Macquarie is the latest lender to tighten lending criteria on post codes where there are a number of new high rise apartments being built. In a note to brokers, they say that effective now, the LVR ceiling will be dialed back to 70%. Latest approval data shows that at least 200,000 units will flow into the market in coming months, at a time when demand may be slowing, thanks to tighter lending criteria and a reduction in foreign investor loans. Often people will be buying off the plan, and committing to a price, months before the property is built. Macquarie is also tightening a number of other lending criteria. Below are some of the hot spots which we have mapped for Melbourne, Sydney, Brisbane, Gold Coast and Cains.
