Comyn noted that while the bank benefits from increased housing credit, a moderated growth rate would better support financial stability and equitable access to the housing market. He highlighted that the present credit growth rates might surpass levels deemed comfortable by policymakers and regulators.
Recent data from the Australian Bureau of Statistics indicates a 6.4% rise in new loan commitments for dwellings in the third quarter of 2025. Additionally, the Reserve Bank of Australia (RBA) has observed that total housing credit growth has exceeded post-global financial crisis averages, largely driven by heightened investor activity spurred by low interest rates.
CBA has been at the forefront of this mortgage growth, expanding its mortgage portfolio by 6% to A$664.7 billion in the fiscal year ending June 30. Despite this growth, Comyn anticipates a potential cooling in housing demand, citing subdued expectations for interest rate cuts and projecting that the cash rate will likely remain at 3.6% through 2026 due to persistent inflation.
For prospective homebuyers and investors, these developments underscore the importance of staying informed about market trends and considering the implications of rapid credit growth on property prices and financial stability. Engaging with financial advisors and utilizing resources like loan comparison tools can aid in making informed decisions in this dynamic market environment.
