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Economy

Economy

New lending to property investors in Australia falls sharply by nearly nine percent

The Guardian

ABS data reveals a sharp 9% slump in new lending to property investors following three interest rate hikes, marking a shift toward new builds.

  • ABS data shows a nearly 9% slump in new lending to property investors in the June quarter.
  • Total new home loans dropped by 5.4% over the same period.

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