Cheap money fires home loan competition

By Clancy Yeates and Jonathan Shapiro
Updated July 31 2014 - 9:08am, first published 3:00am
<i>Source: NAB, Bloomberg</i>
<i>Source: NAB, Bloomberg</i>

Australia's big banks are fuelling their hot competition in the home loan market by ramping up their use of cheap global financing, raising $125 billion on wholesale funding markets in the last financial year.