ANZ is the first bank to move, increasing mortgage rates for investor loans by 27 basis points effective from August 10. The bank says it is following instructions from the banking regulator, the Australian Prudential Regulation Authority (APRA).
On Monday APRA announced increases to average risk rates for Australian residential mortgage exposures by Internal Rating Based (IRB) banks. (‘Banking regulator announces tighter capital adequacy requirements for residential mortgages‘)
» ANZ raises property investor interest rates to cool demand – The ABC, 23rd July 2015.