Ignore the doomsdayers – property investing in Australia is far from broken
Despite warnings that Australia's property market is in trouble, the latest data suggests it's not as bad as predicted. Investor loan applications may have slowed down, but they're now showing signs of recovery. This is good news for the country's economy, as a strong property market can support growth and create jobs. The fact that a major lender like Commonwealth Bank is reporting a large profit and seeing strong demand for mortgages indicates that the market is still healthy.
Read the source report: The Guardian
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