Investor loan applications may have fallen since the start of the year, but the slump already appears to be turning around
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Ignore the doomsday warnings about the government’s tax changes – property investing in Australia is a little bruised, but it’s far from broken.
The country’s biggest mortgage lender, Commonwealth Bank, reported a bumper $11bn full-year cash profit on Wednesday, backed by robust demand for its lending products, especially mortgages.
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This article was originally published by The Guardian and written by Luca Ittimani and Jonathan Barrett.
Read original article on The Guardian