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ANZ Group Says Home Loan Applications Fell 12% Following May Budget

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ANZ Group Holdings' (ASX:ANZ, NZE:ANZ) value of new home loan applications fell 12% between the Australian federal budget announcement in May and the end of July, according to a Thursday filing with the Australian bourse.

The bank said its mortgage application value declined 5% in the fiscal third quarter from the linked three-month period, per the filing.

Both readings exclude the impact of the Australian government's 5% deposit scheme.

The company's Australian shares rose 3% in recent Thursday trade, while its New Zealand shares gained 4%, after it reported fiscal Q3 results.

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