Mortgage News

Westpac reduces appetite risk

Friday 3rd of May 2013

Results released today show Westpac has reduced its proportion of lending above 80% LVR by about 1%, to 21% of its portfolio.

Ian Blair said there had been a lot of talk about how the Reserve Bank could ensure that a housing bubble did not blow out. “Lending responsibly is part of that. We want to stay on the front foot. We don’t want to see the market overheating.”

Earlier this w...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.