Housing credit growth, 12 months, Australia
Housing credit growth, 12 months in Australia was 7.30% in , down 0.20 pp from and up 1.20 pp from a year earlier. Over the latest 12 readings it moved between 6.30% and 7.50%. The next reading is for September 2026. Source: RBA, RBA table D1; history from .
Key takeaways
- Housing credit growth, 12 months at 7.30% in beats 70% of readings since (RBA).
- Against a ten-year average of 5.47%, housing credit growth, 12 months is above that norm by 1.83 pp (RBA).
What this indicator is and why it matters
Housing credit growth, 12 months, is the percent change in Australian housing credit over the previous twelve months, published by the Reserve Bank of Australia in table D1 (series DGFACH12). The RBA calculates it from seasonally adjusted data and adjusts it for breaks in the series.
It is the cleanest measure of how fast Australians are adding to mortgage debt. Faster growth than household incomes means housing debt is rising relative to the means to repay it, a key concern for the RBA's financial stability assessments and for bank supervisors. Banks use it to benchmark their own mortgage book growth against the market.
The important feature is the break adjustment. When lenders reclassify loans, change reporting or securitize assets, the levels in table D2 shift without any real change in borrowing; the RBA removes those effects from this growth rate. As a result, the growth calculated from the housing credit levels on this site can differ from this published rate, sometimes noticeably. Use this series for momentum and the level series for the size of the debt. A 12-month rate also responds slowly, so turning points in monthly lending appear here only after several months.
Where it sits in history
Housing credit growth, 12 months is at its lowest since , when it stood at 7.10%. Within ten years, housing credit growth, 12 months beats 88% of readings; earlier years held housing credit growth, 12 months higher.
| Window | Latest is higher than | Average | Highest | Lowest |
|---|---|---|---|---|
| Since January 2006 | 70% of readings | 6.74% | 14.50% | 3.00% |
| Last ten years | 88% of readings | 5.47% | 8.00% | 3.00% |
| Last five years | 75% of readings | 6.10% | 8.00% | 4.20% |
- Housing credit growth, 12 months 7.3%
Recent readings
Last five years
- Housing credit growth, 12 months 7.3%
Latest readings
| Period | Value | Change from previous |
|---|---|---|
| 7.30% | -0.20 pp | |
| 7.50% | 0.00 pp | |
| 7.50% | 0.00 pp | |
| 7.50% | 0.00 pp | |
| 7.50% | +0.10 pp | |
| 7.40% | +0.30 pp | |
| 7.10% | +0.10 pp | |
| 7.00% | +0.10 pp | |
| 6.90% | +0.30 pp | |
| 6.60% | +0.10 pp | |
| 6.50% | +0.20 pp | |
| 6.30% | +0.20 pp | |
| 6.10% | +0.10 pp |
Annual averages
By calendar-year average, housing credit growth, 12 months peaked in (13.62%) and bottomed in (3.22%). 2026 to date: 7.35%, after 6.08% in 2025.
| Year | Average | Low | High | Readings |
|---|---|---|---|---|
| 2026 (part year) | 7.35% | 7.00% | 7.50% | 8 |
| 2025 | 6.08% | 5.60% | 6.90% | 12 |
| 2024 | 4.80% | 4.20% | 5.50% | 12 |
| 2023 | 4.81% | 4.20% | 6.10% | 12 |
| 2022 | 7.58% | 6.50% | 8.00% | 12 |
| 2021 | 5.51% | 3.70% | 7.40% | 12 |
| 2020 | 3.22% | 3.10% | 3.50% | 12 |
| 2019 | 3.48% | 3.00% | 4.40% | 12 |
| 2018 | 5.57% | 4.70% | 6.30% | 12 |
| 2017 | 6.51% | 6.30% | 6.70% | 12 |
| 2016 | 6.73% | 6.30% | 7.30% | 12 |
| 2015 | 7.31% | 7.00% | 7.50% | 12 |
| 2014 | 6.40% | 5.60% | 7.00% | 12 |
| 2013 | 4.73% | 4.40% | 5.40% | 12 |
| 2012 | 4.94% | 4.50% | 5.30% | 12 |
| 2011 | 6.11% | 5.40% | 7.10% | 12 |
| 2010 | 7.82% | 7.20% | 8.20% | 12 |
| 2009 | 6.91% | 6.40% | 7.70% | 12 |
| 2008 | 9.56% | 7.30% | 11.70% | 12 |
| 2007 | 12.62% | 11.80% | 13.50% | 12 |
| 2006 | 13.62% | 12.80% | 14.50% | 12 |
How is it measured?
12-month-ended growth in housing credit (adjusted for series breaks by the RBA).
RBA publishes housing credit growth, 12 months monthly in RBA table D1, in percent and is seasonally adjusted. Code: DGFACH12. Method for housing credit growth, 12 months.
Questions
How high is housing credit growth, 12 months in Australia now?
7.30% in (RBA), up 1.20 pp on a year earlier.
Is housing credit growth, 12 months high by historical standards?
Housing credit growth, 12 months beats 70% of readings since ; its peak was 14.50% (), its low 3.00% ().
When is housing credit growth, 12 months updated?
Monthly, in RBA table D1. Next reading: September 2026.
Where can I check housing credit growth, 12 months at the source?
RBA data, code DGFACH12.