CBA mortgage applications surge to just really crap

Via the AFR:

The number of borrowers seeking home loans from Commonwealth Bank surged to its highest level in more than six months on the back of the Coalition’s surprise federal election win.

CBA chief executive Matt Comyn said while he expects the Reserve Bank of Australia to cut the cash rate next Tuesday, a move that would assist borrowers finding it tough to make their repayments, it would be the tax cuts promised by the government that would have an even bigger impact on stimulating economic growth.

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