Australia mortgage lending grows 7.0% in year to September 2026
Housing credit in Australia grew 7.0% in the year to September and 0.4% on the month, while business credit rose 11.3%, Reserve Bank of Australia data show.
The facts
- The Reserve Bank of Australia, in financial aggregates released on 30 October 2026, reported housing credit growth of +7.0% over the year to September 2026.
- Housing credit rose 0.4% in September, the same monthly pace as in August.
- Business credit, defined in the release as lending to non-financial businesses, grew 11.3% over the year and 0.9% in the month.
- Personal credit grew 4.8% over the year, with monthly growth easing to 0.3% in September from 0.7% in August.
- Total credit grew 8.4% over the year and 0.6% in the month, and broad money grew 6.2% over the year and 0.2% in the month.
- The release states that all growth rates are seasonally adjusted and adjusted for the effects of breaks in the series.
What it means for your money
- Credit for housing is flowing, not tightening. Easier finance helps you buy, and it also brings more bidders.
- Glopra data for Australia put the average apartment at 471,613 US dollars with an average monthly rent of 1,921 US dollars, a gross yield of 4.89%, so a leveraged purchase there is priced against a yield below 5%.
- If you already own in Australia, year-ended housing credit growth of 7.0% means the pool of financed buyers behind your eventual exit is still expanding.
What to watch
- The release reports credit growth, not interest rates. A faster-growing stock of housing credit does not tell you what a new loan costs.
- Whether the gap between business credit at 11.3% and housing credit at 7.0% narrows, and which of the two moves.
- These series are seasonally adjusted and adjusted for breaks, so a single month's reading is not a raw lending flow.
Sources: Reserve Bank of Australia https://www.rba.gov.au/statistics/frequency/fin-agg/2026/fin-agg-0926.html