Loans extended in Australia rose 6.5% in January

Business loans rose the fastest compared to the same month in 2024.

Total lending in Australia rose by 6.5% year-on-year (YoY) in January 2025, according to data from the Reserve Bank of Australia (RBA).

Compared to December 2024, total credit rose by 0.5%.

Housing loans recorded a 5.6% YoY increase, ramping up from the 4.2% YoY rise.

Personal loans rose 2.2% YoY in January, or the same pace as in 2024. Compared to December 2024, personal loan growth was flat.

Business loans rose 8.8% YoY, and 0.7% month-on-month (MoM).