The 10% ceiling that APRA has placed on investor lending growth is starting to bite property sales. There is an interesting dance going on by the banks as they try to attract just enough investor growth not to fall foul of the guidelines.

What is crazy is that investors that tick all the boxes on the lend criteria, through no fault of their own (other than their timing), may not get finance simply because the bank they applied to is walking the line on APRA limits.

So it could be luck of the draw and bank loyalty may have to go out the window with multiple applications being your best bet.