{"id":12794,"date":"2018-06-21T08:24:02","date_gmt":"2018-06-20T20:24:02","guid":{"rendered":"http:\/\/propertynoise.co.nz\/au\/?p=12794"},"modified":"2018-06-21T08:24:02","modified_gmt":"2018-06-20T20:24:02","slug":"banks-tighten-their-lending-practices","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/banks-tighten-their-lending-practices\/","title":{"rendered":"Banks tighten their lending practices"},"content":{"rendered":"

 <\/p>\n

PHOTO:\u00a0Average new loan sizes could fall 8 per cent amid a regulatory crackdown.\u00a0Photo:\u00a0Glenn Hunt<\/span><\/strong><\/p>\n

Australians will be able to borrow $30,000 less to buy a home as banks tighten their lending practices amid new regulations and a bruising royal commission.<\/p>\n

The average new loan size is expected to fall about 8 per cent \u2013 from $379,000 to $349,000 \u2013 as banks specifically target high-risk loans, according to new Morgan Stanley research.<\/p>\n

New borrowers with a modest deposit are likely to have a \u201cmaterially different\u201d conversation with their banker than prior to the regulation changes, according to IFM Investors chief economist Alex Joiner.<\/p>\n

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  PHOTO:\u00a0Average new loan sizes could fall 8 per centRead More →<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":12795,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478098521,478099659,478099660,478099658,478098519,478098535,478099661,478098753,478099656,478099657,478098513,478098579,478098510,478098514,478098511,478098533,478098509,478099581],"class_list":["entry","author-data123nz","post-12794","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australians","tag-average-new-loan-size","tag-borrowers","tag-high-risk-loans","tag-home-ownership","tag-house-prices","tag-ifm-investors","tag-lending","tag-lending-practices","tag-morgan-stanley-research","tag-property","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agent","tag-real-estate-news","tag-royal-commission"],"yoast_head":"\nBanks tighten their lending practices - 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