The post-election buzz surrounding Australia's property market has resulted in the Commonwealth Bank's strongest week for loan applications in more than six months, according to CBA CEO Matt Comyn.

Mr Comyn said while it was difficult to read too much into results from such a short time frame, the developments following May 18 had clearly impacted lending activity.

"I use some of this data with caution because it is only one week and one week doesn’t make a trend, but we definitely saw in parts of the economy that we see quite a strong rebound," he said.

"I think in particular at the moment, quite rightly, there is a strong interest in property."

At a glance:

• CBA CEO Matt Comyn said the bank has had its strongest week in applications for more than six months.
• In the week following the election, APRA decided to remove its 7 per cent serviceability buffer on home loans and the RBA hinted it was going to cut the national cash rate at its next meeting.
• Mr Comyn made the comments following his address to the Trans-Tasman Business Circle on Tuesday.

The removal of election uncertainty from the property market was followed by APRA's decision to remove its 7 per cent serviceability buffer on home loans, and growing speculation that the RBA would make multiple cuts to the national cash rate throughout this year.

Mr Comyn said the changing landscape could be seen in the number of applications coming through to the CBA.

"We did have the strongest week in applications that we have seen in more than six months," he said

"It did feel – certainly from a demand perspective – there is quite a shift in sentiment."

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Mr Comyn made the comments following his address to the Trans-Tasman Business Circle on Tuesday.

During his speech, he reflected on APRA's inquiry into the bank's operations, vowing to deliver better outcomes for customers going forward.

"We have made some really proactive choices about what products and services we want to offer our customers, how we want to bring those to market, and what fees we would like to charge," he said.

"We have also made real investments in and around transparency, to make sure that our customers feel that we are delivering good value and better outcomes for them."

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