Will no one think of the specufestors! Flufferfax will:
Bankwest’s axing of negative gearing benefits for new – and some existing – investor housing loans is being used by Australia and New Zealand Banking Group and National Australia Bank as a marketing opportunity to attract disaffected borrowers looking for alternatives.
The bank, owned by Commonwealth Bank of Australia, confirmed on Monday that the generous tax breaks would not be allowed for calculating loan eligibility for new borrowers leading to a lower amount that a borrower can get.
