ANZ's first half cash profits have slumped by 24%, prompting a 7% dividend cut
A selection of major real estate players have questioned the decision of three major banks to stop lending to foreign property buyers.
ANZ third-party leader Keiran Evans has left the bank, with Simone Tilley taking up the new role of Head of Broker Distribution.
Westpac joins ANZ and CBA in withdrawing from real estate lending to foreigners.
Analysis suggests the major banks will not increase lending rates to maintain high profits, yet consumers will likely pay in other ways, says one mortgage broker.
Australia's big four banks have moved quickly to state they will not pass the cost of the new ASIC levy on to customers.