Aus: Westpac indicates property prices to fall

Westpac has decreased the LTV ratios available to new customer FHBs in a move that signals short term drops in the value of units and homes targetted at FHBs. This move will come as a surprise to few as it follows the recent removal of the double FHB grant. The amount of extra security that Westpac has sought is coincidentally close to the amount the FHB grant has been reduced by. Is this a signal that the FHB market has reached the absolute limits of affordability? … 5822160592

What are your views on the Melbourne market ?