CEO Matt Comyn acknowledged that while the bank has benefited from the surge in housing credit, a more moderate pace of credit growth would be beneficial. He emphasized that the current high demand could undermine housing equality and market accessibility.
Data from the Australian Bureau of Statistics revealed a 6.4% increase in new housing loan commitments in the third quarter compared to the previous quarter. This surge has been driven by low interest rates and government incentives aimed at first-time buyers.
CBA led the expansion in mortgage lending with a 6% increase to A$664.7 billion in the financial year ending June 30, 2025. However, Comyn anticipates that demand may ease due to expectations that interest rates will remain at 3.6% through 2026, as inflation remains elevated.
For potential homebuyers, this development highlights the importance of careful financial planning and consideration of market conditions. While the current environment offers opportunities, it's crucial to assess one's financial capacity and the potential long-term implications of taking on a mortgage in a highly competitive market.
Published: Wednesday 17th December, 2025
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