News

Bank could add towns to 'high-risk' home loan list

GLADSTONE has been stuck on the National Australia Bank's risky lending hotspot list for more than a year and now more postcodes in the region could be added to that list.

Although NAB has not officially released data on areas it has red-flagged as risky, it's understood those looking to secure home loans in Rosedale, Rules Beach, Bororen, Turkey Beach, Foreshores and Biloela will need to stump up 30% deposits to get a loan.

>>Gladstone on bank's mining town 'risky' home loan list

RISKY: NAB is adding more towns in the Gladstone region to its high-risk list.
RISKY: NAB is adding more towns in the Gladstone region to its high-risk list. Kevin Farmer

A NAB spokeswoman said the bank took into account a range of "economic factors" before considering an area risky for lending.

"NAB ... regularly monitors the performance of local markets to ensure we continue to lend responsibly and sustainably," she said.

"We recognise that no two suburbs are the same, and there are some geographic areas which have been impacted by local conditions.

"We adopt strategies in these geographic areas that seek to reduce the risk to customers and our business," she said.

LJ Hooker's Mark Spearing said the latest areas did not traditionally have a high number of sales and would have little effect on the general market.

"It shows an interesting policy change from the bank because when there was a perception that some of these areas were overvalued they couldn't lend enough money," he said.

"They were falling over themselves to lend and perhaps they should have showed this type of fiscal restraint back then."

Mr Spearing said the volume of sales in Gladstone had increased, with one agent selling five properties last week.

AUSTRALIA'S HIGH-RISK LENDING HOT SPOTS |

NAB high-risk regions where "significant deterioration in credit risk has been observed."

Queensland: 4210 Guanaba, Maudsland, Oxenford; 4211 Advancetown, Beechmont, Binna Burra; 4680 Gladstone; 4717 Blackwater; 4720 Emerald, Yamala; 4740 Mackay; 4743 Suttor, Glanden; 4744 Moranbah; 4745 Dystart; 4746 May Downs, Middleount; 4805 Bogie, Bowen, Gumlu;

Topics:  bank gladstone gladstone region high risk nab



Brisbane's arts and culture events centre stage

A CITY drenched in culture, Brisbane is again flaunting an arts and culture events calendar fit for a queen.

Homewares stores to fulfil your Instagram dreams

No Caption

You too can become an Insta-star with these fab stores.

Date nights under $50

Nothing is more romantic than a picnic with a cracking view.

NOT every date has to cost you a bomb.

Top 10 Brisbane experiences to cross off your bucket list

Do yourself a favour and get amongst the food truck scene. Eat Street is a great place to start.

A GOOD bucket list doesn’t have to span continents or cost millions.

Six mega sporting events you need to be at this year

Don't miss all the action trackside this season.

IF THERE is one thing Brisbane does damn well, it’s play host.

Six reasons to get to Brisbane this Autumn

The Brisbane Powerhouse has free comedy on Friday nights.

AUTUMN has to be up there with one of the best seasons of the year.

The best things to do in Brisbane are FREE. Yes, FREE

Mt Coot-tha is a seriously gorgeous way to start your day.

HEADING to the big smoke doesn’t have to come with a big price tag.

Landry: No airport levee, no South Rockhampton levee

CONSULTATIONS: Capricornia MP Michelle Landry in discussion with Prime Minister Malcolm Turnbull

MP Landry has five conditions before levee gets built.

Thousands of jobs at risk as Adani puts mine on hold

Adani Carmichael Mine.

The Palaszczuk did not make a decision on mine royalties this afternoon

Major Rocky stadium expansion wins key backers

The Capras players thank their fans after a match at Browne Park.

Proposed upgrades met with enthusiasm across political landscape

Local Partners

Hervey Bays to star in international horror flick

A great white thriller that had scenes filmed on the Fraser Coast has been picked up by a major US movie studio.

Cher, 71, and Celine Dion wow world at Billboard Awards

“I’m 71 yesterday and I can do a five-minute plank, OK.”

Judah's return to The Voice stage is a knockout

Judah Kelly performs during his knockout round on The Voice.

QUEENSLAND singer nails Adele hit.

Wentworth star Daniielle Alexis: "I was born a boy"

Wentworth star Daniielle Alexis has revealed she was born a boy

Dwayne Johnson, Tom Hanks announce White House bid on SNL

Dwayne Johnson is “officially” running for president in 2020

What to expect at Birds of Tokyo's Ipswich gig

The band will perform at the Racehorse Hotel on Friday.

BAND member Glen Sarangapany talks music, pub grub and doing shoeys

The Voice: Kelly Rowland stunned by singing trio’s demands

We feel your pain, Kelly.

Trio refused to sing anything but Gospel songs

The face of the Sunshine Coast's overpriced rental crisis

Alyx Wilson had to rent a $385 unit in Currimundi because the market was too competitive for cheaper rental housing. She is now renting a room from friends who own a house in Currimundi, and says its much more affordable.

Young people feel the strain in competitive, expensive rental market

WATCH: Take a tour of a tradie's dream home

5a Bruce Hiskens Court, Norman Gardens, going for $720,000. INSET: Lea Taylor.

Huge block with potential for anything

Deputy Premier makes massive call on controversial sand mine

Aerial view of the proposed Forest Glen sand mine.

BREAKING: State Government makes huge call on Coast sand mine plans

Residents warned as scammers rip off $60k in super

Police are warning people to be aware of a sophisticated telephone scam.

Superannuation, cash targeted by sophisticated scammers

How your body corp could ban pets, turf you from your home

DOG'S LIFE: Lyn Henderson and Tawny love life in their highrise.

Laws to ban dogs/smokers and make it easy to bulldoze units

Ready to SELL your property?

Post Your Ad Here!