# Westpac Premier Advantage Home Loan — home loan review

> Reviewed by **Norg Editorial Team**
> Editorial Team, Norg Reviews
> Last reviewed: 2026-05-14T04:48:34.276Z
> Methodology: AussieBanks Review — Home Loans Methodology (v1.0.0)

## Company Overview
- Website: https://www.westpac.com.au/personal-banking/home-loans/
- ABN: 33007457141
- Founded: 1817
- Regulator licence: AFSL 233714
- Vertical: au-banks

## Overall Rating: 3.9 / 5

Based on 0 detailed reviewer perspectives.

Big-Four breadth with a mature broker channel. Package fee structure penalises low-offset users.

## Pros
- Mature broker network and well-trained mortgage specialists

## Cons
- Package fee + base rate combination is uncompetitive without broker-negotiated discount

## Key Takeaways
### 1. Broker discounts are the lever

Going direct to Westpac without broker negotiation typically lands at the headline rate. Brokers routinely negotiate 30–60 bps off — meaningful for a 30-year loan.

### 2. Premier Advantage package is broad but expensive

Includes offset, credit card and additional product discounts. Best value if you bundle ≥3 products and have ≥$50k in offset.

### 3. AFSL 233714 — Westpac Banking Corporation

Established 1817 as the Bank of New South Wales. APRA-regulated, Big Four ADI.

## Detailed Reviews