A jolt for banking investors, as Westpac flagged a 20-percent drop in Q3 mortgage applications, blaming the combined effects of three interest rate rises this year, and Federal Budget tax changes. Westpac shares slid nearly 6 per cent. David Scutt of StoneX Group tells Rena Sarumpaet, that should CBA offer similar disappointment in Wednesday's annual result, the best days of the month long banking rally may be past.
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SBS News In Depth Folgen
Hear the story behind the headlines. In each episode, we’ll help you make sense of the news stories that matter to you from Australia and the world, with reports and interviews from the SBS News team.
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Folge vom 11.08.2026Banking stocks slide as Westpac mortgage applications slump 20 per cent
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Folge vom 10.08.2026Disability advocates call for watchdog and warn of 'significant impacts' as reforms loomDisability advocates are urging the government to reconsider changes to the National Disability Insurance Scheme, ahead of a looming parliamentary vote on the proposed reforms. Aimed at cracking down on fraud and spending, the Federal Government's proposed reforms will slash NDIS spending and participation, which advocates warn could have significant consequences.
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Folge vom 10.08.2026Israeli Prime Minister Benjamin Netanyahu rejects Trump's 15-point Gaza Peace PlanIsraeli Prime Minister Benjamin Netanyahu has rejected US President Donald Trump's 15-point Gaza Peace Plan, saying the Israeli military will not withdraw until Hamas is disarmed. And in Iran, Iran's Revolutionary Guard says it won't reopen the Strait of Hormuz until the United States meets Tehran's demands.
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Folge vom 09.08.2026From a billion years to two weeks: How the diamond story is being rewrittenThe diamond industry is facing an identity crisis. Natural diamond prices have tumbled as lab-grown diamonds surge in popularity. Physically and optically identical, they can cost around a tenth as much and can now be produced at mass scale. Their rise is challenging one of the world's most successful marketing stories.