Another day, another clanging death knell for the foreign property buyer boom, from the AFR:
AFR Weekend has obtained a copy of a recent loan application in Chinese and English that bilingual lending experts said was a “ludicrously obvious forgery” for a $960,000 loan to purchase a $1.06 million Sydney apartment.
Nervous lenders are stopping lending to overseas’ borrowers because of growing evidence that thousands of similar loan applications are being processed, or could have been approved and processed.
