My mortgage refinance drawdown date is August 23rd and solicitor preparing the paperwork now. I will pocket 2.1% cashback, not on current mortgage value as I'm exercising the loophole to get 2.1% of 50% of current property value which works out to be $152k in my pocket.
fwiw, my Aussie mortgages have gone down a lot in the last 3 months. I was on 4.74% (investor loans) and then they dropped to 4.49%, then 4.3%, then I called them to enquire if I can get another mortgage and they said they will 'do me a favour' and drop my existing mortgages to 3.94% (not published on their website but they said they will do at their discretion). So total 0.8% wiped off my Aussie mortgages in only 3 months. With money so cheap I'm applying for pre-approval for another mortgage in Aus now at the same time I'm settling with Standard Chartered in Hong Kong. Luckily when I ask the Aussie bank if they want to know about my finances in HK, they say "Dont ask dont tell" and when I ask Standard Chartered in HK they say the same thing