Lending to property investors falls at record pace, as Australians fall behind on home loans

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New lending to Australian property investors fell at a record pace in the quarter through September, amid higher taxes, falling property prices and rising interest rates. Commonwealth Bank data also show that the share of its customers struggling to repay home loans has reached a 12-year high.

Share of CBA customers struggling to repay their mortgages has climbed to 12-year high Get our breaking news email, free app or daily news podcast New lending to property investors fell at its fastest pace on record through the three months to September, as landlords adjust to higher taxes against a backdrop of plunging property prices and rising interest rates. The latest figures come as the country’s biggest lender, the Commonwealth Bank, reported that the share of its customers struggling to repay their mortgages had climbed to a 12-year high. Continue reading...