EconomyIgnore the doomsayers: property investing in Australia is far from broken

Applications for investor loans have declined since the beginning of the year, but the downturn already seems to be reversing. Warnings that the government’s tax changes will destroy property investment may be overstated. Commonwealth Bank, Australia’s largest mortgage lender, reported a bumper $11bn full-year cash profit on Wednesday. Strong demand for its lending products, particularly mortgages, helped underpin the result. The property market has taken a knock, but the article argues it remains well short of collapse.

Australian propertyproperty investmentmortgagesCommonwealth Bank

TThe Guardian★★☆☆☆2026-08-12 22:24Original