New lending for property investments in Australia decreased at a record rate during the third quarter ending in September, driven by rising interest rates, falling real estate values, and increased tax burdens for landlords.
Concurrently, the nation's largest financial institution, the Commonwealth Bank, announced that the proportion of its clientele experiencing difficulty servicing home loans has reached its highest point in twelve years.
Further information regarding these financial trends and housing market shifts is expected to emerge as the story continues to develop.
