ANZ profit slips on slowing housing market

  • 📰 abcnews
  • ⏱ Reading Time:
  • 3 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 83%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Such an ABC headline. Cash earnings should be headline which is a positive.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Australia’s housing market is broken: Anglicare | Sky News AustraliaAffordable housing for low-income earners in Australia has become increasingly unavailable, according to new research by Anglicare.\n\nData from the advocacy group found that out of more than 69,000 rental properties across the country, only one would be affordable for welfare recipients.\n\n\n\n\n\n\n\n\n Yes Liberals have ruined the chances for average people to get a home.... But they have allowed Clive Palmer to spend millions on the election while those who worked for him didn't get paid and lose their homes. What’s the difference between social and community housing? It has been in the making for over 20 years Next government needs to make GST revenue for the states contingent on providing housing for low income recipients They also need to work on a universal income for all Australians over 18 & make TAFE affordable for all Australians again
Source: SkyNewsAust - 🏆 7. / 78 Read more »

NSW retains mantle as top state economy amid softening housing marketNSW has retained its mantle as Australia's best performing economy, equal with Victoria, despite Sydney's cooling housing market Early days yet in 2019. We need secure jobs via a more diverse economy. VoteSustainable Vote for SustainableAustralia auspol ausvotes ausvotes2019 ausvotes19 sausagesizzle democracysausage
Source: smh - 🏆 6. / 80 Read more »

Australia's gold output could slip as industry heads to edge of 'production cliff', analyst warnsChina and Australia are the world's two biggest gold producers, but could Australia be about to fall off the pace? well that's a given. the world and all its resources are finite. Pity the greedy people haven't realised that yet or don't want to. The ABC seems to always talk down enterprise and effort by hard working Australians. Lucky for this country, exploration is once again booming with hundreds of promising “shows” being reported, and not all in the traditional remote areas, either.
Source: abcnews - 🏆 5. / 83 Read more »