Lending to property investors falls sharply in ‘tiny’ step towards fairer housing market in Australia, expert says

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ABS data shows an almost 9% slump in new lending to investors after three interest rate hikes this year

In what one economist is describing as a “tiny step” toward a fairer housing market after decades of bad policy, property investors are shying away from established homes, and putting money into new builds instead, new data shows.

New lending to property investors fell sharply in the three months to June, slumping almost 9%, ABS data showed, while the number of total new home loans dropped by 5.4% in the June quarter.

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Russian Navy officer who defected from Ukraine killed by hidden bin bomb in Crimea, officials say – The Independent

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  1. Russian Navy officer who defected from Ukraine killed by hidden bin bomb in Crimea, officials say  The Independent
  2. Ukraine war briefing: Crimea bomb kills ‘Ukrainian sub commander who defected’  The Guardian
  3. Sevastopol blast kills Russian service member, state media says  ABC News - Breaking News, Latest News and Videos
  4. Crimea bomb attack reportedly kills former Ukrainian submarine commander who defected to Russia  CNN
  5. Five killed while defusing explosive device in Russian-controlled Sevastopol, governor says  Reuters
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Farage Wins Special U.K. Election That He Initiated, as Expected – The New York Times

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  1. Farage Wins Special U.K. Election That He Initiated, as Expected  The New York Times
  2. Nigel Farage wins Clacton by-election that major parties boycotted - live updates  BBC
  3. Nigel Farage beats Count Binface to win back seat in Parliament in widely mocked election  NBC News
  4. Nigel Farage wins UK Clacton by-election in which his main rival was a trash can  CNN
  5. Trump ally Nigel Farage wins special election to return to UK parliament  CNBC
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North Korea fumes over upcoming US-South Korea military drills – Al Jazeera

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  1. North Korea fumes over upcoming US-South Korea military drills  Al Jazeera
  2. North Korea threatens strong response ahead of US-South Korea military drills  Politico
  3. North Korea’s latest missile tests are unusual. Ukraine should be wary  The Independent
  4. North Korea denounces upcoming US-South Korea drills, vows stronger nuclear deterrence  Reuters
  5. North Korea Says New US Nuclear Strategy Will Trigger Fresh Arms Race  Bloomberg.com
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Germany evacuates about 2,000 people as wildfire reaches western village – Reuters

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  1. Germany evacuates about 2,000 people as wildfire reaches western village  Reuters
  2. German wildfire near Belgian border under control, local authorities say  Reuters
  3. Fire service optimistic in fight against blaze in western Germany  Yahoo
  4. Over 2,000 evacuated in western Germany due to raging wildfire near Belgian border  The Jerusalem Post
  5. Over 2,000 residents evacuated as wildfire breaks out in North Rhine-Westphalia, Germany  Xinhua
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Trump Imposes 100% Tariffs on Some Drones, Countering China – Bloomberg.com

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  1. Trump Imposes 100% Tariffs on Some Drones, Countering China  Bloomberg.com
  2. Trump Announces Drone Tariffs to Bolster U.S. Supply Chains and Counter China  WSJ
  3. UMAC, RCAT, ONDS, AVAV, KTOS Stocks Rise Overnight: Trump Takes Aim At Foreign Drones With New Tariffs  finance.yahoo.com
  4. Trump signs proclamations imposing new drone tariffs, orders Navy to allow shipbuilding abroad  ABC News - Breaking News, Latest News and Videos
  5. Trump administration to impose tariffs on drone imports, White House says  Reuters
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‘The real challenge starts after sundown’: Europe’s heatwave boosted solar by up to 17% on hot days – Euronews.com

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  1. ‘The real challenge starts after sundown’: Europe’s heatwave boosted solar by up to 17% on hot days  Euronews.com
  2. It’s Getting So Hot That Nuclear Plants Are Being Forced to Power Down  futurism.com
  3. Nuclear power plants are being shut down as Europe’s drought becomes an energy crisis  CNBC
  4. Heat Wave and Solar Eclipse Send Europe Power Prices Soaring  Bloomberg
  5. Heat Waves Curtail More Than 10 GW of European Nuclear  Energy Intelligence
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‘Unprecedented’ rain kills four in Japan as thousands stranded at airport – The Guardian

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  1. ‘Unprecedented’ rain kills four in Japan as thousands stranded at airport  The Guardian
  2. Japan: Record rains in Chiba kill four people as thousands stranded at Narita Airport  BBC
  3. Thousands stranded at Japan's Narita airport after record rain kills four  Reuters
  4. Torrential rain near Tokyo causes flooding and paralyzes traffic, killing 1  AP News
  5. Caution urged as 6 die in record rainfall in Chiba  nhk.or.jp
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Iran updates: New ship attacks in Strait of Hormuz – NewsNation

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  1. Iran updates: New ship attacks in Strait of Hormuz  NewsNation
  2. UAE says Iran attacked two ADNOC vessels in Strait of Hormuz; no injuries  Reuters
  3. Live: US sailors report dire conditions as replacement carrier heads to Middle East  France 24
  4. UAE accuses Iran of attacks on two ADNOC vessels in Strait of Hormuz  Al Jazeera
  5. Live Updates: Latest from Israel, Iran, and the Middle East  The Jerusalem Post
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