ASX suffers worst week since April, mortgage lending tumbles | Finance Report | ABC NEWS
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The Australian share market fell 1.6% this week, its steepest weekly loss in four months, weighed down by major banks and miners. New figures from the Australian Bureau of Statistics reveal a big drop in home lending — especially for property investors — since the Reserve Bank's interest rate hikes and the federal government's changes to capital gains tax and negative gearing. Presented by David Chau. #ABCBusiness Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-08-14/asx-markets-business-live-news-august-14-2026/107036290 Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia
Tags: Australia, abc, abc news, news, ASX, mortgage, lending, Australian share market, stocks, banks, miners, abs, Bureau of Statistics, property investors, interest rate hikes, capital gains tax, negative gearing
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