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HSBC slashes rates by 30 basis points for investors

HSBC slashes rates by 30 basis points for investors

26 Oct, 2018 - 1 min read

HSBC slashes rates by 30 basis points for investors

In a step away from recent rate hikes of the big four banks, HSBC have reduced its standard variable rate for investors.

The standard variable rate has moved from 6.25 per cent to 5.95 per cent – a reduction of 30 basis points.

Aussie property investors have been hit with higher rates and increased lending scrutiny up until recently. This move from HSBC may bring some welcome relief to investors across the country that strict borrowing conditions could be lessening.

The rate drop follows a similar move made by the lender earlier this week, where new customers applying before 31 December 2018 will be able to snatch up newly reduced rates for owner-occupiers and investors.

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This article is over two years old, last updated on October 26, 2018. While RateCity makes best efforts to update every important article regularly, the information in this piece may not be as relevant as it once was. Alternatively, please consider checking recent home loans articles.

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Alex Ritchie

Personal Finance Editor

Alex Ritchie is a Personal Finance Writer and Editor at RateCity, and has been writing about Australian finance for over six years. Her expertise and passion covers loans, credit, superannuation, and closing the gender pay gap, and she aims to help young Aussies to overcome their financial apathy. Alongside RateCity, Alex has been published in numerous publications, including Australia's Money Magazine, Business Insider, Lifehacker Australia, and in health via NPS MedicineWise.