Australian Property News

Westpac Reports Significant Drop in Mortgage Applications

By Ravs Realtors · 10 August 2026 · 1 min read · Source: Kfgo
Photo: Images_of_Money / flickr · CC BY 2.0

The bank forecasts investor housing credit growth to halve next year, with total housing credit growth also expected to slow. This reflects a substantial weakening in housing demand.

This sharp drop in mortgage applications could lead to reduced competition in Melbourne's western growth corridor, particularly from investors. Buyers might find it easier to secure financing, but overall market activity could remain subdued.

Summarised by Ravs Realtors from reporting by Kfgo.

← All insights

More in Australian Property News

10 September 2026 · 1 min read · via The Guardian

High-End Property Sees Steep Price Falls in Major Cities

High-end property values in Sydney and Melbourne have dropped over 10% from their peaks, while affordable homes remain resilient.

Read
3 September 2026 · 1 min read · via Property Update

Property Downturn Reveals Buyer Hotspots Across Australia

Despite a national property market cooling, new data identifies numerous buyer hotspots across Australia where activity remains strong.

Read
3 September 2026 · 1 min read · via Property Update

Shallow Housing Downturn Expected as Rents and Supply Support Market

Australia's current housing market downturn is likely to be short-lived and relatively shallow, supported by tight rental markets and limited housing supply.

Read

Thinking of buying or selling? Talk to Rav.

Get in touch
Westpac Reports Significant Drop in Mortgage Applications | Ravs Insights