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The Guardian - AU
The Guardian - AU
National
Luca Ittimani and Jonathan Barrett

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

Australia Matt Comyn Michele Bullock Labor CBA Commonwealth Bank Interest Rates RBA
Residential properties at Bulimba and Hamilton in Brisbane, Australia
Homes at Bulimba and Hamilton in Brisbane. Commonwealth Bank boss Matt Comyn believes Australia is at the bottom of its investor decline. Photograph: Darren England/AAP

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.

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