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only 3 banks has stopped lending over 80%....there's still like 55+ banks still doing lending in the 90-95% IP space... With Private banking, that is true to a point...as private bankers and business bankers can do the deal under their Commerial books at resi rates. APRA rules is targeting...

Not just Westpac. http://www.abc.net.au/news/2015-05-18/investor-home-loans-tighten-as-regulator-clamps-down/6477134

41 park road, bauklham hills Auction today.... Revere -1.7m First bid - 1.9M Sold for - 2.48m Over 300 ppl.. Enough said.

Most banks will honor the old policy till the pre-approval ( 90days generally) runs out... But in the past some of the smaller banks ...and especially the one that DOES NOT DO A FUll pre-approval will impose the new changes.

I have a feeling they will offer 2 product soon...one rate for IP and one " special rate for PPOR"....as i remember in sep 2013 they had a "broker special " product which had 2 rates - one for IP and PPOR. That product lasted 2 month....hahah

Average cash out policy ....good servicing...and yes they now have in house BB funding. And yes they do have a rental reliant " policy i wont say policy as such..as it's not black and white...but more so the credit guys will ask a lot of question when it's rent reliant and i have...

Mate the last time these policy kicked in was in 2004 and prior to that it was 1991 and in 1984 or something ( i got these data and dates from my mentor) the 2004 one lasted 18 month the 1991 lasted 5-6 years and the 1984 one didnt last long as rated dropped dramatically + it was during the...

Some banks are or have been rolling out 2 set of fixed rate one for PPOr and one for IP ( you guessed it the rate for IP is higher)

havn't had time to read the full thread...but ill answer some of euro's post quickly... ^ ABL is very very decent for servicing esp in the NRAS space...as they DO take th 10k tax credit for existing stock and on a case by case basis....the only disadvantage is they dont do apartments...only...