Australia’s private sector credit rose 0.6% month-on-month in September 2025, matching the pace of the previous month but exceeding market expectations of a 0.5% increase. Credit growth was steady for housing (at 0.6%) and personal loans (at 0.5%) but eased for business lending (0.4% vs 0.6% in August). On an annual basis, private credit grew 7.3%, following a 7.2% increase in August and marking the fastest expansion since January 2023.