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.

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

Westpac reports 20% drop in mortgage applications after Australia's tax changes  Reuters

August 07, 2026 11:44 AM ET The U.S. labor force participation rate fell to 61.4 percent in July, its lowest level since the COVID-19 pandemic, as 264,000 people left the labor force last month, according to the Bureau of Labor Statistics (BLS).The labor participation rate is down from this year’s January high of 62.1

Prices have barely moved over the last four years and the typical home is worth only 2% more than it was in the summer of 2022.