0430 GMT - Australian government changes to investor tax concessions could improve asset quality at the country's major banks, Moody's analysts say. While any benefit would take time to manifest, the analysts say in a note that the changes could modestly strengthen asset quality because the share of overall lending going to property investors should decline. The short-term credit impact on banks of changes to taxation is likely to be negative, they add. They don't think that the drop in credit demand from investors, wary of changes to rules on capital gains tax, will be offset by extra demand from owner-occupiers. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

May 19, 2026 00:30 ET (04:30 GMT)

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