Plummeting demand from property investors drives record fall in new home loans

Summary

The number of new home loans in Australia has taken a dive with fresh data revealing the biggest quarterly fall on record. The downturn, driven by an exodus of investors, is being blamed on successive interest rate hikes and the federal government's overhaul of property taxes. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-11-11/plunge-in-new-home-loans-result-of-property-investors/107373668 Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia

Description from ABC News (Australia).