First-time marathon runner wins ‘Run Down The Rate’ marathon

by NZ Adviser31 Oct 2016
Oska Inkster-Baynes ran his first marathon in ASB’s annual Auckland race yesterday and won it. 

The 25 year old’s winning time of 2hr 20.36min saw 12 families also win matching figures for their home loan rate, as part of the ASB Auckland Marathon ‘Run Down The Rate’ campaign (RDTR).  

In addition to the 10 RDTR winners and aided by the bank’s charity partner Starship, ASB also gave the low rate to two more families with children at the national children’s hospital, according to a TVNZ article.

The RDTR winning time creates a two-year fixed home loan rate of 2.20%p.a. for the families. 

The ASB Auckland Marathon started back in 1923, is the only running event that traverses the Auckland Harbour Bridge and is fast gaining an international reputation.

This year’s race saw over 12,500 people entered and 850 volunteers on course

The 10 2016 Run Down The Rate (RDTR) winners were Anita Goodman (Hamilton), Anne Williamson (Christchurch), Carmen Mountain (Auckland), Jane Hossack (Christchurch), Kate Haywood (Auckland), Kayla Janssen (Christchurch), Kevin Hardie (Auckland), Melanie Johnson (Hamilton), Simon Watson (Auckland) and Stephen Rowe (Lower Hutt).

Hamilton-based Anita Goodman said when she discovered she’d be receiving a super-low home loan rate, “it's just awesome! It's a great opportunity to ease the pressure for my partner and I around our workload and mortgage. We love the outdoors and it's an amazing opportunity for my partner to ease off, for us to get out and enjoy everything life has to offer and to carry on with our community efforts," she says.

ASB executive general manager marketing and communications, Roger Beaumont says the ASB Auckland Marathon is a big event on New Zealand’s elite race calendar, and a worthy athletic challenge for every participant.

“This year, we’re delighted to extend the excitement off the course, giving a market-leading interest rate to our Run Down The Rate winners, and two Starship families. With winners hailing from around New Zealand, ASB is pleased to offer each a significant savings in interest on their home loan.”

The 10 RDTR recipients come from around the country; four from Auckland, three from Christchurch, two from Hamilton and one from Lower Hutt. Winners will benefit from the super-low rate in their own way, some are yet to get on the property ladder and it may be the boost they need to make the first step, others will be getting a reprieve from existing repayments.

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