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Aspiring home owners are pulling back on property purchases as the cost of living continues to climb, with warning demand is set to soften even further.

Loan commitments for Australian properties fell by 6.2 per cent in the March quarter, according to real estate analysis from Cotality and Australian Bureau of Statistics figures.

The parents of a little boy who was left fighting for his life after a terrifying cake decorating mishap have provided an update from hospital.

Dustin “Dusty” Wildman inhaled a vile of metallic decorating powder when his mother, Kate Robinson, was baking a Bluey-themed cake for a friend on May 1.

Little Dusty was rushed to hospital where he underwent emergency surgery to remove the powder — which had turned into a paste — from is lungs.

The 14-month-old was placed in an induced coma at Queensland Children’s Hospital, where he remains as he recovers from the ordeal.

In an update posted on Wednesday, Ms Robinson shared an optimistic development on the toddler’s improving condition.