Housing credit to pick up in 2025

Credit growth solid

Credit growth slowed a touch to 0.5 per cent in January, as businesses borrowed with a little less fervour, but overall credit growth was solid over the year at 6½ per cent.

Housing credit growth also eased a little to 0.45 per cent for the month, as higher mortgage rates weighed, which was the slowest credit growth since June last year. 

Still it's been clear that investors are coming back into the market.

Despite the monthly easing, the housing credit impulse still looks very solid.

In any case, lending for housing will begin to pick up after the first rate cut in 2025.

In other news, international student commencements picked up to a record high of +559,000 over the year to November, some 11 per cent higher than the pre-pandemic prior corresponding period.

No slowdown in international students then...

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