Investor Presentaiton

Australian housing market. Slowdown in activity in response to higher rates. Mortgage interest rates (%) % Housing finance approvals by segment ($bn) 9 8 do ∞ 76 543 % $bn Value of housing finance Variable* 3 year fixed 18 1876 54 First home buyers 16 Upgraders 14 Investors 321 2 12 10 8 6 4 2 Sep-06 Economics Sep-10 Sep-14 Sep-18 Sep-22 Sources: ABS, Westpac Economics Residential property: sales vs listings 2 21 0 Standard, owner occupied, including discount - Nov 2022 is Westpac estimates assuming rates rise in line with RBA's 25bp cash rate increase 0 0 Oct-12 Oct-14 Oct-16 Oct-18 Oct-20 Oct-22 Sep-02 Oct-08 Oct-10 Sources: RBA, Westpac Economics Auction clearance rates (monthly, %) % 95 % '000s Sydney Melbourne 95 31 85 75 65 55 ми 85 29 75 65 32222 New listings (Ihs) 33 27 25 55 21 45 45 latest 19 35 week 35 Monthly, capital cities combined, 17 Seasonally adjusted by Westpac seasonally adjusted by Westpac, smoothed 25 25 15 Oct-12 Oct-15 Oct-18 Oct-21 Oct-12 Oct-15 Oct-18 Oct-21 Oct-10 Oct-12 Oct-14 Source: CoreLogic, Westpac Economics Sources: APM, CoreLogic, Westpac Economics 115 Westpac Group 2022 Full Year Results Presentation & Investor Discussion Pack $bn 18 16 14 12 10 8 642 O 0 Sales (lhs) '000s 35 30 - 25 20 15 Oct-16 Oct-18 Oct-20 Oct-22 Westpac GROUP

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