Big 4 Banks and Mortgage Stress Suburbs

Discussion in 'Property Finance' started by C-mac, 18th Aug, 2015.

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  1. C-mac

    C-mac Well-Known Member

    26th Jun, 2015
    Caught this in the SMH today:

    Does anyone have any postcode lists that big 4 Banks won't lend on? I know the banks hate to disclose these lists, instead preferring to approve/reject individual applications based on their analysis of the said postcode you are interested in going under contract in.

    I know that postcode lists do exist, however. Anyone have a link or resource they care to share, that lists any of them?

    I'm at a stage with pre-approvals where I have to bait-and-test my lenders on postcodes before I sign any contracts of sale , which is fine but there must be a more efficient way!
  2. Kael

    Kael Well-Known Member

    18th Jun, 2015
    Sydney, NSW
    Interesting that Riverstone is on there. Mum has a property there that she's about to develop, so will be interesting to see how it effects her. I'll have to let her know!

    Could be opportunity for potential bargains in the future?
    Esh likes this.