Bigger loans may mean more chance of approval
Lenders may be showing a renewed interest in encouraging and approving home loan applications in the $1M to $1.5M price bracket.
CoreLogic RP Data reports that Sydney loan sales were very strong in June 2015 and loan volumes in the $1 million to $1.5 million range and the $1.5 million plus range were each up ten per cent.
Because of new focus by regulators on risky loans, lenders could well be inclined to offer better deals in the upper price brackets.
Source: Banking Day