The proliferation of faults and flammable cladding across Australia’s high-rise apartment market has prompted lenders to tighten mortgage requirements:
Apartment buyers could be forced to stump up higher deposits as nervous lenders consider tightening mortgage restrictions due to Sydney’s oversupply of apartments and fears about building defects…
…”some lenders are considering setting some restrictions to require higher deposits for high-rise buildings that were built in the last few years” [RiskWise Property Research founder Doron Peleg said]…
