Melton Matt Comyn, the CEO of Commonwealth Bank Australia, has said that CBA has already seen results of a shift in consumer sentiment. Commonwealth Bank have just had their strongest week for loan applications in over six months! Even though it is a short time frame to be counting too much on these results, it is definitely an indication that the developments following the election have impacted lending activity positively.
The interest in property is again growing, which can be seen by the number of applications coming through to CBA. With promises to deliver better outcomes for all customers moving forward, we can expect positive things to come for Australia’s property market.
