The ANZ's 50 property investor no-go postcodes

The ANZ's 50 property investor no-go postcodes
The ANZ's 50 property investor no-go postcodes

The Australia and New Zealand Bank has a list of more than 50 postcodes, concentrated around Western Australia, Queensland and NSW mining towns, that it describes as "not acceptable" for providing lenders mortgage insurance.

The number of postcodes has increased from 30 in 2013. 

Last year June it emerged ANZ required a deposit of at least 30 percent for mortgages in 44 postcodes, including to reflect the “localised downturn in a small number of towns dependent on the mining sector”.

"We regularly review lending policies to ensure we are operating within our risk appetite and practising responsible lending for our customers," a spokesman told The Australian Financial Review this week.

 "There are no designated 'blackspots'," he added. The AFR published a selection of the 50 postcodes. 

 

Postcode Suburb State  
2835 Bulla NSW  
2880 Broken Hill NSW  
2898 Lord Howe Is NSW  
2899 Norfolk Is NSW  
 853  Tindal  NT  
 885  Alyangula  NT  
 886  Jabiru  NT  
 4745  Dysart  Queensland  
 4717  Blackwater  Qld  
 4413  Baking Board  Qld  
 4415  Columboola  Qld  
 4702  Alberta  Qld  
 4680  Barney Point  Qld  
 4719  Camboon  Qld  
 4721  Argyll  Qld  
 4744  Morambah  Qld  
 4801  Hayman Is  Qld  
 4803  Hamilton Is  Qld  
 4804  Collinsvile  Qld  
 5725  Olympic Dam  SA  
 5722  Andamooka  SA  
 5731  Bollards Lagoon  SA  
 7470  Rosebery  Tas  
 7467  Lake Margaret  Tas  
 7151  Casey  Tas  
 7257  Cape Barren Is  Tas  
 3852  East Sale  Victoria  
 6716  Fortescue  WA  
 6751  Chichester  WA  
 6760  Marble Bar  WA  
 6429   Coolgardie  WA  
 6718  Roebourne  WA  
 6161  Rottnest Is  WA  
 6430  South Kalgoorlie  WA  
 6432  Boulder  WA  
 6638  Cooladar Hill  WA  
 6639  Sandstone  WA  
 6710  Cane  WA  
 6728  Camballin  WA  
 6798  Christmas Is  WA  
       
       
       
       
       
       
       
       
       
       

 

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

Tags: 
Home Loans Mortgage Insurance

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