Westpac Premier Advantage Home Loan — home loan review
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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: 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
1. Mature broker network and well-trained mortgage specialists

CONS
1. 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