FX.co ★ Australia Private Credit Growth at 3-Month High

In July 2025, Australia experienced a 0.7% month-on-month increase in private sector credit, following two consecutive months of 0.6% growth. This rise represents the most significant uptick since April and exceeds market predictions of a 0.6% increase. The primary driver of this acceleration was a substantial rise in business credit, which surged by 1.4% compared to a 0.5% increase in June. Concurrently, housing credit maintained a steady growth rate of 0.5%, while personal credit decelerated to 0.4% from 0.8%. On an annual basis, private credit grew by 7.2%, an increase from the previous two months' 6.9% and the fastest rate recorded since February 2023.