CommBank CFO sees 4%-5% housing credit growth despite 15% drop in mortgage applications

• Commonwealth Bank flagged weaker mortgage demand, with applications down about 15% in the past 12 weeks.
• Applications were about 17% lower than a year earlier, following three interest rate rises early in 2026.
• Housing credit growth still seen at about 4%-5% over the next 12 months, a historically robust pace.
• House price forecasts range from modest falls to about 10%, versus roughly 70% gains over the past six years.
• A 10% decline would take prices back to around January 2025 levels.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Commonwealth Bank of Australia published the original content used to generate this news brief on August 20, 2026, and is solely responsible for the information contained therein.