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If a buyer has pre-approval and went to auction and bought a property unaware of recent change to LVRs and serviceability calculators, is it likely they are re-assessed by the lender based on the new rules (& potentially rejected) or would their finance be processed based on their pre-approval...

If they are current buyers (i.e. signing contracts after the changes happening now and still to come) then they will be affected by the tighter rules (assuming they are writing new loans to buy and not just buying from existing lines of credit on other properties), you seem to suggest they won't be?

Thanks, that's a fair whack! Market prices are not set by those investors happy to hold their properties, but by the current buyers and sellers in the market of which there is a constant flow. If these changes are enough to impact (in a meaningful way) the price that buyers can pay or even...

Which is roughly how much as a % of their total?