ANZ profit slips on slowing housing market

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ANZ's decision to throttle back on home lending has hit its bottom line, as the bank continues its plans to slim down.

ANZ has reported a 5 per cent slide in its first half profit, weighed down by a rapidly cooling property market.Cash earnings — the bank's preferred measure which strips out one off gains and losses — rose 2 per cent to $3.

5 billion, ahead of analysts' expectations.
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Such an ABC headline. Cash earnings should be headline which is a positive.

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