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Extremely conservative serviceability, poor lending policies, bait and switch rates. We only use them RARELY for their niches for these reasons.

Interesting to see CBA moving down it's fixed rates in the same announcement - I'm interested to see how the rest of the fixed market reacts.

Difference in philosophy. The point isn't to try hold back the tide, but to mitigate the inevitable ravaging which takes place. The dead wood always needs to be flushed from the system, but there certainly is a point where you don't want efficient actors from being pushed out during the dip...

And I'd say there's been no need. If they're feeling the need to stimulate the economy (read: push more money into property) at this time, what happens when we do hit recession-town.

These cuts are just getting silly now - their negotiating power moving forward is just further eroded.