But after the Albanese government made changes to capital gains tax concessions and negative gearing for property investors in the May budget, mortgage applications fell further. But Mr Comyn noted opinions varied on where interest rates would go next. Mr Comyn said the bank expected a reduction in refinancing, as well as lending for subsequent purchases. VanEck senior portfolio manager Cameron McCormack said the bank's headline numbers were impressive, but he pointed to the fall in mortgage applications as a deteriorating forward indicator. The Commonwealth Bank also released its annual report, disclosing that Mr Comyn earned total compensation of $8.4 million in 2025/26.