ANZ says property tax changes hit mortgage demand, posts slightly higher profit

ANZ Group reported marginally higher quarterly cash profit on Thursday despite indications of declining mortgage demand in Australia’s housing market. The bank’s cash profit grew 1% from the average of the prior two quarters to A$1.90 billion, supported by increased lending volumes and improved margins.
The lender noted that mortgage application values remained broadly flat compared to the previous quarter, primarily due to participation in a government support scheme launched in la