{"id":598782,"date":"2026-08-20T04:02:09","date_gmt":"2026-08-20T04:02:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/598782\/"},"modified":"2026-08-20T04:02:09","modified_gmt":"2026-08-20T04:02:09","slug":"australias-big-banks-are-falling-together-is-the-housing-slowdown-becoming-an-earnings-problem","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/598782\/","title":{"rendered":"Australia\u2019s big banks are falling together \u2014 is the housing slowdown becoming an earnings problem?"},"content":{"rendered":"

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Australia\u2019s banking selloff has become a broader ASX problem. In the last fortnight, Commonwealth Bank<\/a>, NAB<\/a> and Westpac<\/a> have each fallen more than 10%, wiping out a significant part of the gains that had helped push the ASX 200<\/a> to a record closing high earlier in the month.<\/p>\n

The broader market has weakened alongside them. The ASX 200 closed at a record 9,227.8 on 5 August, then fell to 9,070 by 18 August, even as strong healthcare<\/a> earnings and higher oil prices supported other parts of the market.<\/p>\n

All four major lenders have reported weaker mortgage applications since the May budget, with declines ranging from 12% at ANZ to 20% at Westpac. That puts a more serious question in front of investors: is the housing slowdown beginning to undermine the loan growth and earnings outlook that have supported Australian bank shares?<\/p>\n

For Australian traders, the focus is now on whether slower mortgage demand remains a short-term adjustment or becomes a more sustained earnings problem for the ASX\u2019s biggest financial stocks.<\/p>\n","protected":false},"excerpt":{"rendered":"Mitrade Platform Highlights Why Trade ASX Stock with Mitrade? \u2713ASIC Regulated\u00a0(AFSL 398528) \u2713No Commission \u2713Negative Balance Protection \u2713Long…\n","protected":false},"author":2,"featured_media":598783,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[253758,72,113,61,60],"class_list":["post-598782","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-australian-bank-stocksasx-banksaustralia-housing-market","tag-business","tag-economy","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/598782","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=598782"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/598782\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/598783"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=598782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=598782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=598782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}