Citi Bank has black listed a range of Sydney suburbs where they have tightened their lending criteria for apartment buyers.
Recently Citi advised brokers of 34 suburbs in New South Wales where borrowers would face tougher hurdles to get a mortgage and have to jump through additional deposit hoops and face more stringent practices around cash out loans. 
Buyers of new apartments, high-density apartments, and apartments bought through a property developer would be affected.
The maximum loan-to-value ratio was dropped to 65 per cent – meaning borrowers must come up with a deposit of 35 per cent in these locations.
While there were similar lists for suburbs in Melbourne and Brisbane, in general, these were close to the CBD
On the other hand, in Sydney areas on the list were as diverse as the inner suburb of Ultimo, to building boom locations of Ryde and Parramatta, and as far away as the Hills District’s Castle Hill and Kellyville.
And it is possible other banks will follow suit.
Last year National Australia Bank, ANZ Bank, and AMP Bank released their suburb black lists where they are wary of lending for apartments based on growing concerns about oversupply of off-the-plan apartments and, in some areas, falling prices.
Here is the list of Sydney suburbs on Citi’s radar:
| Sydney suburbs | Postcode |
| Sydney | 2000 |
| Ultimo | 2007 |
| Alexandria | 2015 |
| Waterloo | 2017 |
| Rosebery | 2018 |
| Botany | 2019 |
| Mascot | 2020 |
| Bondi Junction | 2022 |
| Stanmore | 2048 |
| Greenwich | 2065 |
| Longueville | 2066 |
| Chatswood | 2067 |
| Ryde | 2112 |
| North Ryde | 2113 |
| West Ryde | 2114 |
| Epping | 2121 |
| Sydney Olympic Park | 2127 |
| Strathfield | 2135 |
| Enfield | 2136 |
| Concord | 2137 |
| Liberty Grove | 2138 |
| Homebush | 2140 |
| Granville | 2142 |
| Parramatta | 2150 |
| North Rocks | 2151 |
| Castle Hill | 2154 |
| Kellyville | 2155 |
| Canterbury | 2193 |
| Campsie | 2194 |
| Lakemba | 2195 |
| Marrickville | 2204 |
| Arncliffe | 2205 |
| Rockdale | 2216 |
| Hurstville | 2220 |
Source: Citi
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from Property UpdateProperty Update https://propertyupdate.com.au/34-sydney-suburbs-the-banks-dont-like/
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