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Home loan borrowers are paying the price as competition heats up with cash back deals, one broker says.
ANZ is offering a 1.5 percent cash back incentive to new loans, up to $30,000, until mid-December.
That is about twice the normal cash back that new home loan borrowers can get.
Squirrel chief executive David Cunningham said many other banks were matching it.
Cash back incentives have become the key way that banks attract new customers in recent years.
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