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1.Market Observations, 8.Was Sticky

4 Oct 2018 (AFR) – 6700 apartment projects across Australia blacklisted for loans by a major bank

(4 October 2018, AFR, p45, by Su-Lin Tan)

A major bank's list of properties with restricted or zero landing (Home Loan Experts)

A major bank’s list of properties with restricted or zero landing (Home Loan Experts)

‘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. Some of the projects where buyers have either been denied loans or offered less funding are 19 Larkin Street in Camperdown in inner-city Sydney, Finbar’s Aire apartments in West Perth and Meriton’s developments on Main Beach on the Gold Coast and 1 Janoa Place in Chiswick, inner west Sydney.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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