AdvertisementBusinessBanking & financeHome loans Westpac says home loan applications down 20% since budget Clancy Yeates August 10, 2026 — 7:19am Save You have reached your maximum number of saved items. Share A A AWestpac says new home loan applications have fallen 20 per cent since the May budget, when the government announced a tightening of tax concessions for property investors, as the banking giant’s profits moved higher. Westpac reported mortgage applications had fallen 20 per cent since the budget. Getty As the housing market slows, Westpac said the number of average monthly mortgage applications had fallen 20 per cent between the May budget and the end of July. AdvertisementAdvertisementThe country’s biggest bank, Commonwealth Bank, will provide a key insight into the state of the home loan market when it reports its full-year results this Wednesday.