FX.co ★ Australia Private Credit Growth Tops Expectations

In April 2025, Australia's private sector credit saw a substantial monthly increase of 0.7%, outperforming market forecasts which had anticipated a 0.5% rise. This growth follows three consecutive months of 0.5% increases and represents the most significant monthly uptick since September 2022. The expansion was primarily fueled by a rise in both housing credit, which climbed to 0.5% from 0.4% in March, and business loans, which surged to 1% from 0.4%. In contrast, personal credit growth decelerated to 0.3% from 0.6%. Annually, private sector credit experienced a 6.7% increase in April, marking the most rapid growth since March 2023, succeeding a stable 6.5% growth over the previous three months.