{
  "id": 719678,
  "title": "ANZ says home loan applications fall 12%, records A$1.9 billion quarterly profit",
  "url": "https://urgent.news/2026/08/13/anz-says-home-loan-applications-fall-12-records-a-1-9-billion",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-13T01:36:27.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/economy-news/anz-says-property-tax-changes-hit-mortgage-demand-posts-slightly-higher-profit-4856438"
  },
  "original_language": "en",
  "account": "Australian lender ANZ Group reported a 12% decline in home loan applications since the Labor government removed property investment tax concessions. The bank announced a A$1.9 billion (US$1.3 billion) cash profit for the third quarter, aided by a 1 basis point increase in its net interest margin to 1.54%. The improved profitability measure, combined with a 3% reduction in costs to A$2.75 billion, led ANZ's shares to rise by up to 3.4% on Thursday, outperforming the S&P/ASX200's 0.4% decline. Analysts welcomed the better cost performance, while Citigroup's Thomas Strong expected the market to appreciate the performance. Despite three interest rate hikes this year, ANZ's bad-debt charge for the quarter was A$102 million, lower than forecasted A$205 million. Stable non-performing loans and a lack of growth in these loans, even as property prices fell about 2% over four months, contributed to the bank's strong bottom line.",
  "summary": null,
  "key_points": [
    "ANZ home loan applications drop 12% after tax concessions removal",
    "Bank records A$1.9 billion quarterly profit",
    "ANZ shares rise 3.4% on better cost performance"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}