Gambling is the latest target of banks in the new world of mortgage lending, with many lenders now questioning betting habits great and small.
Mortgage brokers are warning prospective home buyers who gamble to rethink their habits or risk being unable to borrow from most lenders.
The increased scrutiny even extends to large cash withdrawals, which some lenders may consider an attempt to hide gambling habits.
The number of borrowers affected could be significant, with recent data from the Australian Institute of Family Studies finding 574,000 Australians regularly engaged in wagering on sports.
As if taking out a massive Aussie mortgage is not betting it all on black.
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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