A recent development in the financial sector has been reported by Reuters. ANZ Group has indicated a slowdown in mortgage demand. This change is attributed to property tax changes in Australia.

The announcement from ANZ Group suggests a softer housing market. Despite this, the company has posted a slightly higher profit. The news follows similar signals from larger rivals in the industry.

Further details on this development can be found through Reuters. The report provides insight into the current state of the housing market in Australia, as affected by recent tax changes.