The AFR is today describing what will very likely become the next round of mortgage tightening, risk-aversion in banks:
A major bank has a blacklist of 6700 apartment projects across Australia where buyers are refused loans or are offered reduced loan to value ratios (LVR), according to mortgage broker Home Loan Experts.
…The reasons for loan refusal or reduction include projects being too dense, projects located in areas with a potential oversupply of new units or the bank reaching maximum exposure of loans on a project, managing director Otto Dargan said.
