Mortgage lending suffers biggest fall on record, ASX rises | Finance Report | ABC NEWS
Interest rate hikes, falling house prices and major changes to property tax rules have led to a 15 per cent drop in new home lending in the September quarter – it’s biggest fall since the ABS started keeping such records in 2002. Commonwealth Bank has increased its bad debt provisions, as a result, and reported a sharp rise in mortgage arrears.
The Australian share market has risen slightly to a two-and-a-half month high, and Nvidia’s market value has plunged by $US1.5 trillion since its record high in early October.
Presented by David Chau.
Subscribe: http://ab.co/1svxLVE
Read more here: https://www.abc.net.au/news/2026-11-11/asx-markets-business-live-news-nov-11/107370848
Note: In most cases, our captions are auto-generated.
#ABCNEWS #ABCNEWSAustralia #ABCBusiness
