The Commonwealth Bank has announced that from Monday 13th February 2017 they will be suspending the acceptance of new refinance applications for Investment Home Loans, until further notice. Applications which include both Investor and Owner Occupier loans are not impacted. Standalone Investor refinance applications submitted prior to the 13th of February will be processed, subject to our normal lending criteria.
So what does this mean for the investor market overall and what message is this sending about the state of the Australian housing market?
We seek the opinion of Andrew Mirams.