The 600 suburbs where the NAB requires more than a 10 percent deposit for home loans

The 600 suburbs where the NAB requires more than a 10 percent deposit for home loans
The 600 suburbs where the NAB requires more than a 10 percent deposit for home loans

A confidential National Australia Bank borrowers’ blacklist of more than 600 towns and suburbs across Australia has emerged where it has capped lending to property buyers.

It is because of what the bank sees as continued or growing risks in the housing market.

The listed has 120 postcodes across the nation will need a larger deposit of as much as 30 percent to be eligible for a loan “to ensure that we are lending responsibly and sustainably”, according to internal documents used by the bank to explain its change in strategy to mortgage brokers.

NAB’s list is divided into A category postcodes, where loan-to-value ratios are capped at 70 percent, and B category, where it is 80 percent.

Rural Western Australia, South Australia, Northern Territory and Queensland are most affected, with buyers needing a 30 percent deposit to qualify for a loan.

Those wanting to by an inner city apartment in many suburbs in Brisbane, Sydney and Melbourne will need a 20 percent deposit.

Group A 70 percent LVR


6390 Boddington*

6429 Coolgardie*

6436 Menzies, Ularring

6437 Leinster, Sir Samuel

6438 Leonora, Lake Darlot

6440 Bandya, Beadell, Cosmo Newberry, Lake Wells, Laverton, Neale

6442 Kambalda East and West

6442 Meekatharra*

6646 Wiluna, Lake Carnegie, Little Sandy Desert

6710 Cane, Onslow, Peedamulla, Talandji, Yannarie

6713 Dampier

6714 Antonymyre, Balla Balla, Banynton, Bulgarra, Burrup, Cleaverville, Cooya Pooya, Gap Ridge, Gnoorea, Karratha, Karratha Industrial Estate, Maitland, Mardie, Millars Well, Mulataga, Nickol, Pegs Creek, Sherlock, Stove Hill

6716 Pannawonica*

6718 Roebourne, Whim Creek

6720 Cossack, Point Samson, Wickham

6721 Port Hedland*

6722 South Hedland*

6725 Eighty Mile Beach*

6728 St George Ranges*

6751 Tom Price*

6753 Newman

6754 Paraburdoo

6758 Nullagine

6760 Marble Bar


4413 Auburn*

4415 Columboola*

4420 Baroondah*

4455 Wycombe*

4521 Mount Pleasant*

4581 Eurong, Fraser Island, Inskip, Rainbow Beach

4660 Apple Tree Creek*

4674 Oyster Creek*

4678 Bororen, Foreshores, Rodds Bay, Turkey Beach

4680 Gladstone*

4715 Mount Murchison*


4720 Emerald, Yammala

4737 Sarina*

4738 Ilbilbie, Koumala

4740 Beaconsfield*

4741 Mount Ossa*

4742 Burton, Eaglefield, Elphinstone, Hail Creek, Kemmis, Mount Britton, Nebo, Oxford, Strathfield, Turrawulla, Valkyrie

4743 Suttor, Glenden

4744 Moranbah

4745 Cotherstone, Dysart

4746 May Downs, Middlemount

4800 Conway*

4804 Collinsville, Mount Coolon, Mount Wyatt, Newlands, Scottville, Springlands

4805 Bowen*

4820 Campaspe*


5600 Whyalla, Whyalla Playford

5601 Point Lowly*

5608 Whyalla Norrie, Whyalla Stuart

5609 Whyalla Jenkins

5725 Olympic Dam, Roxby Downs NT

0885 Alyangula


7030 Brighton*

7155 Kettering

7467 Queenstown, Lake Margaret

7468 Macquarie Heads, Strahan

7469 Zeehan, Trial Harbour, Renison Bell, Granville Harbour

7470 Rosebery

Group B 80 percent LVR


2000 Barangaroo, Dawes Point, Haymarket, Millers Point, Sydney, The Rocks

2008 Chippendale, Darlington

2017 Waterloo, Zetland

2019 Banksmeadow, Botany

2037 Forest Lodge, Glebe

2067 Chatswood

2112 Denistone East, Putney, Ryde

2118 Carlingford

2127 Newington, Sydney Olympic Park, Wentworth Point

2140 Homebush

2141 Berala, Lidcombe, Rookwood

2142 Camellia, Clyde, Granville, Holroyd, Rosehill

2144 Auburn

2146 Toongabbie

2150 Harris Park, Parramatta

2153 Baulkham Hills, Bella Vista, Winston Hills

2166 Cabramatta, Canley Vale, Canley Heights, Lansvale

2168 Ashcroft, Busby, Cartwright, Green Valley, Heckenberg, Hichinbrook, Miller, Sadleir

2194 Campsie

2195 Lakemba, Wiley Park

2199 Yagoona

2205 Arncliffe, Turella, Wolli Creek

2208 Kingsgrove

2209 Beverly Hills, Narwee

2210 Lungarno, Peakhurst, Riverwood

2211 Padstow

2220 Hurstville

2222 Penhurst

2566 Varroville, Bow Bowing, Minto, Raby, St Andrews

2767 Bungarribee, Doonside, Woodcroft

2769 The Ponds


3000 Melbourne CBD

3004 St Kilda Road Central

3006 South Bank, South Wharf

3008 Docklands

3067 Abbotsford


4000 Brisbane City, Petrie Terrace, Spring Hill

4006 Bowen Hills, Fortitude Valley, HERSTON, Newstead

4010 Albion

4032 Chermside,

4101 HIGHGATE HILL, South Brisbane, West End

4102 DUTTON PARK, Woolloongabba

4215 Labrador, Southport


5000 CBD Adelaide

5001 CBD Adelaide


6000 Perth CBD

6003 Highgate, Northbridge


6005 Kings Park, west Perth

6100 Burswood, Lathlain, Victoria Park

6103 Rivervale NT

800 Darwin

* = and surrounds

“NAB takes into account a range of economic factors, and regularly monitors the performance of local markets to ensure we continue to lend responsibly and sustainably,” a bank spokesperson told The Australian Financial Review.

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

"As a responsible lender, we adopt strategies in these geographic areas that seek to reduce the risk to our customers and our business.”

The bank is still lending to borrowers in the named suburbs.

Home Loans Nab


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