Housing credit growth in Australia eased to 0.3 percent month-over-month in December 2022 from 0.4 percent in November. It was the weakest pace of increase since October 2020, due to rising borrowing costs. source: Reserve Bank of Australia
Housing Credit in Australia averaged 0.93 percent from 1976 until 2022, reaching an all time high of 3.00 percent in April of 1980 and a record low of -0.40 percent in July of 1984. This page includes a chart with historical data for Australia Housing Credit MoM. Australia Housing Credit MoM - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.
Housing Credit in Australia is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Housing Credit MoM is projected to trend around -0.10 percent in 2024 and 0.30 percent in 2025, according to our econometric models.