The clear dominance of the ‘Big 4’ banks has contributed to a perception that all lenders are the same, but in fact consumers are spoilt for choice.
There are around 55 banks in Australia, over 100 building societies, mortgage managers and credit unions, plus numerous other non bank lenders.
When looking for your next home, widen your search and you might find some great lenders out there.
For more details, check out my “Beyond the Big 4” fact sheet – https://www.mortgageaustralia.com.au/email/files/beyondthebig4.pdf