Market SignalMonday, August 10, 2026

Westpac Says Mortgage Applications Fell 20 Percent After Labor Tax Reforms

Sourced from 2 publications

•Westpac claims mortgage applications have fallen 20 percent since Labor's May budget property tax reforms, per the Sydney Morning Herald.
•Australia's big four bank shares have pulled back after a period of strong performance.
•One major bank flagged weaker confidence as a factor now affecting returns and the broader economy, according to The West.
•The decline gives critics of Labor's property tax changes a tangible data point, though the reforms are still early-stage.

Sources

Aussie shares dip as Westpac loan update drags on banks

Thewest

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

Smh

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Curated from 2 sources. Every summary is reviewed for accuracy, but may still contain errors. We always link to original sources for verification.