Housing Slows, Profits Rise at Commonwealth | Sydney News

Housing applications plunge 15% since May as Aussie lenders brace for a cooling market — but Commonwealth Bank’s profits keep climbing, hitting $10.9B and boosting dividends by 4%. Despite rate hikes and new tax rules on investors, the bank’s five key divisions all grew for the first time in 15 years, cementing its role as Australia’s financial backbone. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/f3904ca57528e827