Ktee Posted April 22, 2016 Report Share Posted April 22, 2016 The Australia and New Zealand Bank has a list of postcodes, concentrated around Western Australia, Queensland and NSW mining towns, that it describes as "not acceptable" for providing lenders mortgage insurance. The number of postcodes has increased from 30 in 2013. Last year June it emerged ANZ required a deposit of at least 30 percent for mortgages in 44 postcodes, including to reflect the “localised downturn in a small number of towns dependent on the mining sector”. "We regularly review lending policies to ensure we are operating within our risk appetite and practising responsible lending for our customers," a spokesman told The Australian Financial Review this week. "There are no designated 'blackspots'," he added. Postcode Suburb State 2835 Bulla NSW 2880 Broken Hill NSW 2898 Lord Howe Is NSW 2899 Norfolk Is NSW 853 Tindal NT 885 Alyangula NT 886 Jabiru NT 4745 Dysart Queensland 4717 Blackwater Qld 4413 Baking Board Qld 4415 Columboola Qld 4702 Alberta Qld 4680 Barney Point Qld 4719 Camboon Qld 4721 Argyll Qld 4744 Morambah Qld 4801 Hayman Is Qld 4803 Hamilton Is Qld 4804 Collinsvile Qld 5725 Olympic Dam SA 5722 Andamooka SA 5731 Bollards Lagoon SA 7470 Rosebery Tas 7467 Lake Margaret Tas 7151 Casey Tas 7257 Cape Barren Is Tas 3852 East Sale Victoria 6716 Fortescue WA 6751 Chichester WA 6760 Marble Bar WA 6429 Coolgardie WA 6718 Roebourne WA 6161 Rottnest Is WA 6430 South Kalgoorlie WA 6432 Boulder WA 6638 Cooladar Hill WA 6639 Sandstone WA 6710 Cane WA 6728 Camballin WA 6798 Christmas Is WA Quote Link to comment Share on other sites More sharing options...
elfie Posted April 24, 2016 Report Share Posted April 24, 2016 Now there's food for thought Quote Link to comment Share on other sites More sharing options...
Bibbs Posted April 26, 2016 Report Share Posted April 26, 2016 They are not "no go" areas, as it bad places for people to visit. They are generally places where the downturn has hit hard, so inflated house prices are dropping quickly as the people leave, and the rent drops. The banks see houses in these areas as too much risk. Quote Link to comment Share on other sites More sharing options...
Ktee Posted April 27, 2016 Author Report Share Posted April 27, 2016 They are not "no go" areas, as it bad places for people to visit. They are generally places where the downturn has hit hard, so inflated house prices are dropping quickly as the people leave, and the rent drops. The banks see houses in these areas as too much risk. Very true, some of the areas are gorgeous. I could live in Argyll Quote Link to comment Share on other sites More sharing options...
Bibbs Posted April 27, 2016 Report Share Posted April 27, 2016 Very true, some of the areas are gorgeous. I could live in Argyll And Rottnest on the list? Yeah, lets see home many houses/blocks of land are for sale?! Quote Link to comment Share on other sites More sharing options...
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