Credit tightens for unit lending

Macquarie Bank launches clampdown on high rise lending

Macquarie Units

Barron Gorge? Well that’s not a complete listing of all 120 postcodes reproduced at the AFR and being among the largest postcodes in Qld will simply list all locations within 4870 I guess. Would suspect the beaches postcodes may also be included.

Interesting given the state of the Cairns unit market with minimal approvals and relatively tight vacancy rates. Not sure where such recent trends leaves the highrise Aspial development which still hasn’t come through in ABS approvals stats that I can see.

update: Meanwhile Westpac now appears to have reversed course in the other direction somewhat Westpac lowers deposit hurdle for property investors


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