Housing credit, Australia
The housing credit in Australia was A$2,628.5 bn in , down 0.1% from and up 6.8% from a year earlier. Over the latest 12 readings it moved between A$2,479.3 bn and A$2,631.9 bn. The next reading is for September 2026. Source: RBA, RBA table D2; history from .
Key takeaways
- The housing credit at A$2,628.5 bn in beats 100% of readings since (RBA).
- Against a ten-year average of A$2,035.4 bn, the housing credit is above that norm by A$593.1 bn (RBA).
What this indicator is and why it matters
Housing credit is the total amount Australian households owe on loans to buy or build homes, combining owner-occupier and investor housing credit from the Reserve Bank of Australia's table D2. The series is seasonally adjusted and includes loans that lenders have securitized. EconoMonitor adds the two published components (series DLCACOHS and DLCACIHS) to form the total.
Housing loans are the largest asset of Australia's major banks, so this series is the backbone of bank balance sheets and of household debt. Its growth reflects the housing market, interest rates and lending standards set by banks and by the Australian Prudential Regulation Authority, and it is watched closely as a measure of household leverage and of the banking system's exposure to property.
The level is a nominal amount and grows with house prices and population, so the housing credit growth page and comparisons with income say more about momentum and burden. The split between owner-occupiers and investors also changed in 2015 and 2016 when lenders reclassified many loans, which shifts the components but leaves this total largely intact; that makes the total the safer series for long comparisons.
Where it sits in history
The housing credit is at its lowest since , when it stood at A$2,619.6 bn. Within ten years, the housing credit beats 99% of readings.
| Window | Latest is higher than | Average | Highest | Lowest |
|---|---|---|---|---|
| Since January 2006 | 100% of readings | A$1,586.0 bn | A$2,631.9 bn | A$729.7 bn |
| Last ten years | 99% of readings | A$2,035.4 bn | A$2,631.9 bn | A$1,577.7 bn |
| Last five years | 98% of readings | A$2,287.5 bn | A$2,631.9 bn | A$1,975.8 bn |
- Housing credit A$2,628bn
Recent readings
Last five years
- Housing credit A$2,628bn
Latest readings
| Period | Value | Change from previous |
|---|---|---|
| A$2,628.5 bn | -0.1% | |
| A$2,631.9 bn | +0.5% | |
| A$2,619.6 bn | +0.6% | |
| A$2,603.5 bn | +0.6% | |
| A$2,589.1 bn | +0.6% | |
| A$2,574.3 bn | +0.7% | |
| A$2,555.3 bn | +0.6% | |
| A$2,541.3 bn | +0.6% | |
| A$2,526.9 bn | +0.7% | |
| A$2,510.1 bn | +0.6% | |
| A$2,495.1 bn | +0.6% | |
| A$2,479.3 bn | +0.7% | |
| A$2,462.0 bn | +0.6% |
Annual averages
By calendar-year average, the housing credit peaked in (A$2,447.5 bn) and bottomed in (A$776.2 bn). 2026 to date: A$2,592.9 bn, after A$2,447.5 bn in 2025.
| Year | Average | Low | High | Readings |
|---|---|---|---|---|
| 2026 (part year) | A$2,592.9 bn | A$2,541.3 bn | A$2,631.9 bn | 8 |
| 2025 | A$2,447.5 bn | A$2,381.7 bn | A$2,526.9 bn | 12 |
| 2024 | A$2,311.0 bn | A$2,254.9 bn | A$2,371.3 bn | 12 |
| 2023 | A$2,203.4 bn | A$2,163.3 bn | A$2,246.6 bn | 12 |
| 2022 | A$2,103.9 bn | A$2,040.1 bn | A$2,156.1 bn | 12 |
| 2021 | A$1,953.8 bn | A$1,888.6 bn | A$2,026.6 bn | 12 |
| 2020 | A$1,848.3 bn | A$1,820.2 bn | A$1,881.1 bn | 12 |
| 2019 | A$1,812.0 bn | A$1,790.8 bn | A$1,832.4 bn | 12 |
| 2018 | A$1,772.1 bn | A$1,730.5 bn | A$1,808.4 bn | 12 |
| 2017 | A$1,677.8 bn | A$1,629.4 bn | A$1,724.6 bn | 12 |
| 2016 | A$1,567.4 bn | A$1,523.9 bn | A$1,614.9 bn | 12 |
| 2015 | A$1,473.1 bn | A$1,426.6 bn | A$1,517.0 bn | 12 |
| 2014 | A$1,374.2 bn | A$1,333.7 bn | A$1,418.5 bn | 12 |
| 2013 | A$1,299.5 bn | A$1,274.6 bn | A$1,329.3 bn | 12 |
| 2012 | A$1,244.3 bn | A$1,216.9 bn | A$1,269.8 bn | 12 |
| 2011 | A$1,190.0 bn | A$1,166.4 bn | A$1,211.5 bn | 12 |
| 2010 | A$1,124.6 bn | A$1,086.1 bn | A$1,160.5 bn | 12 |
| 2009 | A$1,038.0 bn | A$998.3 bn | A$1,079.6 bn | 12 |
| 2008 | A$960.7 bn | A$924.1 bn | A$992.9 bn | 12 |
| 2007 | A$871.5 bn | A$825.8 bn | A$916.6 bn | 12 |
| 2006 | A$776.2 bn | A$729.7 bn | A$818.7 bn | 12 |
How is it measured?
Owner-occupier plus investor housing credit, seasonally adjusted, including securitisations. Formula: DLCACOHS + DLCACIHS.
RBA publishes the housing credit monthly in RBA table D2, in AUD and is seasonally adjusted. Code: DLCACOHS + DLCACIHS; the total is derived by EconoMonitor. Method for the housing credit.
Questions
How high is the housing credit in Australia now?
A$2,628.5 bn in (RBA), up 6.8% on a year earlier.
Is the housing credit high by historical standards?
The housing credit beats 100% of readings since ; its peak was A$2,631.9 bn (), its low A$729.7 bn ().
When is the housing credit updated?
Monthly, in RBA table D2. Next reading: September 2026.
Where can I check the housing credit at the source?
RBA data, code DLCACOHS + DLCACIHS; the total is derived by EconoMonitor.