Australian Credit Aggregates
Total credit represents all the funds borrowed by Australian households and businesses from financial intermediaries.
Chart shows Total Credit in $Billions (AUD) over time (black line) taken from the Lending and Credit Aggregates series. The $Billions axis was converted to a logarithmic scale and a linear model (purple line) was fit to the data. Calculating percent change in total credit is not recommended from this data as it has not been adjusted for series breaks (RBA).
Chart shows year-on-year percent change in Total Credit (black line) taken from the Growth in Selected Financial Aggregates series. A smoothing (purple) and average (orange dotted) line were added. The grey dotted line shows the percent change year-on-year if calculated from the raw credit data.
Credit Owner-Occupier Housing represents funds borrowed by Australian households for housing (owner-occupier)
Chart shows Housing (Owner-Occupier) Credit in $Billions (AUD) over time (black line) taken from the Lending and Credit Aggregates series. The $Billions axis was converted to a logarithmic scale and a linear model (purple line) was fit to the data. Calculating percent change in total credit is not recommended from this data as it has not been adjusted for series breaks (RBA).
Chart shows year-on-year percent change in Housing (Owner-Occupier) Credit (black line) taken from the Growth in Selected Financial Aggregates series. A smoothing (purple) and average (orange dotted) line were added. The grey dotted line shows the percent change year-on-year if calculated from the raw credit data.
Credit Investor Housing represents funds borrowed by Australian households for housing (investment)
Chart shows Housing (Investor) Credit in $Billions (AUD) over time (black line) taken from the Lending and Credit Aggregates series. The $Billions axis was converted to a logarithmic scale and a linear model (purple line) was fit to the data. Calculating percent change in total credit is not recommended from this data as it has not been adjusted for series breaks. This data was first published in July 2019 (RBA)
Chart shows year-on-year percent change in Housing (Investor) Credit (black line) taken from the Growth in Selected Financial Aggregates series. A smoothing (purple) and average (orange dotted) line were added. The grey dotted line shows the percent change year-on-year if calculated from the raw credit data.
Credit - Net Switching of housing loan purpose represents switching of loans from investor to owner-occupied within the same lender - one month delay.
Chart shows net switching of loan purpose in $Billions (AUD) over time (black line) taken from the Lending and Credit Aggregates series. The $Billions axis was converted to a logarithmic scale and a linear model (purple line) was fit to the data. The RBA does not produce growth data for this series and no series breaks have been recorded (RBA).
Chart shows year-on-year percent change in net switching of loan purpose (black line) taken from the Growth in Selected Financial Aggregates series. A smoothing (purple) and average (orange dotted) line were added. The black line shows the percent change year-on-year calculated from the raw credit data.
Credit Business represents funds borrowed by Business for purposes such as investing in projects, buying assets, or managing their cash flows.
Chart shows Business Credit in $Billions (AUD) over time (black line) taken from the Lending and Credit Aggregates series. The $Billions axis was converted to a logarithmic scale and a linear model (purple line) was fit to the data. Calculating percent change in total credit is not recommended from this data as it has not been adjusted for series breaks (RBA).
Chart shows year-on-year percent change in Business Credit (black line) taken from the Growth in Selected Financial Aggregates series. A smoothing (purple) and average (orange dotted) line were added. The grey dotted line shows the percent change year-on-year if calculated from the raw credit data.
Credit other personal represents funds borrowed for the purpose of consumption (e.g. cars and holidays)
Chart shows Personal Credit in $Billions (AUD) over time (black line) taken from the Lending and Credit Aggregates series. The $Billions axis was converted to a logarithmic scale and a linear model (purple line) was fit to the data. Calculating percent change in total credit is not recommended from this data as it has not been adjusted for series breaks (RBA).
Chart shows year-on-year percent change in Personal Credit (black line) taken from the Growth in Selected Financial Aggregates series. A smoothing (purple) and average (orange dotted) line were added. The grey dotted line shows the percent change year-on-year if calculated from the raw credit data.
- Data is sourced directly from the Reserve Bank of Australia and compiled using R. Charts created using ggplot2 and published using Plotly.
- From July 2019, the financial aggregates are compiled using an improved conceptual framework and a new data collection. This is referred to as the Economic and Financial Statistics Collection. Various movements from the June 2019 to July 2019 reporting periods are sizable, in part because the new data collection more consistently classifies loans according to their purpose. For more information, see Updates to Australia’s Financial Aggregates (source RBA).
