Mapped: the suburbs where it’s tougher to get a loan

Angus Kidman 18 August 2015


Having trouble getting a loan? Your postcode might be the problem.

When you apply for a loan, the lender assesses the risk that you represent. Much of that assessment is based on your own income and credit history, but broader trends are also included. One you might not have reflected on is your location.

If you want to buy a home or set up a business in an area which has a higher-than-average default rate for loans, you may have to jump through more hoops. NAB, for instance, has a list of 40 high-risk postcodes where it assesses personal and business loans more stringently, and usually requires more equity.

Analyst Martin North of Digital Financial Analytics has identified the riskiest postcodes in NSW and Victoria based on perceived risk to lenders. We've put all 66 places in these postcodes on a searchable map below.

Is your hometown on the list? Type in the name and find out, or zoom in to explore where the riskier areas are. (To reset and see every location, just clear the Suburb box then click Search.)

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