Wordings copied from their website…sorry I'm too lazy to write in my own words:)
I think its a pretty decent rate.
Basic Home Loan Special
The special offers a great incentive to customers who are purchasing, constructing a new home or looking to refinance from another bank.
We are also waiving the establishment fee of $595 for all loans over $150,000. This special is on offer until 31 May 2014.
Not a bad rate. Still prefer uBanks rate and offer
4.62% and $1961 gift card if over $350k