You are viewing:-
you're reading...
1.Market Observations, 8.Was Sticky

5 Jan 2017 (AFR) – A third of apartment building cranes in bank blacklisted areas

(5 January 2017, AFR, p1, by: Michael Bleby Matthew Cranston)

‘Over one-third of the cranes building Australia’s next wave of apartments due for completion in the coming two years sit in postcodes “blacklisted” by lenders, raising concerns about settlement failures across the country. New analysis of RLB’s crane index shows that about 38 per cent of cranes counted across Australia’s skylines in the September quarter were located inside areas flagged by lenders as problem spots in which they are seeking to reduce or restrict lending. Of the 625 cranes in Sydney, Melbourne, Brisbane, Perth, Gold Coast and Adelaide 239 are within city postcodes singled out by National Australia Bank and AMP for measures such as lower loan-to-value ratios.’

Read more at (might need AFR login access, or try:

About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.


No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: