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Australian National Accounts: Finance and Wealth

Latest release

National, public and private corporations, government and household financial and capital accounts, and household balance sheets.

Reference period

September 2025

Released

18/12/2025

Release date and time

18/12/2025 11:30am AEDT

Key statistics

Household wealth increased $551.3b (3.1%) to $18,400.7b.
Demand for credit was $155.6b.
Australia's net borrowing position rose by $14.0b to $31.2b this quarter.
Capital investment as a proportion of GDP increased to 24.5%.

Main features

Financing resources and investment tables

Financing resources September quarter 2025, original, current prices, $b
	Non-financial corps	Financial corps	Government	Households	Total national	Rest of world
Net saving (a)	-10.0	16.1	-29.1	51.8	28.8	25.5
plus Consumption of fixed capital	63.3	4.0	16.1	46.8	130.2	-
Gross saving	53.2	20.1	-12.9	98.6	158.9	25.5
plus Net capital transfers	0.4	0.0	-11.7	11.2	-0.2	0.2
less Statistical discrepancy (b)	-	-	-	-	12.6	-
Total financing resources	53.6	20.1	-24.6	109.7	146.2	25.7

Uses of financing (investment) September quarter 2025, original, current prices, $b
	Non-financial corps	Financial corps	Government	Households	Total national	Rest of world
Capital formation
	Gross fixed capital formation	85.2	4.1	24.4	59.5	173.2	-
	plus Changes in inventories	0.7	0.0	0.1	-2.1	-1.4	-
	plus Net acquisition of non-produced non-financial assets	-0.4	-	0.4	-	-	-
	Total capital formation	85.4	4.1	24.9	57.4	171.9	-
plus Financial investment
	Aquistition of financial assets	43.6	28.8	14.8	97.6	-38.6	-7.4
	less Incurrence of financial liabilities	67.8	48.9	69.2	30.1	-7.4	-38.6
	Net Financial investment (Net lending (+) / net borrowing (-))	-24.2	-20.1	-54.4	67.5	-31.2	31.2
less Net errors and omissions	7.7	-36.1	-4.9	15.2	-5.6	5.6
Total investment	53.6	20.1	-24.6	109.7	146.2	25.7

Financial market summary table

Financial market summary, $b
	Amounts outstanding, Jun-25	Transactions, Sep-25	Other changes, Sep-25	Amounts outstanding, Sep-25
Currency and deposits
	Currency	108.2	1.4	-	109.6
	Transferable deposits	2,420.8	29.0	-2.7	2,447.1
	Other deposits	1,721.4	41.3	-1.0	1,761.8
Short term debt securities
	Bills of exchange	4.7	-0.1	-	4.7
	One name paper	591.9	5.2	-0.7	596.4
Long term debt securities
	Bonds, etc.	3,750.0	49.9	-23.0	3,776.9
Derivatives
	Derivatives	691.9	-235.6	189.8	646.1
Loans and placements
	Short term	476.7	-7.6	1.5	470.6
	Long term	5,336.4	88.2	-3.0	5,421.6
Shares and other equity
	Listed	3,101.0	6.7	152.9	3,260.6
	Unlisted	7,124.2	74.6	116.3	7,315.1
Insurance technical reserves
	Reserves of pension funds and life	4,044.4	25.9	141.2	4,211.6
	General insurance payments	181.8	-4.0	0.0	177.8

Flow of funds diagrams

National investment

National investment decreased by $7.0b to $171.9b in the September quarter.

General government investment decreased by $8.7b to $24.9b, driven by a decrease in gross fixed capital formation for both state and local general government and national general government.
Non-financial corporations' investment decreased by $0.8b to $85.4b, driven by a decrease in gross fixed capital formation for both private and public non-financial corporations.
Households' investment increased by $2.5b to $57.4b, driven by an increase in gross fixed capital formation.

Financial investment

Australia was a net borrower of $31.2b from rest of world (ROW). The main contributors were a:

$63.7b acquisition by ROW of debt securities issued by Australia
$31.1b acquisition by ROW of equity issued by Australia
Partly offset by $28.3b disposal by ROW of equity issued by Australia

Australia recorded is largest net borrowing position in the September quarter, which reflected strong ROW investment in Australian company shares, and debt securities issued by the government and banks.

Households

Households' $67.5b net lending position was due to a $97.6b acquisition of financial assets, partly offset by a $30.1b incurrence of liabilities. The acquisition of assets was driven by:

$63.3b in deposits
$28.6b net equity in superannuation

While liabilities were driven by:

$30.3b in loan borrowings

Household deposits grew strongly in September, largely due to the seasonal timing of tax refunds.

General government

General government’s $54.4b net borrowing position was due to a $69.2b incurrence of liabilities, partly offset by a $14.8b acquisition of financial assets. The acquisition of assets was driven by a:

$12.7b increase in other accounts
$9.8b increase in deposits
Partly offset by a $8.5b reduction in loan assets

Liabilities were driven by:

$46.0b net bond issuance
$23.2b in loan borrowings

The national general government remained in a net borrowing position for a fifth consecutive quarter. Net issuance of Treasury bonds this quarter was driven by ongoing funding requirements. State and territory governments continued to borrow funds from their respective central borrowing authorities to fund infrastructure projects.

Net financial investment (net lending (+) / borrowing (-))
	National net financial investment ($b)	Non-financial corporations ($b)	Financial corporations ($b)	General government ($b)	Households ($b)
Sep-12	-19.2	-3.1	-11.5	-24.3	19.7
Dec-12	-20.3	-13.5	-0.6	-12.4	6.2
Mar-13	-10.2	-29.5	18.2	-15.5	16.6
Jun-13	-11.7	-42.4	21.2	-14.0	23.5
Sep-13	-19.2	-12.9	-20.1	-20.2	34.0
Dec-13	-12.6	-45.0	27.2	-10.9	16.0
Mar-14	-9.5	-18.0	10.2	-11.0	9.2
Jun-14	-13.7	-21.3	14.4	-10.2	3.4
Sep-14	-13.5	-13.1	-18.4	-18.4	36.4
Dec-14	-16.5	-3.2	-30.7	-10.0	27.4
Mar-15	-14.9	-21.8	1.7	-3.6	8.8
Jun-15	-22.3	-29.4	3.4	-8.4	12.0
Sep-15	-27.2	-54.6	-7.5	-15.0	49.9
Dec-15	-25.8	-35.9	1.8	-7.2	15.4
Mar-16	-18.4	-25.0	11.2	-8.8	4.2
Jun-16	-15.1	9.0	-33.3	-6.0	15.2
Sep-16	-15.1	-8.3	-2.5	-22.1	17.8
Dec-16	-8.0	1.5	-8.2	-24.1	22.8
Mar-17	-3.8	-14.6	8.0	2.2	0.5
Jun-17	-13.5	24.1	-32.9	-12.8	8.1
Sep-17	-15.9	-10.2	-10.7	-18.7	23.7
Dec-17	-19.4	-7.8	-22.9	-2.6	13.9
Mar-18	-9.5	-23.4	6.5	-0.9	8.4
Jun-18	-16.0	-10.0	-19.0	-0.2	13.2
Sep-18	-9.0	-26.6	-3.1	-18.5	39.3
Dec-18	-7.9	-6.9	3.0	-9.2	5.2
Mar-19	-5.5	-14.8	-6.7	-0.3	16.3
Jun-19	6.0	11.4	-33.6	-9.2	37.5
Sep-19	6.1	-7.8	-14.3	-22.9	51.2
Dec-19	-1.0	-13.5	6.2	-14.2	20.5
Mar-20	7.6	-12.8	10.5	-14.3	24.2
Jun-20	15.6	44.9	3.8	-89.0	55.9
Sep-20	7.7	16.5	20.8	-110.8	81.3
Dec-20	15.2	7.4	11.2	-44.9	41.5
Mar-21	15.4	-7.9	34.8	-14.6	3.2
Jun-21	23.3	18.8	8.0	-9.8	6.3
Sep-21	11.7	-31.0	29.5	-44.9	58.0
Dec-21	6.9	-7.3	15.9	-30.1	28.4
Mar-22	1.9	-40.0	37.8	-5.4	9.4
Jun-22	15.0	-3.5	29.0	-10.6	0.2
Sep-22	-10.8	-59.8	31.6	-34.5	51.9
Dec-22	9.9	6.3	-5.6	-12.5	21.7
Mar-23	2.0	-18.4	-11.4	10.3	21.4
Jun-23	5.4	13.7	-9.8	3.4	-1.9
Sep-23	-15.4	-80.1	27.4	-28.9	66.2
Dec-23	4.3	-12.6	15.8	-26.9	28.1
Mar-24	-13.4	-9.7	-10.2	-7.3	13.9
Jun-24	-19.6	-12.9	15.1	-15.2	-6.6
Sep-24	-17.9	-12.8	-26.6	-41.8	63.2
Dec-24	-19.6	-27.4	5.9	-42.0	43.9
Mar-25	-12.7	-13.4	-9.7	-19.4	29.8
Jun-25	-17.3	17.9	-16.5	-25.6	7.0
Sep-25	-31.2	-24.2	-20.1	-54.4	67.5

Net financial investment (net lending (+) / borrowing (-))

["","National net financial investment","Non-financial\u00a0corporations","Financial\u00a0corporations","General\u00a0government","Households"]

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Demand for credit

Demand for credit table

Demand for credit non-financial domestic sectors, $b
	Credit market outstandings, Jun-25	Demand for credit, Sep-25	Other changes, Sep-25	Credit market outstandings, Sep-25
Non-financial corporations
	Investment funds	609.1	4.9	12.0	626.0
	Other private	4,907.3	55.1	130.2	5,092.5
	Public	199.0	2.1	-0.1	201.1
General government
	National	899.5	38.9	-10.3	928.1
	State and local	486.8	24.4	-0.1	511.1
Households	3,155.8	30.1	-1.6	3,184.3
Total	10,257.4	155.6	130.2	10,543.1

Demand for credit was $155.6b in the September quarter, of which:

General government borrowed $63.4b
Private non-financial businesses borrowed $55.1b.
Households borrowed $30.1b

Credit market outstandings increased by $286b, comprised of demand for credit of $142.8b and revaluation gains of $143.2b. Other Private Non-Financial Corporations and National General Government drove the rise in demand for credit whilst Other Private Non-Financial Corporations drove the revaluation gains.

Other private non-financial corporations

Growth in business credit was driven by loans from authorised deposit-taking institutions (ADIs) this quarter alongside increased equity investment in Australian companies by the ROW. Business financing activity comprised:

equity raising of $29.5b
loan borrowings of $25.9b

General government

Commonweallth government demand for credit was driven by increased issuance of new debt securities. State and local general government demand for credit was driven by increased loans from central borrowing authorities.
General government financing activity comprised:

$39.1b in net issuance of bonds and one name paper by national general government
$23.6b in loan borrowings by state and local general government

Households

Housing credit growth in September quarter was driven by increased investor lending. Growth in household loan liabilities were partly offset by the government's write down of student debt. Households borrowed:

$30.3b in long term loans
Partly offset by a net repayment of $0.1b in short term loans

Demand for credit by sector
	Private non-financial businesses ($b)	Households ($b)	General government ($b)	Other ($b)
Sep-12	16.3	4.7	26.8	3.4
Dec-12	14.8	15.9	12.0	6.5
Mar-13	24.8	12.3	8.6	1.3
Jun-13	37.4	28.8	-6.2	5.0
Sep-13	26.1	3.7	28.9	-0.3
Dec-13	38.6	32.5	22.5	9.4
Mar-14	7.9	18.7	20.1	0.0
Jun-14	32.3	36.1	6.9	8.7
Sep-14	33.6	13.6	24.2	-6.1
Dec-14	35.4	26.8	8.9	3.1
Mar-15	43.2	25.1	16.1	7.4
Jun-15	27.0	39.3	5.3	11.8
Sep-15	39.7	12.3	36.4	3.8
Dec-15	33.4	23.2	2.1	7.9
Mar-16	30.4	25.1	22.0	3.4
Jun-16	11.1	34.7	2.5	2.7
Sep-16	20.3	28.5	25.8	6.0
Dec-16	56.5	20.7	19.0	-7.6
Mar-17	6.3	21.6	18.9	4.4
Jun-17	38.0	40.6	19.6	1.2
Sep-17	33.4	18.0	5.4	6.0
Dec-17	30.9	27.7	15.7	5.2
Mar-18	39.0	19.6	6.3	3.7
Jun-18	14.0	27.5	10.1	2.9
Sep-18	67.0	11.1	5.9	9.1
Dec-18	8.8	25.7	6.1	3.0
Mar-19	35.5	15.3	-0.3	5.4
Jun-19	38.8	4.0	12.3	-3.6
Sep-19	18.1	-0.1	25.8	4.5
Dec-19	21.0	19.3	15.7	6.0
Mar-20	49.7	3.9	35.6	5.4
Jun-20	-7.2	14.6	136.2	9.4
Sep-20	2.0	6.3	144.0	6.9
Dec-20	4.5	22.5	30.2	10.4
Mar-21	18.4	28.1	20.2	5.5
Jun-21	11.9	49.6	6.8	18.5
Sep-21	58.0	41.1	48.9	8.3
Dec-21	34.8	54.1	22.6	15.5
Mar-22	162.6	41.6	13.6	11.3
Jun-22	48.2	52.9	40.4	15.5
Sep-22	77.3	26.0	15.5	6.7
Dec-22	11.3	32.0	2.2	-0.9
Mar-23	41.7	18.8	16.8	9.1
Jun-23	-4.1	41.8	-8.1	3.3
Sep-23	56.2	13.4	20.2	9.0
Dec-23	31.2	29.8	28.1	7.7
Mar-24	46.8	31.7	23.9	9.7
Jun-24	38.8	55.8	-7.0	7.6
Sep-24	37.2	25.8	44.4	4.3
Dec-24	55.3	38.9	-2.0	12.8
Mar-25	43.3	34.7	38.2	8.4
Jun-25	43.1	61.1	-14.5	10.7
Sep-25	55.1	30.1	63.4	7.1

Demand for credit by sector

["","Private non-financial businesses","Households","General government","Other"]

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"Other" includes private non-financial investment funds and public non-financial corporations.

Households

Balance sheet

Household balance sheet, $b
	Amounts outstanding, Jun-25	Transactions, Sep-25	Other changes(a), Sep-25	Holding gains/losses, Sep-25	Amounts outstanding, Sep-25
Non-financial assets
	Land and dwellings	11,861.7	12.9	10.1	282.8	12,167.5
	Other non-financial assets	918.8	-2.2	-	5.5	922.0
Financial assets
	Superannuation reserves	4,337.5	28.6	-	131.6	4,497.7
	Shares and other equity	1,641.8	6.9	-	31.4	1,680.0
	Currency and deposits	1,863.4	63.3	-	0.4	1,927.0
	Other financial assets	534.7	-1.1	-	9.8	543.3
Liabilities
	Loans	3,152.4	30.3	-	-1.6	3,181.1
	Other liabilities	155.9	-0.1	-	-	155.8
Wealth (Net worth)	17,849.4	78.2	10.1	463.0	18,400.7
Memorandum item
	Consumer durables (b)	572.3	0.0	-	-	575.8

Financial assets

Household selected financial assets, $b
	Transactions, Mar-25	Amounts outstanding, Mar-25	Transactions, Jun-25	Amounts outstanding, Jun-25	Transactions, Sep-25	Amounts outstanding, Sep-25
Total assets	61.2	8,074.4	63.2	8,377.3	97.6	8,648.1
Deposits	27.4	1,807.3	5.7	1,812.9	62.7	1,875.9
Shares and equity	-4.8	1,582.8	5.8	1,641.8	6.9	1,680.0
Net equity in reserves	29.3	3,841.5	39.2	4,054.0	25.7	4,221.4
	Pension funds	24.8	3,701.5	41.7	3,909.2	25.7	4,071.5
Other assets	9.3	842.8	12.5	868.7	2.3	870.7

Liabilities

Household selected liabilities, $b
	Transactions, Mar-25	Amounts outstanding, Mar-25	Transactions, Jun-25	Amounts outstanding, Jun-25	Transactions, Sep-25	Amounts outstanding, Sep-25
Total liabilities	31.4	3,250.3	56.2	3,308.6	30.1	3,337.2
Short term loans	-0.4	58.3	0.3	58.6	-0.1	58.5
Long term loans	35.2	3,031.0	61.0	3,093.9	30.3	3,122.6
Other liabilities	-3.4	161.1	-5.0	156.1	-0.1	156.1

Household wealth grew by 3.1% ($551.3b) to $18,400.7b by the end of the September quarter. The increase in net worth was driven by growth in the value of land and dwellings, and financial assets.

Non-financial assets

Non-financial assets owned by households increased by 2.4% ($309.1b). The value of residential land and dwellings increased by 2.7% ($303.7b), with property prices and the number of dwellings both rising during the quarter.

Financial assets

Financial assets of households increased by 3.2% ($270.8b), with a:

$160.2b rise in superannuation reserves
$63.0b rise in deposits
$38.3b rise in shares and equity

The rise in the value of superannuation reserves and shares and other equity was due to continued strong performance in both domestic and overseas share markets. The final increase to the super guarantee occurred in the September quarter, further adding to superannuation balances.

Total deposits increased by 3.5% ($63.0b). Transferable deposit account balances rose $52.7b and non transaction deposit accounts (which include term deposit and other savings accounts) rose $10.0b.

Liabilities

Household liabilities increased by 0.9% ($28.6b), with a:

$28.8b rise in long-term loans.

This was slightly offset by a:

$0.1b fall in short-term loans.

The growth in long-term loans was driven by a 1.9% ($47.8b) rise in housing loans, with both investors and owner occupiers contributing to demand. This was partly offset by a fall in loans from National General Government, as legislation was passed this quarter to reduce student debt by 20 per cent.

Household wealth, contribution to growth, quarterly
	Wealth (Net worth) ($b)	Land and dwellings ($b)	Superannuation ($b)	Currency and deposits ($b)	Shares and equity ($b)	Other financial assets ($b)	Liabilities ($b)
Sep-12	61.7	-15.0	51.0	22.5	15.8	-4.0	-10.5
Dec-12	179.9	105.9	58.3	12.6	14.6	-2.5	-14.5
Mar-13	145.9	54.4	68.0	9.7	22.9	1.0	-14.6
Jun-13	-0.9	78.6	-52.5	6.4	-3.0	1.3	-36.2
Sep-13	212.9	83.3	88.4	26.3	21.0	-0.5	-11.4
Dec-13	235.7	173.2	53.3	20.4	8.7	7.9	-37.8
Mar-14	139.0	76.5	46.1	9.7	19.4	-1.4	-19.7
Jun-14	117.4	94.9	26.2	7.0	15.3	4.1	-38.0
Sep-14	164.6	82.6	51.3	29.5	13.1	-0.7	-19.6
Dec-14	262.2	169.2	59.6	25.5	24.6	1.9	-30.3
Mar-15	263.8	125.0	106.0	13.9	34.9	7.6	-32.0
Jun-15	202.4	224.7	12.3	6.4	0.1	-5.0	-42.4
Sep-15	122.9	129.6	-24.5	37.2	0.9	-2.5	-22.0
Dec-15	150.7	46.6	76.4	19.6	30.4	-2.7	-25.8
Mar-16	-13.8	9.6	-18.7	12.8	3.6	1.9	-26.2
Jun-16	282.0	137.3	149.0	10.6	16.2	8.1	-41.9
Sep-16	230.7	125.7	79.3	25.3	23.7	3.1	-30.1
Dec-16	335.9	258.0	48.6	24.9	22.8	0.4	-26.4
Mar-17	231.7	160.4	63.2	9.8	20.8	1.6	-29.9
Jun-17	154.8	170.0	16.7	1.4	4.2	-0.5	-41.2
Sep-17	28.0	14.2	-3.4	21.7	11.8	6.6	-26.8
Dec-17	286.6	167.9	95.7	13.5	26.4	9.3	-33.1
Mar-18	-13.8	17.1	-16.6	10.0	2.2	0.3	-30.8
Jun-18	88.2	-26.3	107.9	1.5	21.9	11.8	-31.2
Sep-18	34.6	-51.0	47.7	28.2	18.8	5.1	-16.0
Dec-18	-205.3	-60.9	-111.3	9.5	-7.5	-9.0	-31.0
Mar-19	57.9	-119.6	142.6	5.4	33.6	14.4	-20.2
Jun-19	318.9	68.5	220.6	4.3	27.8	13.1	-15.3
Sep-19	336.0	225.8	63.2	25.9	16.9	11.3	-6.2
Dec-19	288.9	218.7	62.1	12.9	13.0	2.3	-23.8
Mar-20	-249.7	106.0	-275.5	18.2	-63.2	-16.6	-21.6
Jun-20	233.1	-23.5	166.6	35.1	32.3	25.5	-6.3
Sep-20	347.3	222.4	38.9	65.2	7.5	7.8	-1.7
Dec-20	634.9	376.7	163.8	27.5	54.0	18.6	-21.0
Mar-21	550.2	457.0	67.0	13.7	28.2	-2.5	-27.6
Jun-21	568.6	428.5	118.3	5.9	35.0	19.2	-53.5
Sep-21	731.5	598.5	62.0	75.0	25.7	7.5	-52.5
Dec-21	727.5	585.9	99.5	47.2	20.8	9.3	-56.2
Mar-22	169.1	196.3	-51.3	33.2	22.2	-7.4	-41.1
Jun-22	-400.3	-36.5	-295.0	5.6	-22.0	-16.8	-49.6
Sep-22	-206.2	-255.3	-4.2	52.4	14.3	5.4	-29.4
Dec-22	243.0	73.3	122.9	33.1	35.4	6.1	-43.3
Mar-23	200.5	60.9	114.5	26.3	21.1	1.8	-33.9
Jun-23	349.9	312.7	57.8	-7.3	17.1	7.4	-44.3
Sep-23	251.5	168.1	8.4	52.1	35.3	7.9	-26.3
Dec-23	519.6	314.6	147.4	30.1	52.5	-0.8	-35.5
Mar-24	381.6	176.6	145.5	32.0	57.5	5.5	-44.4
Jun-24	276.0	260.1	7.2	-9.4	26.4	40.0	-54.6
Sep-24	314.8	56.4	146.1	60.8	49.5	26.7	-29.3
Dec-24	387.3	258.2	64.6	57.3	30.3	12.5	-44.3
Mar-25	110.9	88.7	-14.7	28.6	17.1	24.7	-39.9
Jun-25	444.2	196.2	207.4	6.0	58.9	30.6	-58.2
Sep-25	551.3	305.8	160.2	63.6	38.3	8.6	-28.6

Household wealth, contribution to growth, quarterly

["","Wealth (Net worth)","Land and dwellings","Superannuation","Currency and deposits","Shares and equity","Other financial assets","Liabilities"]

[["Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21","Sep-21","Dec-21","Mar-22","Jun-22","Sep-22","Dec-22","Mar-23","Jun-23","Sep-23","Dec-23","Mar-24","Jun-24","Sep-24","Dec-24","Mar-25","Jun-25","Sep-25"],[[61.7],[179.9],[145.9],[-0.9],[212.9],[235.7],[139],[117.4],[164.6],[262.2],[263.8],[202.4],[122.9],[150.7],[-13.8],[282],[230.7],[335.9],[231.7],[154.8],[28],[286.6],[-13.8],[88.2],[34.6],[-205.3],[57.9],[318.9],[336],[288.9],[-249.7],[233.1],[347.3],[634.9],[550.2],[568.6],[731.5],[727.5],[169.1],[-400.3],[-206.2],[243],[200.5],[349.9],[251.5],[519.6],[381.6],[276],[314.8],[387.3],[110.9],[444.2],[551.3]],[[-15],[105.9],[54.4],[78.6],[83.3],[173.2],[76.5],[94.9],[82.6],[169.2],[125],[224.7],[129.6],[46.6],[9.6],[137.3],[125.7],[258],[160.4],[170],[14.2],[167.9],[17.1],[-26.3],[-51],[-60.9],[-119.6],[68.5],[225.8],[218.7],[106],[-23.5],[222.4],[376.7],[457],[428.5],[598.5],[585.9],[196.3],[-36.5],[-255.3],[73.3],[60.9],[312.7],[168.1],[314.6],[176.6],[260.1],[56.4],[258.2],[88.7],[196.2],[305.8]],[[51],[58.3],[68],[-52.5],[88.4],[53.3],[46.1],[26.2],[51.3],[59.6],[106],[12.3],[-24.5],[76.4],[-18.7],[149],[79.3],[48.6],[63.2],[16.7],[-3.4],[95.7],[-16.6],[107.9],[47.7],[-111.3],[142.6],[220.6],[63.2],[62.1],[-275.5],[166.6],[38.9],[163.8],[67],[118.3],[62],[99.5],[-51.3],[-295],[-4.2],[122.9],[114.5],[57.8],[8.4],[147.4],[145.5],[7.2],[146.1],[64.6],[-14.7],[207.4],[160.2]],[[22.5],[12.6],[9.7],[6.4],[26.3],[20.4],[9.7],[7],[29.5],[25.5],[13.9],[6.4],[37.2],[19.6],[12.8],[10.6],[25.3],[24.9],[9.8],[1.4],[21.7],[13.5],[10],[1.5],[28.2],[9.5],[5.4],[4.3],[25.9],[12.9],[18.2],[35.1],[65.2],[27.5],[13.7],[5.9],[75],[47.2],[33.2],[5.6],[52.4],[33.1],[26.3],[-7.3],[52.1],[30.1],[32],[-9.4],[60.8],[57.3],[28.6],[6],[63.6]],[[15.8],[14.6],[22.9],[-3],[21],[8.7],[19.4],[15.3],[13.1],[24.6],[34.9],[0.1],[0.9],[30.4],[3.6],[16.2],[23.7],[22.8],[20.8],[4.2],[11.8],[26.4],[2.2],[21.9],[18.8],[-7.5],[33.6],[27.8],[16.9],[13],[-63.2],[32.3],[7.5],[54],[28.2],[35],[25.7],[20.8],[22.2],[-22],[14.3],[35.4],[21.1],[17.1],[35.3],[52.5],[57.5],[26.4],[49.5],[30.3],[17.1],[58.9],[38.3]],[[-4],[-2.5],[1],[1.3],[-0.5],[7.9],[-1.4],[4.1],[-0.7],[1.9],[7.6],[-5],[-2.5],[-2.7],[1.9],[8.1],[3.1],[0.4],[1.6],[-0.5],[6.6],[9.3],[0.3],[11.8],[5.1],[-9],[14.4],[13.1],[11.3],[2.3],[-16.6],[25.5],[7.8],[18.6],[-2.5],[19.2],[7.5],[9.3],[-7.4],[-16.8],[5.4],[6.1],[1.8],[7.4],[7.9],[-0.8],[5.5],[40],[26.7],[12.5],[24.7],[30.6],[8.6]],[[-10.5],[-14.5],[-14.6],[-36.2],[-11.4],[-37.8],[-19.7],[-38],[-19.6],[-30.3],[-32],[-42.4],[-22],[-25.8],[-26.2],[-41.9],[-30.1],[-26.4],[-29.9],[-41.2],[-26.8],[-33.1],[-30.8],[-31.2],[-16],[-31],[-20.2],[-15.3],[-6.2],[-23.8],[-21.6],[-6.3],[-1.7],[-21],[-27.6],[-53.5],[-52.5],[-56.2],[-41.1],[-49.6],[-29.4],[-43.3],[-33.9],[-44.3],[-26.3],[-35.5],[-44.4],[-54.6],[-29.3],[-44.3],[-39.9],[-58.2],[-28.6]]]

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Private non-financial corporations

Financial assets

Private non-financial corporations' selected financial assets, $b
	Transactions, Mar-25	Amounts outstanding, Mar-25	Transactions, Jun-25	Amounts outstanding, Jun-25	Transactions, Sep-25	Amounts outstanding, Sep-25
Total assets	27.1	2,251.4	69.8	2,306.4	41.2	2,318.7
Deposits	-3.7	811.3	59.2	865.9	13.2	877.9
Shares and equity	8.7	827.6	9.3	837.7	13.5	825.6
Other accounts receivable	24.1	358.3	0.7	349.6	23.5	368.2
Other assets	-2.0	254.2	0.6	253.2	-9.0	247.0

Liabilities

Private non-financial corporations' selected liabilities, $b
	Transactions, Mar-25	Amounts outstanding, Mar-25	Transactions, Jun-25	Amounts outstanding, Jun-25	Transactions, Sep-25	Amounts outstanding, Sep-25
Total liabilities	41.4	5,659.2	44.5	5,805.8	64.8	6,015.0
Total debt securities	4.7	301.3	1.2	301.9	0.1	300.0
Loans	22.0	1,198.2	22.4	1,214.0	26.8	1,240.2
	Authorised deposit taking institutions	12.2	805.0	17.0	819.7	23.8	843.3
	Rest of world	7.6	244.8	0.1	240.5	0.8	241.0
Shares and equity	23.0	3,853.2	24.8	3,987.1	32.7	4,164.4
	Households	0.0	950.3	6.1	971.8	8.4	997.9
	Rest of world	12.2	1,485.8	18.7	1,521.5	25.9	1,582.1
Other liabilities	-8.3	306.5	-3.9	302.9	5.2	310.5

The debt-to-equity ratio (adjusted for price changes) increased to 0.58 and follows the gradual increase in the ratio seen since the September quarter 2021. The unadjusted debt-to-equity ratio fell to 0.44 in the September quarter 2025 following strong domestic equity market performance.

