Business

Property lending drops sharply as mortgage arrears rise to 12-year high

Share of CBA customers struggling with mortgages reached a 12-year high.

New lending to property investors fell at a record pace in the September quarter.

ABS data showed the value of new investor loans plunged by nearly a third.

Borrowers 90 days or more behind on repayments rose from 0.73% to 0.8%.

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