I agree the banks are liars... maybe some real competition, especially from the Bank of China for our asian investors here in OZ. here are their current home loan rates...5.5% is not bad for a variable http://www.bocau.com.au/en/1-5-612.html
their commercial loans are not bad either at 6.7... but they do not appear to have fixed rates...
I am pretty certain there is another foreign bank very interested in aus that will give the 'big 4 rip offs ' a run for their money I guess finding one without the Libor scandal might be a bit hard... and how come our banks have not been involved with the Libor scandal ? or is it hush hush just for us ? ps I am not suggesting anyone, or anything here...
