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Australian banks cut back on mortgage discounts for landlords

NPRA in December urged lenders to limit mortgage growth to investors to 10 per cent annually

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A growth in investor mortgages has helped drive a 40 per cent increase in Sydney house prices over the past three years, prompting heightened scrutiny from the banking regulator.

Sydney

AUSTRALIAN banks are scaling back discounts offered on mortgages to landlords amid a regulatory crackdown aimed at cooling the housing market.

Australia & New Zealand Banking Group Ltd (ANZ Bank) said on Thursday that it will only offer advertised rates on mortgages to

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