Ignore the doomsdayers – property investing in Australia is far from broken

Investor loan applications may have fallen since the start of the year, but the slump already appears to be turning aroundGet our breaking news email, free app or daily news podcastIgnore the doomsday warnings about the government’s tax changes – property investing in Australia is a little bruised, but it’s far from broken.The country’s biggest mortgage lender, Commonwealth Bank, reported a bumper $11bn full-year cash profit on Wednesday, backed by robust demand for its lending products, especially mortgages. Continue reading...