It is still possible to get approved for mortgages

There has been plenty of talk over recent months about lenders clamping down on risky home loan applications. That does not mean potential borrowers are finding loan approvals harder to get.

Australian Prudential Regulation Authority Chair Wayne Byres said changes to lenders' lending practices will take time to fully flow through.

CoreLogic RP Data reports that the number of valuations per working day remains high and has not fallen in the last few months.

Source: Banking Day

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