2nd hand information so I guess take with a grain of salt but someone I was talking to today said that Westpac had informed them they wouldn't lend over $350k for a house in Adelaide. The indication was this was an across the board thing, not specific to the particular client or house (although perhaps there was a misunderstanding). Also was mentioned they will only go to 75% lend in some metro areas.
Can anyone confirm that Westpac has tightened their lending practices in Adelaide to this level?
Can anyone confirm that Westpac has tightened their lending practices in Adelaide to this level?