The government clampdown on the so-called property bubble is really kicking-in, with research by the Australian Prudential Regulation Authority (APRA) showing owner-occupied borrowing dropped by six per cent.
Whilst it is certainly harder to get investor finance now. It is far from impossible. According to the APRA research of 20 banks recently surveyed just over half have now tightened their criteria for assessing investor loans.
As a result, the maximum average loan to investor dropped by 12 per cent.
But the lending world is changing day-by-day as the banks adapt to this new paradigm.
Across the country, C&N Finance brokers collaborate on a daily basis. You would be amazed at the loans we have arranged by knowing where to go.
Disclaimer: This article contains general information. Before you make any financial or investment decision you should seek professional advice to take into account your individual objectives, financial situation and individual needs.