Westpac Loans Dip Amid Policy Shift | Sydney News

Westpac’s new home loan applications plummeted 20% post-May budget as tax incentives for property investors shifted, yet the bank’s profits surged to $1.8 billion — up from prior quarters. While households feel squeezed by rising costs, businesses keep lending, and Westpac’s CEO notes customer resilience. Despite fewer new applications, housing credit is still projected to grow 4.7% this year and even more next — signaling a complex but resilient market. 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/781b41f11322fba8