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Major cuts rates

By webmaster 09 March 2011 | 1 minute read

The war between Australia’s major lenders shows no signs of abating, with Westpac slashing interest rates across a number of its mortgages.

>Yesterday, the major announced its plans to cut the interest on its two, three, four, five and 10 year home and investment property fixed loans.

Westpac cut up to 0.20 per cent from the various products, taking its two year fixed rate to just 7.39 per cent from 7.54 per cent.

Just last week the lender announced plans to increase the maximum amount it is willing to lend customers, increasing its maximum loan to valuation ratio (LVR) to 95 per cent.

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12 MONTH GROWTH

array(10) { [0]=> object(stdClass)#16757 (4) { ["postcode"]=> string(4) "3885" ["suburb"]=> string(7) "Bruthen" ["median_twelve_month_growth_percent"]=> string(15) "49.770642201835" ["link"]=> string(22) "/data/vic/3885/bruthen" } [1]=> object(stdClass)#16771 (4) { ["postcode"]=> string(4) "4551" ["suburb"]=> string(12) "Moffat Beach" ["median_twelve_month_growth_percent"]=> string(15) "48.888888888889" ["link"]=> string(27) "/data/qld/4551/moffat beach" } [2]=> object(stdClass)#16756 (4) { ["postcode"]=> string(4) "3550" ["suburb"]=> string(10) "Flora Hill" ["median_twelve_month_growth_percent"]=> string(15) "48.678414096916" ["link"]=> string(25) "/data/vic/3550/flora hill" } [3]=> object(stdClass)#16740 (4) { ["postcode"]=> string(4) "5084" ["suburb"]=> string(7) "Kilburn" ["median_twelve_month_growth_percent"]=> string(15) "47.058823529412" ["link"]=> string(21) "/data/sa/5084/kilburn" } [4]=> object(stdClass)#16735 (4) { ["postcode"]=> string(4) "4415" ["suburb"]=> string(5) "Miles" ["median_twelve_month_growth_percent"]=> string(15) "46.153846153846" ["link"]=> string(20) "/data/qld/4415/miles" } [5]=> object(stdClass)#15882 (4) { ["postcode"]=> string(4) "6714" ["suburb"]=> string(10) "Pegs Creek" ["median_twelve_month_growth_percent"]=> string(15) "46.153846153846" ["link"]=> string(24) "/data/wa/6714/pegs creek" } [6]=> object(stdClass)#16755 (4) { ["postcode"]=> string(4) "2000" ["suburb"]=> string(9) "the Rocks" ["median_twelve_month_growth_percent"]=> string(15) "46.103896103896" ["link"]=> string(24) "/data/nsw/2000/the rocks" } [7]=> object(stdClass)#16752 (4) { ["postcode"]=> string(4) "7304" ["suburb"]=> string(10) "Mole Creek" ["median_twelve_month_growth_percent"]=> string(15) "45.833333333333" ["link"]=> string(25) "/data/tas/7304/mole creek" } [8]=> object(stdClass)#16782 (4) { ["postcode"]=> string(4) "4357" ["suburb"]=> string(10) "Millmerran" ["median_twelve_month_growth_percent"]=> string(15) "45.714285714286" ["link"]=> string(25) "/data/qld/4357/millmerran" } [9]=> object(stdClass)#16747 (4) { ["postcode"]=> string(4) "4567" ["suburb"]=> string(14) "Sunshine Beach" ["median_twelve_month_growth_percent"]=> string(15) "45.632798573975" ["link"]=> string(29) "/data/qld/4567/sunshine beach" } }

Bruthen

49.77%
Moffat Beach

48.89%
Flora Hill

48.68%
Kilburn

47.06%
Miles

46.15%
Pegs Creek

46.15%
the Rocks

46.1%
Mole Creek

45.83%
Millmerran

45.71%
Sunshine Beach

45.63%

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Major cuts rates

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