Loan pre-approvals by banks can be confusing. They aren't a rubber stamp to buy whatever you want, but some buyers are being a little too cautious.
Time ASIC eyed government's role in pushing dodgy property to unwary
See Monique's column in The Australian. No doubt there will be some push back from the promotors and they'll emphasise how good Defence Housing and the National Affordability Rental Scheme are. But despite their protestations, do these type of properties pass the smell test which is, can you expect strong, consistent capital growth? The answer of course is no.