Many lenders have hiked interest rates for investors while also making it harder for them to get loans as the regulator tries to take some of the heat out of the investment property market.

Lenders are actively wooing owner occupiers with interest rate discounts, cash-back incentives and fee waivers.

As lending growth to investors begins to soften, competition in the owner-occupied space is heating up.

Lenders are actively wooing owner occupiers with interest rate discounts, cash-back incentives and fee waivers.

As lending growth to investors begins to soften, competition in the owner-occupied space is heating up.

Mortgage Choice chief executive John Flavell says many lenders are offering very competitive owner-occupied home loans in a bid to pick up more of that business.

“In the 20 years I have worked in financial services, I have never seen the level of lender competition we are witnessing now,” Mr Flavell says.

Many lenders are now offering owner occupiers interest rate discounts, with Mortgage Choice saying one unnamed bank has a discount of more than one per cent across its suite of owner-occupied loans.

Several lenders are also offering cash-back incentives of up to $2,000 and waiving fees for owner occupiers, from application to annual and package fees, the mortgage broker says.

Financial comparison website RateCity puts the gap between investor and owner-occupier home loan rates as high as 0.50 percentage points, compared to a difference of 0.02 percentage points in June.

Many lenders have hiked interest rates for investors while also making it harder for them to get loans as the regulator tries to take some of the heat out of the investment property market.

RateCity data shows 55 lenders have introduced differential pricing on mortgages. That includes the major banks, which have increased investor rates by up to 0.48 percentage points and cut owner-occupier rates by as much as 0.39 percentage points since the end of June.

“We’re seeing most of the action from the major banks, which are the main ones with the regulator on their case,” RateCity financial analyst Peter Arnold says.

“Increasingly, smaller lenders are following suit and over time I think we’ll see the majority of lenders use this differential pricing.”

MAJOR BANKS EXTEND GAP BETWEEN INVESTOR AND OWNER-OCCUPIER LOAN RATES

* Investor rates up by:

ANZ 0.30 percentage points

CBA 0.30

NAB 0.39

Westpac 0.48

* Owner occupier rates down by:

ANZ 0.40

CBA 0.30

NAB 0.39

Westpac 0.30

Factbox source: RateCity (maximum margin applied from range of products since June

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About ljgrealestate 据联大

Removing the Hassle from Sales and Rentals across South East Queensland. Aim to Empower other like minded Property Investors. L J Gilland Real Estate is a prestigious boutique agency specializing in Property Investment Management Services and the Sales of Investment Properties with tenants in place. Comprised of a top performing group of handpicked specialists, our Agents proudly serve Property Investors in Queensland. Since 1996 our Agency has demonstrated a genuine enjoyment of working with people, developing long-term relationships and delivering on the promise of great service. Carlos and Linda Debello offer property investor's the confidence to sell and lease in any market. We provide comprehensive market appraisals, exclusive multimedia marketing campaigns, and knowledgeable, highly personalized counsel on all aspects of real estate. Our Property Management Team is equally considerate, offering investors with in-depth advise, well-researched rental valuations, and highly professional rental management services. http://goanimate.com/movie/0M4bvcZzgIbI?utm_source=linkshare&uid=0u6RGtWsmlVc Carlos’ direct mobiles are 0400 833 800 & 0413560808. Linda’s mobiles are 0409995578 & 0414978700 (prefer email contact for Linda). Office 07 3263 6085. http://www.ljgrealestate.com.au http://www.yellowpages.com.au/qld/aspley/lj-gilland-real-estate-pty-ltd-14091356-listing.html http://au.linkedin.com/in/lindajanedebello http://twitter.com/GillandDebello http://www.facebook.com/pages/ljgrealestate
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