Australia's private sector credit rose 0.8% month-over-month in June 2026, quickening slightly from 0.7% growth recorded in each of the previous three months and marking the fastest expansion since December. Business credit increased 1.1%, the strongest gain in six months, up from 1.0% in May, supported by continued corporate borrowing and investment activity. Personal credit rose 0.8%, accelerating from 0.6% and posting its strongest monthly increase since December 2009, suggesting firmer household demand for consumer and other personal loans. Meanwhile, housing credit held steady at 0.6% for a sixth consecutive month, indicating resilient mortgage lending despite still-elevated borrowing costs. On an annual basis, private sector credit grew 8.5%, up from 8.3% in May and marking the strongest yearly expansion since October 2022, reflecting sustained demand for credit across households and businesses. source: Reserve Bank of Australia

Private Sector Credit in Australia increased to 0.80 percent in June from 0.70 percent in May of 2026. Private Sector Credit in Australia averaged 0.81 percent from 1976 until 2026, reaching an all time high of 2.90 percent in July of 1986 and a record low of -0.50 percent in July of 1992. This page provides the latest reported value for - Australia Private Sector Credit - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Australia Private Sector Credit - data, historical chart, forecasts and calendar of releases - was last updated on August of 2026.

Private Sector Credit in Australia increased to 0.80 percent in June from 0.70 percent in May of 2026. Private Sector Credit in Australia is expected to be 0.50 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 is projected to trend around 0.40 percent in 2027 and 0.30 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-06-30 01:30 AM
Private Sector Credit MoM
May 0.7% 0.7% 0.6% 0.6%
2026-07-31 01:30 AM
Private Sector Credit MoM
Jun 0.8% 0.7% 0.6% 0.6%
2026-08-31 01:30 AM
Private Sector Credit MoM
Jul 0.8% 0.7%


Related Last Previous Unit Reference
Bank Lending Rate 10.76 10.76 percent Jun 2026
Consumer Credit 2549.37 2536.50 AUD Billion May 2026
Housing Credit MoM 0.60 0.60 percent Jun 2026
Private Sector Credit MoM 0.80 0.70 percent Jun 2026


Australia Private Sector Credit
In Australia, private sector credit refers to the month-over-month change of credit extended to the economy's private sector for housing, personal and business expenditures. It includes securitizations.
Actual Previous Highest Lowest Dates Unit Frequency
0.80 0.70 2.90 -0.50 1976 - 2026 percent Monthly
SA

News Stream
Australia Private Credit Grows the Most in Six Months
Australia's private sector credit rose 0.8% month-over-month in June 2026, quickening slightly from 0.7% growth recorded in each of the previous three months and marking the fastest expansion since December. Business credit increased 1.1%, the strongest gain in six months, up from 1.0% in May, supported by continued corporate borrowing and investment activity. Personal credit rose 0.8%, accelerating from 0.6% and posting its strongest monthly increase since December 2009, suggesting firmer household demand for consumer and other personal loans. Meanwhile, housing credit held steady at 0.6% for a sixth consecutive month, indicating resilient mortgage lending despite still-elevated borrowing costs. On an annual basis, private sector credit grew 8.5%, up from 8.3% in May and marking the strongest yearly expansion since October 2022, reflecting sustained demand for credit across households and businesses.
2026-07-31
Australia’s Private Sector Credit Growth Steady at 0.7%
Australia’s private sector credit rose by 0.7% month-over-month in May 2026, matching the growth recorded in both March and April and slightly exceeding market expectations of a 0.6% rise. Housing credit, which accounts for 62% of total private credit, increased by 0.5%, easing from a 0.6% gain in the previous month amid slower growth in both owner-occupier credit (0.4% vs 0.5% in April) and investor credit (0.8% vs 0.9%). Meanwhile, business credit, representing 34% of the total, increased by 1.0%, following a 0.7% rise in April, while other personal credit, accounting for the remaining 4%, advanced by 0.6% after a 0.2% increase. Yearly, private sector credit grew by 8.2%, the largest increase since November 2022, following an 8.0% rise in April. Annual 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. The continued expansion in credit came despite tighter monetary policy from the RBA.
2026-06-30
Australia’s Private Sector Credit Growth Holds Steady in April
Australia’s private sector credit growth remained flat at 0.7% month-over-month in April 2026, according to a delayed report from the Reserve Bank of Australia. The figure slightly beat market forecasts of 0.6%. Annually, growth dipped marginally to 8.0% from 8.1%, yet continued to signal resilience in private credit despite higher interest rates and economic uncertainty. Housing credit, representing 62% of total credit, grew by 0.6%. Investor credit led the way, rising 0.9% and pushing annual growth to 10.2%, the first double-digit increase since 2015. Owner-occupier credit growth stayed steady at 0.5% month-over-month and 6.2% year-over-year. Business credit, accounting for 34% of private credit, increased by 0.7%, while other personal credit, making up 4%, rose by just 0.1%, marking the second-weakest performance since late 2024. Looking forward, credit growth is expected to slow due to higher energy prices, rising inflation, and tighter monetary policy from the RBA.
2026-06-05