Commonwealth Bank CEO Matt Comyn says there has been an upsurge in demand for home loans, indicating a possible property market revival. Speaking at a business lunch in Sydney on Tuesday, Mr Comyn says he is sensing a ‘big shift’ in sentiment when it comes to the housing sector. The property market has been in the doldrums in the past year, especially in Sydney and Melbourne. The senior banker wouldn’t comment whether the uptick in mortgage applications is linked to the election result, where the electorate rejected Labor’s plans to amend negative gearing and capital gains tax. He told Sky News business editor Ticky Fullerton that he is starting to see the 'property market stabilise.'
from National | Daily Telegraph http://bit.ly/2X6f2Xu
Tuesday, May 28, 2019
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