NuCoal Resources Ltd and Independent Commission Against Corruption

Brian Johnson: Mr Johnson said recent discussions with broking contacts pointed to banks cutting discounts on investment loans and demanding tougher scrutiny on borrowers' ability to repay their debts, according to Australian Broadcasting Corporation. The crackdown comes only days after data was released showing mortgages had soared to a new record high of $31.3 billion in March. Mortgage brokers are reporting credit conditions in Australian housing lending market have become a lot tougher in the past two weeks according to CLSA leading bank analyst Brian Johnson. Property investment lending double the speed limit Lending to property investors is now growing at 21 per cent year-on-year, more than double the so-called speed limit of 10 per cent identified by the Australian Prudential Regulation Authority earlier this year. Australian banks as safe as houses The Australian banking system has at least 60 per cent of its lending in home mortgages, concerning some analysts. Anecdotal evidence is that NAB, Commonwealth and Westpac investor loans will no longer offer additional discounts over and above the published 'package discount' rate. (news.financializer.com). As reported in the news.