From the AFR on the weekend:
National Australia Bank has compiled a confidential borrowers’ blacklist of more than 600 towns and suburbs where it has capped lending to property buyers because of growing risks in the housing market.
Buyers in any of the 120 postcodes across the nation will need a deposit of as much as 30 per cent to be eligible for a loan “to ensure that we are lending responsibly and sustainably”, according to internal documents used by the bank to explain its change in strategy to mortgage brokers.
