Australia Private Sector Credit Growth Beats Estimates

Australia’s private sector credit rose 0.8% month-on-month in December 2025, exceeding market expectations of 0.6% and accelerating from a 0.6% growth in the previous month. The latest figure marked the highest increase since June 2022, as credit growth quickened for both housing (0.7% vs 0.6% in November) and business (1.0% vs 0.9%). At the same time, personal credit rebounded strongly (0.5% vs -0.6%). On an annual basis, private credit expanded 7.7%, up from 7.4% in the preceding two months and marking the fastest pace in five years, underscoring sustained demand for credit despite a still-restrictive interest-rate environment.

Australia’s private sector credit rose 0.6% month-on-month in November 2025, surpassing market expectations of a 0.2% growth but easing from a 0.7% increase in the previous month. Credit growth moderated for business lending (0.7% vs 0.8% in October), while housing remained steady at 0.6%, and personal credit fell 0.5% after edging up 0.1% in October. On an annual basis, private credit increased by 7.4%, accelerating slightly from a 7.3% gain in the prior month, marking the fastest expansion since January 2023.

Australia’s private sector credit grew 0.7% month-on-month in October 2025, surpassing both the previous month and market expectations of a 0.6% rise. Credit growth accelerated for business lending (0.8% vs 0.5% in September), remained steady for housing (at 0.6%), and eased for personal loans (0.2% vs 0.5%). On an annual basis, private credit grew by 7.3%, accelerating slightly from a downwardly revised 7.2% in the prior month, marking the fastest expansion since January 2023.