From the ABC:
Mining communities on Tasmania’s west coast are disappointed they will be subject to tighter home lending requirements by a major bank.
The NAB is demanding a 30 per cent deposit for residents in towns including Queenstown, Rosebery and Strahan.
The west coast is facing economic challenges following a downturn in the mining industry.
West Coast Mayor Phil Vickers said the median house price was between $65,000 and $70,000,
He said the NAB move was being unfair on local buyers.
“It’s the good people that suffer, I just think it’s not a good look,” he said.
“I think a deposit’s a deposit and a house is a house.
“It doesn’t matter where it is, in my view if the average deposit should be 10 per cent or 15 per cent that should be across the board shouldn’t it.”
Just as well he’s not a banker. Coming to a suburb near you.
