The Australian Competition Authority publishes its report in the home loan price inquiry

In its Final Report in the Home Loan Price Inquiry ("Final Report"), the Australian Competition and Consumer Commission ("ACCC") found that many Australians with older home loans continue to pay significantly higher interest rates than those with newer loans. The Final Report focused on perceived impediments to borrowers switching to alternative lenders, and identified recommendations to address specific impediments. The ACCC also recommended that the Government direct it to embark on a further 5-year monitoring inquiry into competition and pricing in the home loan market. The Government's decision on the ACCC's recommendations is pending. WHAT YOU NEED TO KNOW - KEY TAKEAWAYSThe ACCC's Final Report

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  • Ashurst (Sydney)

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Tihana Zuk, The Australian Competition Authority publishes its report in the home loan price inquiry, 1 November 2020, e-Competitions November 2020, Art. N° 99197

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