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The nation’s biggest mortgage lender, CBA, has released its annual results, and the investor presentation contains interesting information on home lending.
First, home loan applications have fallen significantly since the May federal budget, when the government changed negative gearing and capital gains tax.
CBA home loan applications are currently tracking 17% below the same time last year.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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