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Major bank announces tighter home loan rules

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Julia Corderoy | 22 Jun 2015, 08:35 AM Agree 0
A major bank has announced further restrictions on home lending, for both owner occupier and investor loans
  • Pete | 22 Jun 2015, 08:58 AM Agree 0
    When 65% of their lending book in for Investor Loans you can understand their need for this sort of move. APRA crack down further on Investor lending it's going to be CBA & Westpac that are going to be the 2 under the most pressure.
  • Regional Broker | 22 Jun 2015, 08:58 AM Agree 0
    Can I suggest these restrictions are at the call of their LMI underwriter.
  • Government sabotage | 22 Jun 2015, 09:13 AM Agree 0
    Well, this is it... Our government seems intent to sabotage our economy at every step. Commonwealth are reacting to criticism from apra, a government department which has too much time in its hands and too much power. Congratulations fools, your about to stamp out nationally the recovery in the housing market. Yet another achievement in wiping out any sign of economic growth in our economy. No wonder consumer confidence is so low, our country is being run by doomsayers!!
  • Skeptikal | 22 Jun 2015, 10:28 AM Agree 0
    The Government needs to leave the homeloan and investor lending to the banks. After all when have the Government ever made surplus margins like the Big Four banks do??
  • Sydmelbriperhob | 22 Jun 2015, 12:18 PM Agree 0
    Well when the bubble pop and the banks collapse, will the property spruikers and brokers bail out the banks? Of course not. The taxpayers will shoulder the burden. So it's just right for the APRA to tighten. And it's just a mild tightening anyway. IMO all investor loans should have 80% LVR limit.
  • Josh | 24 Jun 2015, 10:51 AM Agree 0
    This move makes sense in this climate. The comments here below seem to reflect the investor sentiment about regulation and a potential impending crash. As soon as someone feels they are about to be made a fool or has their crooked hand tied they act aggressively toward those trying to steady the market and mitigate the effects of their crooked or inflationary behaviour. Anything to protect their investment.

    Remember property is only worth as much as as it's productive use, it cannot go on increasing in value when final demand is down. Or when it's value is over the acceptable financial burden a business or residential tenant can afford to accept. I believe we are extremely close to the tipping point.
  • Gavin Doolan | 08 Jul 2015, 12:10 PM Agree 0
    @Government sabotage - yeah because investing in non-productive assets like housing 'creates jobs'.

    You and all your speculator friends just bought at the peak and now it's all downhill from here.

    Enjoy the ride down...

    Not even Negative Gearing will save you.
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