Westpac has announced it has stopped lending money to foreign property investors.They are doing this due to the risk involved, but the news played up the nationalism angle. Mood is shifting...
First home buyers are being given a crack at entering the property market, after the major lender announced it was banning non-resident borrowers.
Westpac are following in the footsteps of Commonwealth Bank, who last week declared they would no longer accept mortgage applications from non-Australian residents.
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