The evidence is overwhelmingly in. Home loan applications haven’t just dropped, they have plummeted thanks to the RBA’s rate rises and the federal budget’s tax policy.

National Australia Bank has revealed a huge plunge in the number of home loan applications at the same time as the RBA rules out saving the property market.

The evidence is overwhelmingly in. Home loan applications haven’t just dropped, they have plummeted thanks to the RBA’s rate rises and the federal budget’s tax policy.