Private non-financial corporations' debt to equity ratio
	Debt to equity ratio, adjusted for price changes, September 2005 base	Debt to equity ratio
Sep-05	0.50	0.50
Dec-05	0.52	0.51
Mar-06	0.53	0.50
Jun-06	0.54	0.52
Sep-06	0.56	0.52
Dec-06	0.58	0.51
Mar-07	0.60	0.50
Jun-07	0.60	0.49
Sep-07	0.63	0.51
Dec-07	0.66	0.54
Mar-08	0.67	0.60
Jun-08	0.69	0.60
Sep-08	0.70	0.69
Dec-08	0.71	0.81
Mar-09	0.68	0.79
Jun-09	0.64	0.70
Sep-09	0.63	0.63
Dec-09	0.62	0.60
Mar-10	0.61	0.60
Jun-10	0.60	0.64
Sep-10	0.60	0.60
Dec-10	0.58	0.55
Mar-11	0.58	0.55
Jun-11	0.57	0.56
Sep-11	0.59	0.63
Dec-11	0.60	0.64
Mar-12	0.60	0.61
Jun-12	0.61	0.66
Sep-12	0.61	0.64
Dec-12	0.61	0.62
Mar-13	0.61	0.61
Jun-13	0.61	0.65
Sep-13	0.61	0.62
Dec-13	0.62	0.63
Mar-14	0.61	0.62
Jun-14	0.61	0.61
Sep-14	0.62	0.63
Dec-14	0.61	0.63
Mar-15	0.62	0.62
Jun-15	0.61	0.63
Sep-15	0.62	0.67
Dec-15	0.62	0.65
Mar-16	0.63	0.65
Jun-16	0.62	0.63
Sep-16	0.62	0.60
Dec-16	0.62	0.59
Mar-17	0.61	0.58
Jun-17	0.61	0.58
Sep-17	0.61	0.57
Dec-17	0.60	0.54
Mar-18	0.60	0.55
Jun-18	0.59	0.53
Sep-18	0.60	0.53
Dec-18	0.59	0.55
Mar-19	0.59	0.52
Jun-19	0.59	0.51
Sep-19	0.59	0.52
Dec-19	0.58	0.50
Mar-20	0.60	0.61
Jun-20	0.58	0.53
Sep-20	0.57	0.52
Dec-20	0.55	0.48
Mar-21	0.56	0.48
Jun-21	0.57	0.47
Sep-21	0.56	0.47
Dec-21	0.55	0.45
Mar-22	0.53	0.43
Jun-22	0.54	0.47
Sep-22	0.54	0.48
Dec-22	0.54	0.46
Mar-23	0.54	0.45
Jun-23	0.54	0.45
Sep-23	0.55	0.46
Dec-23	0.56	0.45
Mar-24	0.56	0.45
Jun-24	0.56	0.45
Sep-24	0.56	0.45
Dec-24	0.57	0.46
Mar-25	0.57	0.47
Jun-25	0.57	0.46
Sep-25	0.58	0.44

Private non-financial corporations' debt to equity ratio

["","Debt to equity ratio, adjusted for price changes, September 2005 base","Debt\u00a0to\u00a0equity\u00a0ratio"]

[["Sep-05","Dec-05","Mar-06","Jun-06","Sep-06","Dec-06","Mar-07","Jun-07","Sep-07","Dec-07","Mar-08","Jun-08","Sep-08","Dec-08","Mar-09","Jun-09","Sep-09","Dec-09","Mar-10","Jun-10","Sep-10","Dec-10","Mar-11","Jun-11","Sep-11","Dec-11","Mar-12","Jun-12","Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21","Sep-21","Dec-21","Mar-22","Jun-22","Sep-22","Dec-22","Mar-23","Jun-23","Sep-23","Dec-23","Mar-24","Jun-24","Sep-24","Dec-24","Mar-25","Jun-25","Sep-25"],[[0.5],[0.52],[0.53],[0.54],[0.56],[0.58],[0.6],[0.6],[0.63],[0.66],[0.67],[0.69],[0.7],[0.71],[0.68],[0.64],[0.63],[0.62],[0.61],[0.6],[0.6],[0.58],[0.58],[0.57],[0.59],[0.6],[0.6],[0.61],[0.61],[0.61],[0.61],[0.61],[0.61],[0.62],[0.61],[0.61],[0.62],[0.61],[0.62],[0.61],[0.62],[0.62],[0.63],[0.62],[0.62],[0.62],[0.61],[0.61],[0.61],[0.6],[0.6],[0.59],[0.6],[0.59],[0.59],[0.59],[0.59],[0.58],[0.6],[0.58],[0.57],[0.55],[0.56],[0.57],[0.56],[0.55],[0.53],[0.54],[0.54],[0.54],[0.54],[0.54],[0.55],[0.56],[0.56],[0.56],[0.56],[0.57],[0.57],[0.57],[0.58]],[[0.5],[0.51],[0.5],[0.52],[0.52],[0.51],[0.5],[0.49],[0.51],[0.54],[0.6],[0.6],[0.69],[0.81],[0.79],[0.7],[0.63],[0.6],[0.6],[0.64],[0.6],[0.55],[0.55],[0.56],[0.63],[0.64],[0.61],[0.66],[0.64],[0.62],[0.61],[0.65],[0.62],[0.63],[0.62],[0.61],[0.63],[0.63],[0.62],[0.63],[0.67],[0.65],[0.65],[0.63],[0.6],[0.59],[0.58],[0.58],[0.57],[0.54],[0.55],[0.53],[0.53],[0.55],[0.52],[0.51],[0.52],[0.5],[0.61],[0.53],[0.52],[0.48],[0.48],[0.47],[0.47],[0.45],[0.43],[0.47],[0.48],[0.46],[0.45],[0.45],[0.46],[0.45],[0.45],[0.45],[0.45],[0.46],[0.47],[0.46],[0.44]]]

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Other private non-financial corporations demand for credit

Other private non-financial corporations demand for credit of $55.1b was driven by:

