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

Share of CBA customers struggling to repay their mortgages has climbed to 12-year high

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New lending to property investors fell at its fastest pace on record through the three months to September, as landlords adjust to higher taxes against a backdrop of plunging property prices and rising interest rates.

The latest figures come as the country’s biggest lender, the Commonwealth Bank, reported that the share of its customers struggling to repay their mortgages had climbed to a 12-year high.