Australia Housing Credit MoM

Info

History

Chart

Impact:

Low

Latest Release:

Big Surprise:

0.1%

Actual:

0.5%

Forecast: 0.4%

Previous/Revision:

0.4%

Period: Apr 2025

Next Release:

Forecast:

Period: May 2025

What Does It Measure?

The Australia Housing Credit MoM indicator measures the monthly change in the total credit extended to investors, owner-occupiers, and other borrowers in the Australian housing market. It primarily assesses changes in borrowing activity, reflecting trends in housing market demand and providing insight into broader economic conditions by focusing on credit lending, with key indicators such as percentage changes in credit growth, which can signal shifts in housing market dynamics and economic health. This is a national indicator specific to Australia.

Frequency

The Australia Housing Credit MoM report is released monthly, usually towards the end of the month, providing timely data on the latest credit trends.

Why Do Traders Care?

Traders care about this indicator as it offers insights into the health of the housing market, which is closely linked to consumer confidence and economic growth. Higher or unexpectedly strong credit growth is usually bullish for the Australian dollar (AUD) as it suggests positive economic momentum, whereas weaker-than-anticipated data may be bearish, impacting equities and currency markets.

What Is It Derived From?

The Australia Housing Credit MoM is calculated using data collected from financial institutions about the total credit extended to borrowers within a given month. The data aggregation involves summing the credit issued to different sectors within the housing market, adjusted for repayments, and comparing it to previous months to assess growth trends.

Description

The Australia Housing Credit MoM captures the month-over-month change in the credit available to the housing sector, providing insights into borrowing behavior and financial conditions within the housing market. Preliminary reports, typically based on early lender data, can often be revised as more comprehensive information becomes available, but initial releases have significant market impact due to their timeliness. Traders and analysts pay close attention to these reports to forecast economic conditions, with preliminary data often moving markets more aggressively due to its leading nature in economic reporting.

Additional Notes

The Australia Housing Credit is considered a leading economic indicator, reflecting prospective housing sector trends that can indicate future economic activity. It is often compared with other regional and global housing market reports to assess comparative credit growth and economic conditions.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for AUD, Bullish for Stocks. Lower than expected: Bearish for AUD, Bearish for Stocks. Hawkish tone: Signaling higher interest rates due to increased economic activity, is usually good for the AUD but bad for Stocks due to higher borrowing costs.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the ‘Actual’ value differs enough from the forecast or if the ‘Previous’ value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the ‘Actual’ deviates from the forecast or there’s a notable revision to the ‘Previous’ value.

Medium Potential Impact
This event is unlikely to affect market pricing unless there’s an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
'Actual' deviated from 'Forecast' on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
'Actual' deviated from 'Forecast' on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency.

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
Apr 30, 2025	0.5%	0.4%	0.4%	0.1%
Mar 31, 2025	0.4%	0.4%	0.4%
Feb 28, 2025	0.4%	0.5%	0.5%	-0.1%
Jan 31, 2025	0.5%	0.5%	0.5%
Dec 20, 2024	0.5%	0.4%	0.5%	0.1%
Nov 29, 2024	0.5%	0.4%	0.5%	0.1%
Oct 31, 2024	0.5%	0.4%	0.4%	0.1%
Sep 30, 2024	0.4%	0.5%	0.5%	-0.1%
Aug 30, 2024	0.5%	0.4%	0.4%	0.1%
Jul 31, 2024	0.4%	0.4%	0.4%
Jun 28, 2024	0.4%	0.4%	0.5%
May 31, 2024	0.4%	0.4%	0.4%
Apr 30, 2024	0.4%	0.3%	0.4%	0.1%
Mar 28, 2024	0.4%	0.4%	0.4%
Feb 29, 2024	0.4%	0.4%	0.4%
Jan 31, 2024	0.4%	0.3%	0.4%	0.1%
Dec 22, 2023	0.4%	0.3%	0.4%	0.1%
Nov 30, 2023	0.4%	0.3%	0.4%	0.1%
Oct 31, 2023	0.4%	0.2%	0.3%	0.2%
Sep 29, 2023	0.3%	0.3%	0.3%
Aug 31, 2023	0.3%	0.3%	0.3%
Jul 31, 2023	0.2%	0.3%	0.3%	-0.1%
Jun 30, 2023	0.3%	0.3%	0.4%
May 31, 2023	0.3%	0.2%	0.3%	0.1%
Apr 28, 2023	0.3%	0.2%	0.3%	0.1%
Mar 31, 2023	0.3%	0.2%	0.3%	0.1%
Feb 28, 2023	0.3%	0.3%	0.3%
Jan 31, 2023	0.3%	0.4%	0.4%	-0.1%
Dec 23, 2022	0.4%	0.3%	0.4%	0.1%
Nov 30, 2022	0.4%	0.4%	0.5%