Lending to property investors falls at record pace, as Australians fall behind on home loans

Lending to property investors has fallen at its fastest pace on record, with new loans to investors dropping 24% in the three months to September. This comes as the share of Commonwealth Bank customers struggling to repay their mortgages has climbed to a 12-year high. The decline in investor lending is attributed to higher taxes, plunging property prices, and rising interest rates.