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Australia home loans fall record 15.5pct by value in September quarter amid investor exodus

Verified: 2 outlets in 2 countries have reported this story since Nov 11.

📍 Australia, AU·🕐 7h ago·2 outlets

SYDNEY: Australia recorded a record drop in new home loans in the September quarter as higher borrowing costs and proposed changes to taxes on investment cut demand, another sign interest rate hikes were working to slow the economy.

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✓ Verified · 2 outlets

Two or more outlets reported this story and its reliability score reached 65%, so WorldPulse marks it verified. That means more than one outlet says so, not that it is proven true.

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The story so far · 2 reports · · 2 countries✓ Verified Nov 11, 7:27 AM UTC
  1. Nov 11, 1:26 AM UTCFirst report· you’re reading this
    Australia home loans fall record 15.5pct by value in September quarter amid investor exodusnst.com.my ↗
  2. Nov 11, 7:27 AM UTC+6 h
    Lending to property investors falls at record pace, as Australians fall behind on home loanstheguardian.com ↗
  3. Verified: a second independent outlet reported itNov 11, 7:27 AM UTC · +6 h
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[Claude] Both reports cover the same record fall in Australian investor lending in the September quarter, with compatible framing of higher taxes and borrowing costs, though Report 2 covers the broader home-lo

1h ago
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Reliability
87%

Very high · How we score this

Risk Score
low risk