Five-year high for home loan lending | Sky News Australia

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Low interest rates and looser banking restrictions are believed to be behind the fastest rise in mortgage lending in five years.

After the re-election of the Morrison government in July, new loans surged by four per cent.

The surge follows the Reserve Bank cutting interest rates twice in two months down to a record low one per cent. The RBA has warned the rates could be pushed close to zero if economic activity remains unchanged.

 

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Probably lies too.

I see they listened to the royal commission...

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