westpac avoids inner-city apartment, page-27

the ATO are taking a very keen interst in low Doc Home loans as well.

Through a test sample they found bery large discrepancies btween not only the income stated on tax returns and the loan documents but also the actual amount of declared income and the amount required to service the loan.

A few ammneded assessment notices issued for large amounts will restrict some borrowers being able to service the loan.