Good afternoon.

There are calls for Labor to force banks to put the brakes on landlord lending after investors accounted for two in every five home loans from July to September.

New ABS data reveals more than 57,000 investors borrowed nearly $40bn to buy homes over the three months, a 17.6% increase in the combined value of the loans on the previous three months. First home buyer numbers rose just 2.3% over the same period.

The Greens senator Barbara Pocock has urged the Australian Prudential Regulation Authority to “urgently rein in” the credit market, and encouraged Jim Chalmers to direct Apra to intervene as house prices surge.

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