“Team Australia” has been breaking apart for some time now as premiers and federalies tear at each other’s throats. The media is enjoying the COVID state of origin. Now the banks have joined in:
- CBA is tightening leading criteria focussed specifically on any loss of income incurred owing to COVID.
- JobKeeper-syle payments will not longer qualify.
- Resimac is specifically targeting the NSW leper colony with COVID questions.
- Lending delays are lengthening as greater scrutiny is brought to bear.
- Citi has capped DTIs.
- More lenders are expected to follow suit, according to brokers.
Looks like this will slow leper colony property prices at the margin.