CompaniesFinancial ServicesEarnings seasonWestpac says mortgage applications are down 20pc since budgetAug 10, 2026 – 8.08amFollow our live coverage of the August 2026 ASX reporting seasonWestpac said mortgage applications had plummeted by 20 per cent since the federal budget as the Albanese government’s property tax changes combined with higher interest rates force home buyers to the sidelines.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Latest In Financial servicesFetching latest articlesMost Viewed In Companies
Westpac says mortgage applications are down 20pc since budget
The bank, which reported a $1.8 billion quarterly profit, expects growth in investor demand for housing credit to more than halve over the next two years.
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