Even more problems for investors in blacklisted postcodes

New legislation proposed in last week’s budget would extend APRA’s (the Australian Prudential Regulation Authority’s) ability to control the non-bank sector.  location smart phone mobile area map techonolgy direction lost help guide

This would put even more pressure on investors who have bought in suburbs blacklisted by the traditional banks and who are looking for alternative lenders.

The Treasurers budget speech suggested that new legislation could allow APRA to “differentiate the application of loan controls by location.”

“Non-ADI’s would also be disinterested in those suburbs, but they may be getting strong inquiries from borrowers who have fallen out of favour with banks,” private lender

Development Finance Partners’ Matthew Royal told the Australian Financial Review.

“Those postcodes would be those which could be overheated … had a lot of borrowing.”

In general these suburbs had similar characteristics – a large number of new high-density developments.

The Black List

Last year the AFR published NAB’s confidential blacklist of 120 suburbs which included Sydney areas like the CBD, Homebush and Parramatta, Melbourne CBD, Brisbane CBD and regional WA and Queensland.

All lenders have similar lists – suburbs where they are not keen on lending.

NAB BlackList Postcodes

Source: AFR


Subscribe & don’t miss a single episode of Michael Yardney’s podcast

Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.

Need help listening to Michael Yardney’s podcast from your phone or tablet?

We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.


Prefer to subscribe via email?

Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.

Rita Thomas


is a Property Strategist with an accounting background and over 30 years’ Commercial Banking experience. She is a passionate property investor who enjoys helping her clients create wealth through property investment using Metropole’s strategic approach.
Visit www.MelbourneBuyersAgent.com.au

'Even more problems for investors in blacklisted postcodes' have no comments

Be the first to comment this post!

Would you like to share your thoughts?

Your email address will not be published.


Michael's Daily Insights

Join Michael Yardney's inner circle of daily subscribers.

NOTE: this daily service is a different subscription to our weekly newsletter so...