Commonwealth Bank of Australia, the nation’s biggest property lender, is set to announce that it will be indefinitely suspend new finance applications for some investment home loans, in a move that could send shockwaves through the nation’s hot property markets. The CBA, which accounts for one in four of the nation’s loans, has drawn up a confidential memo to be sent to mortgage brokers announcing the changes from next Monday. To read the entire article by Duncan Hughes in the Australian Financial Review, please click here.
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CBA Stops Some Property Investor Loans
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