Which big bank do property investors like?
Westpac is Australia’s largest lender to property investors but reported a decline in investor loan sales last year.
The latest Monthly Banking Statistics from the Australian prudential Regulatory Authority show that ANZ Bank grew investor loan sales by 2.9 per cent, CBA grew its investor loan book by 3.0 per cent and NAB by a massive 9.3 per cent.
Property investors need to carefully compare rates and fees on loans as new rules by APRA have led to many recent product changes.
Source: Mortgage Business