Australia’s private sector credit rose 0.6% in August 2026 and 8.4% over the year, matching July’s annual growth rate and exceeding market expectations for a 0.5% monthly gain. Housing credit, representing 62% of total private credit, increased 0.4% during the month, its softest rise since January 2025, as investor credit growth slowed to 0.3% from 0.4% while owner-occupier credit held at 0.5%. Business credit, which accounts for 34% of total private credit, grew 0.9%, easing from 1% in July. Other personal credit rose 0.7%, up from 0.5%. Annual housing credit growth slowed to 7.3% from 7.5%, while business and other personal credit accelerated to 10.9% and 5.1%, respectively. Broad money increased 0.1% monthly and 6.9% year-ended in August.