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Westpac says home loan applications down 20% since budget

Westpac is the latest bank to report a sharp decline in home loan applications since the government’s curbing of tax concessions for property investors.

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theage.com.auStai leggendo11 h fa

Westpac says home loan applications down 20% since budget

Westpac is the latest bank to report a sharp decline in home loan applications since the government’s curbing of tax concessions for property investors.

news.com.au1 g fa

Aussies’ interest in this bank offering wanes

Westpac is writing thousands fewer mortgages as the major bank expects investor home loans to more than halve over the next year.

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Timeline cronologica

domenica 9 agosto 2026·news.com.au
Aussies’ interest in this bank offering wanes
Westpac is writing thousands fewer mortgages as the major bank expects investor home loans to more than halve over the next year.
domenica 9 agosto 2026·afr.com
Banks prepare for earning peaks amid rising economic strain
This week marks a final bright spot for the country’s biggest lenders as slowing credit growth, margin pressure and bad debts emerge amid a softening housing market.

Westpac’s plunge shows banking’s great mortgage shock just started

Westpac has posted significant quarterly declines; analysts forecast mounting margin pressure across Australia's mortgage market. Margin compression in banking typically precedes capex cuts on tech infrastructure and fintech innovation, signaling constrained credit conditions impacting tech investment decisions.

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lunedì 10 agosto 2026·

afr.com

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.

lunedì 10 agosto 2026·

theage.com.au

Westpac says home loan applications down 20% since budget

Westpac is the latest bank to report a sharp decline in home loan applications since the government’s curbing of tax concessions for property investors.

lunedì 10 agosto 2026·

afr.com

Westpac’s plunge shows banking’s great mortgage shock just started

The lender says there are reasons to be cheerful amid the headwinds facing the property market, but bank watchers say margin pressure is likely to increase.

lunedì 10 agosto 2026·

theage.com.au

Mortgage applications fall by 20 per cent since budget, Westpac claims

Westpac claims mortgage applications have fallen by 20 per cent since Labor's controversial property tax reforms in May.

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