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
WA
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
QLD
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*
4717Blackwater
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*
SA
5600 Whyalla, Whyalla Playford
5601 Point Lowly*
5608 Whyalla Norrie, Whyalla Stuart
5609 Whyalla Jenkins
5725 Olympic Dam, Roxby Downs NT
0885 Alyangula
TAS
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
NSW
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
VIC
3000 Melbourne CBD
3004 St Kilda Road Central
3006 South Bank, South Wharf
3008 Docklands
3067 Abbotsford
QLD
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
SA
5000 CBD Adelaide
5001 CBD Adelaide
WA
6000 Perth CBD
6003 Highgate, Northbridge
6004 East Perth
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.
