Reuters reveals Australian banks ease mortgage norms as property market cools | Reuters News Agency
Economy

Reuters reveals Australian banks ease mortgage norms as property market cools

Reuters exclusively reported that two of Australia’s top banks have quietly relaxed some home lending standards, despite authorities urging prudence in recent months amid a falling real estate market. The banks are now less conservative in counting expected rental income when assessing loan applications.

Article Tags
Topics of Interest: Economy
Type: Reuters Best
Sectors: Real Estate
Regions: Oceania
Countries: Australia
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
Australia mortgage
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