Investor Presentaiton

Australian housing market. Housing market in strong, broad-based upswing led by owner-occupiers. Australian dwelling prices (index) Housing finance approvals by segment ($bn) All dwellings (index, Jan 2004 = 100) $bn Index 230 230 45 Rest of Australia 40 210 210 'Upgraders' Investor Other capitals 35 190 190 First home buyers 30 -Sydney-Melbourne 170 170 25 20 150 150 15 130 130 10 110 110 5 90 90 0 Mar-04 Jan-07 Nov-09 Sep-12 Jul-15 May-18 Mar-21 Feb-01 Feb-05 Sources: CoreLogic, Westpac Economics. Dwelling prices Sources: ABS, Westpac Economics. Economics $bn GUNN WR 0 Feb-09 Feb-13 Feb-17 Feb-21 Westpac Economics dwelling price forecasts (%) % change over period % Capital city Pop'n Last 3 mths (to Mar-21) Last 12 mths (Mar-21) Last 5 years ■2021 forecast 2021 year to date 20 (to Mar-21) % 20 Sydney 4.8m Up 6.7% Up 5.4% Up 3.7% 15 15 Melbourne 4.5m Up 4.9% Up 0.7% Up 3.8% 10 10 Brisbane 2.3m Up 4.8% Up 6.8% Up 2.4% 5 5 Perth 1.9m Up 5.0% Up 6.0% Down 2.0% 0 0 Sydney Melbourne Brisbane Perth Adelaide Australia Sources: CoreLogic, Westpac Economics. Sources: CoreLogic, Westpac Economics. 103 Westpac Group 2021 Interim Results Presentation & Investor Discussion Pack Westpac GROUP

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