insurance Home & Contents Life Insurance Low-doc home loans Margin lending Mortgages Package banking Personal loans Reward programs

DISCLAIMER To the extent that any CANNEX data, ratings or commentary constitutes general advice, this advice has been prepared by CANNEX (Aust) Pty Ltd ABN 21 053 646 165 AFSL 312804 and does not take into account your individual investment objectives, financial circumstances or needs. Information provided does not constitute financial, taxation or other professional advice and should not be relied upon as such. CANNEX recommends that, before you make any financial decision, you seek professional advice from a suitably qualified adviser. A Product Disclosure Statement relating to the product should also be obtained and considered before making any decision about whether to acquire the product. CANNEX acknowledges that past performance is not a reliable indicator of future performance. Please refer to CANNEX’s FSG for more information at www.cannex.com.au

10% 5 year

25% 4 year

40% 3 year

20% 2 year

5% 1 year

Weighting Exit

Early Termination Fee Score

Fee to terminate the loan excluding interest adjustment cost where applicable


SUPERCEDED



SUPERCEDED - Canstar€¦ · Despite increasing their margins relative to the Reserve Bank (RBA)...

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