National Australia Bank

Westpac home loan activity and profit trends

2 clusters · 29 sources · last updated 1 day ago

Latest: Westpac banking update drags Australian shares lower

Westpac has reported a 20% decrease in average monthly home loan applications between the May budget and the end of July. This decline follows government decisions to tighten tax concessions for property investors and th

Australian auction clearance rates stay low

6 clusters · 12 sources · last updated 6 days ago

Latest: Australian home buyers shun auctions as property prices fall

Australian auction clearance rates remain low as the market shows mixed activity but persistent buyer weakness. In mid‑June, a Melbourne townhouse passed in at $950 k while a Sydney art‑deco apartment sold above reserve,

HSBC Australian loan portfolio sale to Blackstone

2 clusters · 11 sources · last updated 9 days ago

Latest: Australian housing market sees sharp price drop and Blackstone loan portfolio acquisition

In late July 2026 HSBC announced it would sell its Australian home and personal loan book—valued at about A$36 billion (US$25 billion)—to private‑equity firm Blackstone. The transaction, financed by Blackstone’s credit,