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 around

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Ignore 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.