Bank’s Internal Suburb Risk Profile Assessment
?? DO YOU KNOW that every #bank has their internal #suburb risk profile assessment? And based on this information, they might approve/deny your purchase especially if majority of your #portfolio is geared towards the high risk suburbs. Banks themselves might have been very exposed by giving out mortgage in these high risk suburbs at the height of the market which price has crashed heavily since. I personally like these high risk suburbs due to their low price and super high yield. And in my opinion, how much lower can a $170k property go? What’s your portfolio looking like?
