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.
Economy
Reuters reveals Australian banks ease mortgage norms as property market cools
10 November 2022, 6:48 pm 1 minute
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