New proposed rules will impact property investors
A new proposal to strengthen the banking system could force interest rates up on property investor home loans. CoreLogic RP Data’s Craig Mackenzie said the proposal could affect all Australian banks other than the big four and Macquarie Bank.
The proposal from the international Basel Committee, to which Australia usually complies would raise standards on loans where repayments are materially dependent on cash flow generated by the property.
Sourc: Mortgage Business