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IrelandAustralian home loans fall 15% amid budget tax dispute
The report contrasts Labor's home-ownership promises with falling lending, while builders point to a shortage of homes.
AustraliaStory of Why this story? One of 9 News Australia's most watched videos since yesterday, with 52,200 views.
9 News Australia: The news service of Australia's Nine Network, owned by Nine Entertainment. 1.9M subscribers and 1.7B views.
Aus housing market struggles as home loan approvals drop to lowest in history | 9 News Australia
Australian home loans have fallen 15% from the previous quarter, according to 9 News Australia, the Australian television news broadcaster, intensifying scrutiny of federal budget measures intended to help buyers into the market.
Federal politics reporter Charles Croucher describes a record slump in approvals, linking the downturn to rising interest rates, global uncertainty and recent budget tax changes. The report says lending to first-home buyers has also fallen sharply.
Shadow Housing Minister Andrew Bragg argues that the decline extends beyond people purchasing their first property: "We see fewer loans to first-home owners. We see fewer loans to owner-occupiers."
Housing Minister Clare O'Neil defends the government's priorities, saying it has "a pretty unapologetic focus in getting more Australians into home ownership". The competing statements leave a central question for the budget: whether measures designed to widen access to ownership are delivering that result.
Nationals leader Matt Canavan calls for the budget's tax increases to be scrapped. Shadow Transport Minister Bridget McKenzie also attacks Labor's handling of the housing market. These are the opposition's explanations for the downturn, rather than an established account of how much each policy contributed.
The building industry's concern is supply. Denita Wawn, chief executive of Master Builders Australia, argues that affordability is fundamentally constrained by too few homes for the people who need them. Her intervention shifts the discussion from borrowing conditions to the availability of housing itself.
The bulletin then moves to Antalya, Turkey, where Prime Minister Anthony Albanese has arrived for the COP31 climate conference. Europe correspondent Hannah Sinclair outlines his diplomatic programme and Chris Bowen's role at the talks, while connecting the overseas visit with domestic expectations for cost-of-living relief.
Liberal Party politician and senator for New South Wales, elected in 2019. He has served on committees dealing with finance and technology.
More on Wikipedia ›Australian Labor politician serving as minister for housing and homelessness since July 2024 and minister for cities since May 2025.
More on Wikipedia ›Leader of Australia's National Party since 2026 and a Queensland senator since 2014. He previously served as a minister in the Turnbull and Morrison governments.
More on Wikipedia ›National Party politician and senator for Victoria since 2011. She has led the party in the Senate since 2019 and previously held ministerial posts in the Turnbull and Morrison governments.
More on Wikipedia ›Australia's prime minister since 2022 and leader of the Labor Party since 2019.
More on Wikipedia ›The 31st United Nations climate conference, taking place in Antalya, Turkey, from 9 to 20 November 2026.
More on Wikipedia ›Published on Trari
Where next?
- Channel
- 9 News Australia
- Subscribers
- 1,910,000 ▲ 10,000 this week
- Channel views, last 7 days
- 14,658,992
- Channel views, pace per day
- 725,864 (on a normal day: 2,064,140)
- Video published
- November 11, 2026
- Video views so far
- 52,200 (less than a day online)
- Video views, pace per day
- 55,637
The numbers
The report drew about 52,000 views since yesterday, placing it among Australia's most-watched new news videos.
💡 Test your knowledge
Which Turkish city hosts the COP31 talks in this report?
Hannah Sinclair reports from Antalya as Anthony Albanese arrives for COP31.