Westpac expects 11 per cent house price fall, posts $6.8 billion profit
Westpac reported a $6.8 billion annual profit while warning of an 11% decline in Australian house prices by March 2027. The bank noted that while business investment remains strong, high interest rates continue to pressure households.
Why it matters
As a major financial institution, Westpac's economic outlook provides significant insight into the health of the Australian housing market and broader economic stability.
— 1:13pm , first published November 2, 2026 — 8:40am
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Share A A A Westpac expects interest rates to remain “elevated” into 2027 and house prices to fall by nearly 11 per cent by March as it reported a $6.8 billion profit.
On Monday, the country’s oldest bank said the Australian economy was holding up “relatively well” on the back of strong business investment, but that price growth remained above the Reserve Bank’s target.
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