Australia’s private sector credit increased by 0.6% month-on-month in September 2026, edging above market expectations of a 0.5% rise and matching the pace seen in the previous two months. Housing credit growth was unchanged at 0.4%, while business credit remained solid at 0.9%, underscoring steady borrowing activity in both categories. In contrast, growth in other personal credit slowed to 0.3% from 0.7% in August, signalling a loss of momentum in non-housing household borrowing. On an annual basis, private sector credit growth was steady at 8.4%, unchanged from August, indicating that overall credit expansion remained robust.