Australia’s private sector credit rose by 8.2% in May 2026, the largest increase since November 2022, following an 8.0% advance in the previous month. Growth in housing credit remained steady at 7.5%, while that of business credit (9.9% vs 9.6%) and other personal credit (4.4% vs 4.3%) picked up. source: Reserve Bank of Australia
Loan Growth in Australia averaged 10.19 percent from 1977 until 2026, reaching an all time high of 25.50 percent in October of 1988 and a record low of -1.80 percent in April of 1992. This page includes a chart with historical data for Australia Private Sector Credit Growth YoY. Australia Private Sector Credit Growth YoY - values, historical data and charts - was last updated on July of 2026.
Loan Growth in Australia is expected to be 8.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Private Sector Credit Growth YoY is projected to trend around 7.50 percent in 2027 and 6.70 percent in 2028, according to our econometric models.