National Australia Bank has identified a long list of 120 postcodes where it believes there may be rising risk in the mortgage market, and where it will require home buyers to stump up a deposit of as much as 30 per cent.
The Australian Financial Review reports that a confidential report listed dozens of suburbs have been added to the bank’s list together with new measures intended to tighten scrutiny of household expenditure used to assess loan eligibility.
As you can see from the graphic below NAB’s list is divided into A category postcodes, where loan-to-value ratios are capped at 70 per cent, and B category, where it is 80 per cent.
Source: Australian Financial Review
Not surprisingly those wanting to by an inner city apartment in many suburbs in Brisbane, Sydney and Melbourne will now need a deposit of at least 20 per cent.

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.
'NAB Blacklists 120 postcodes for loans' have no comments
Be the first to comment this post!