More good news on housing from the AFR:
ANZ Bank on Thursday said it would no longer offer interest rate discounts to new property investor borrowers who did not also have an owner-occupied home loan with the bank.
…An ANZ spokesman said the change in discounting, effective immediately, meant the bank would no longer offer discounts off its advertised rate, which is currently 5.38 per cent.
“For customers with Investor only lending, ANZ will only offer advertised rates with no discretionary pricing available,” the spokesman said. “For customers with existing owner occupier lending, ANZ will continue to offer discretionary pricing on their investor loans.”
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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