$25.9b of loan borrowings
$29.5b of equity raising

Other private non-financial corporations' demand for credit
	Total liabilities ($b)	Short-term debt ($b)	Bonds ($b)	Loans ($b)	Equities ($b)
Sep-12	13.4	-3.6	10.6	-2.5	11.8
Dec-12	13.2	-5.0	9.2	2.7	7.8
Mar-13	22.4	-1.8	5.5	9.9	11.1
Jun-13	36.0	-3.2	1.8	17.3	21.5
Sep-13	27.8	1.6	6.7	3.0	14.8
Dec-13	40.7	-7.7	8.4	16.2	21.7
Mar-14	10.1	-3.9	-0.7	0.7	11.8
Jun-14	27.3	-3.4	-5.6	22.5	18.8
Sep-14	39.4	-2.6	9.5	1.7	24.9
Dec-14	35.4	-1.8	-5.8	14.6	28.4
Mar-15	42.1	-3.3	8.9	22.9	14.6
Jun-15	28.4	-2.7	10.5	3.2	16.0
Sep-15	45.2	-1.9	-6.1	31.3	16.5
Dec-15	32.1	-2.0	8.6	12.3	14.5
Mar-16	32.7	-2.4	6.3	14.3	12.1
Jun-16	14.0	-3.1	-5.0	3.3	16.0
Sep-16	25.5	-2.1	-4.9	8.0	19.4
Dec-16	59.6	-2.5	2.9	13.5	42.5
Mar-17	15.7	-0.2	-9.9	1.1	15.4
Jun-17	42.7	-1.4	7.6	3.5	28.3
Sep-17	43.9	-3.8	-1.1	4.5	33.8
Dec-17	27.4	-1.2	-5.0	9.6	27.4
Mar-18	43.7	-0.6	3.4	14.1	22.1
Jun-18	13.2	-2.4	9.1	-11.0	18.3
Sep-18	69.6	-3.4	2.3	24.4	43.6
Dec-18	7.1	-2.8	-0.3	5.0	6.9
Mar-19	33.6	-2.6	-1.6	19.5	20.1
Jun-19	35.3	-4.1	8.4	12.5	21.9
Sep-19	26.5	-1.1	1.2	9.2	8.8
Dec-19	14.9	-2.7	0.3	3.3	20.1
Mar-20	59.4	0.7	-7.7	42.5	14.1
Jun-20	-12.8	-2.5	-7.8	-23.2	26.3
Sep-20	11.4	-0.5	-9.8	-10.8	23.2
Dec-20	17.7	-2.6	-12.5	-11.1	30.7
Mar-21	31.7	0.7	2.3	8.9	6.6
Jun-21	15.2	-0.1	-2.7	8.8	5.9
Sep-21	58.2	-1.7	-1.5	14.5	46.6
Dec-21	34.9	-1.7	0.5	-2.2	38.1
Mar-22	168.1	-0.9	4.1	11.4	148.0
Jun-22	47.2	-0.1	0.0	36.2	12.0
Sep-22	71.5	1.9	-2.5	39.1	38.8
Dec-22	7.8	-0.1	-4.5	5.7	10.2
Mar-23	41.3	0.6	2.6	15.4	23.1
Jun-23	-14.2	-3.8	3.0	4.9	-8.2
Sep-23	64.7	2.8	-1.8	26.0	29.2
Dec-23	36.6	1.1	2.9	15.8	11.3
Mar-24	48.5	-3.3	7.7	17.2	25.1
Jun-24	34.5	0.1	4.6	10.3	23.7
Sep-24	39.6	-0.2	2.8	22.1	12.4
Dec-24	49.5	-0.9	4.4	27.0	24.8
Mar-25	34.9	0.6	3.7	19.2	19.8
Jun-25	39.4	0.6	2.2	18.2	22.1
Sep-25	60.1	0.1	-0.4	25.9	29.5

Other private non-financial corporations' demand for credit

["","Total liabilities","Short-term debt","Bonds","Loans","Equities"]

[["Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21","Sep-21","Dec-21","Mar-22","Jun-22","Sep-22","Dec-22","Mar-23","Jun-23","Sep-23","Dec-23","Mar-24","Jun-24","Sep-24","Dec-24","Mar-25","Jun-25","Sep-25"],[[13.4],[13.2],[22.4],[36],[27.8],[40.7],[10.1],[27.3],[39.4],[35.4],[42.1],[28.4],[45.2],[32.1],[32.7],[14],[25.5],[59.6],[15.7],[42.7],[43.9],[27.4],[43.7],[13.2],[69.6],[7.1],[33.6],[35.3],[26.5],[14.9],[59.4],[-12.8],[11.4],[17.7],[31.7],[15.2],[58.2],[34.9],[168.1],[47.2],[71.5],[7.8],[41.3],[-14.2],[64.7],[36.6],[48.5],[34.5],[39.6],[49.5],[34.9],[39.4],[60.1]],[[-3.6],[-5],[-1.8],[-3.2],[1.6],[-7.7],[-3.9],[-3.4],[-2.6],[-1.8],[-3.3],[-2.7],[-1.9],[-2],[-2.4],[-3.1],[-2.1],[-2.5],[-0.2],[-1.4],[-3.8],[-1.2],[-0.6],[-2.4],[-3.4],[-2.8],[-2.6],[-4.1],[-1.1],[-2.7],[0.7],[-2.5],[-0.5],[-2.6],[0.7],[-0.1],[-1.7],[-1.7],[-0.9],[-0.1],[1.9],[-0.1],[0.6],[-3.8],[2.8],[1.1],[-3.3],[0.1],[-0.2],[-0.9],[0.6],[0.6],[0.1]],[[10.6],[9.2],[5.5],[1.8],[6.7],[8.4],[-0.7],[-5.6],[9.5],[-5.8],[8.9],[10.5],[-6.1],[8.6],[6.3],[-5],[-4.9],[2.9],[-9.9],[7.6],[-1.1],[-5],[3.4],[9.1],[2.3],[-0.3],[-1.6],[8.4],[1.2],[0.3],[-7.7],[-7.8],[-9.8],[-12.5],[2.3],[-2.7],[-1.5],[0.5],[4.1],[0],[-2.5],[-4.5],[2.6],[3],[-1.8],[2.9],[7.7],[4.6],[2.8],[4.4],[3.7],[2.2],[-0.4]],[[-2.5],[2.7],[9.9],[17.3],[3],[16.2],[0.7],[22.5],[1.7],[14.6],[22.9],[3.2],[31.3],[12.3],[14.3],[3.3],[8],[13.5],[1.1],[3.5],[4.5],[9.6],[14.1],[-11],[24.4],[5],[19.5],[12.5],[9.2],[3.3],[42.5],[-23.2],[-10.8],[-11.1],[8.9],[8.8],[14.5],[-2.2],[11.4],[36.2],[39.1],[5.7],[15.4],[4.9],[26],[15.8],[17.2],[10.3],[22.1],[27],[19.2],[18.2],[25.9]],[[11.8],[7.8],[11.1],[21.5],[14.8],[21.7],[11.8],[18.8],[24.9],[28.4],[14.6],[16],[16.5],[14.5],[12.1],[16],[19.4],[42.5],[15.4],[28.3],[33.8],[27.4],[22.1],[18.3],[43.6],[6.9],[20.1],[21.9],[8.8],[20.1],[14.1],[26.3],[23.2],[30.7],[6.6],[5.9],[46.6],[38.1],[148],[12],[38.8],[10.2],[23.1],[-8.2],[29.2],[11.3],[25.1],[23.7],[12.4],[24.8],[19.8],[22.1],[29.5]]]

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Financial corporations

Financial assets and liabilities

Financial corporations' financial assets, $b
	Amounts outstanding, Jun-25	Transactions, Sep-25	Other changes, Sep-25	Amounts outstanding, Sep-25
Central bank	403.4	-2.4	-2.9	398.1
Authorised deposit taking institutions	5,611.2	-32.2	78.9	5,657.9
Other broad money institutions	278.0	3.5	0.5	282.0
Pension funds	3,698.9	25.7	130.1	3,854.7
Life insurance corporations	169.0	1.0	3.9	174.0
Non-life insurance corporations	309.4	-0.1	4.8	314.0
Money market investment funds	34.6	1.6	0.0	36.2
Non-money market investment funds	1,378.1	7.0	65.1	1,450.1
Central borrowing authorities	767.3	21.7	2.3	791.3
Securitisers	708.5	-25.7	0.0	682.8
Other financial corporations	114.0	-24.0	24.6	114.6

Financial corporations' liabilities, $b
	Amounts outstanding, Jun-25	Transactions, Sep-25	Other changes, Sep-25	Amounts outstanding, Sep-25
Central bank	403.9	-1.9	-1.3	400.7
Authorised deposit taking institutions	5,973.5	-17.6	91.2	6,047.1
Other broad money institutions	194.5	2.9	1.3	198.7
Pension funds	3,978.7	22.6	136.6	4,137.9
Life insurance corporations	167.9	-1.3	4.2	170.8
Non-life insurance corporations	379.7	-4.0	-7.7	368.1
Money market investment funds	34.0	1.0	0.5	35.5
Non-money market investment funds	1,601.0	14.7	71.2	1,686.9
Central borrowing authorities	745.3	14.3	-1.7	757.8
Securitisers	762.0	-16.0	-0.5	745.5
Other financial corporations	239.1	-18.3	21.7	242.4

Authorised deposit-taking institutions (ADIs)

Financial assets

Authorised deposit-taking institutions' selected financial assets, $b
	Transactions, Mar-25	Amounts outstanding, Mar-25	Transactions, Jun-25	Amounts outstanding, Jun-25	Transactions, Sep-25	Amounts outstanding, Sep-25
Total assets	-101.8	5,511.2	-164.1	5,611.2	-32.2	5,657.9
Deposits	-26.6	328.8	4.1	332.3	-18.2	313.9
Bonds	15.2	1,094.1	21.4	1,126.5	-4.1	1,118.9
	Securitisers	3.8	534.8	12.7	552.3	-23.1	529.6
	National general government	16.8	126.9	17.6	143.6	8.2	149.0
Loans	31.7	3,479.7	51.1	3,526.9	94.7	3,621.1
Other assets	-122.1	608.5	-240.9	625.6	-104.6	604.0

Liabilities

Authorised deposit-taking institutions' selected liabilities, $b
	Transactions, Mar-25	Amounts outstanding, Mar-25	Transactions, Jun-25	Amounts outstanding, Jun-25	Transactions, Sep-25	Amounts outstanding, Sep-25
Total liabilities		-108.0	5,777.8	-147.8	5,973.5	-17.6	6,047.1
Deposits	11.0	3,493.4	101.0	3,583.2	78.8	3,658.3
	Other private non-fin corps	-5.7	762.0	58.0	815.9	11.9	826.8
	Pension funds	3.5	299.1	4.7	303.4	2.8	306.1
	Households	28.3	1,774.9	6.1	1,780.5	63.4	1,843.8
Bonds	13.0	679.5	1.8	681.0	8.8	683.3
Shares and equities	-2.6	737.4	0.0	832.2	-0.9	841.9
Other liabilities	-129.3	867.5	-250.6	877.1	-104.3	863.7

Total financial assets of ADIs increased $46.7b, with a:

$94.2b increase in loans

This was partly offset by a:

$18.4b decrease in deposits,
$7.5b decrease in bonds

Growth in ADI lending activity continued to be driven by loans to households and businesses. ADIs decreased their deposits with the rest of the world as well as their exchange settlement account balances with the Reserve Bank of Australia (RBA). ADIs also reduced their holdings of bonds, particularly those issued by securitisers.

Change in authorised deposit taking institutions' assets
	Total assets ($b)	Deposits ($b)	Short-term debt ($b)	Bonds ($b)	Derivatives ($b)	Loans ($b)	Equities ($b)	Other accounts ($b)
Sep-12	35.8	2.5	-1.1	43.3	3.4	-25.1	10.5	2.3
Dec-12	15.2	-6.4	-1.0	8.8	-19.0	26.3	6.4	-2.7
Mar-13	28.8	1.4	-7.9	9.6	-12.4	26.5	11.9	1.3
Jun-13	78.4	-4.2	-9.6	32.0	36.3	24.1	-1.1	2.1
Sep-13	18.2	-0.6	-0.7	21.2	-35.0	25.5	10.2	-2.8
Dec-13	89.2	17.4	-7.5	-4.3	31.5	36.3	8.2	5.1
Mar-14	20.3	-0.2	-8.5	25.5	-22.2	26.4	0.6	0.8
Jun-14	63.7	2.1	1.9	15.6	-3.5	45.7	0.2	1.8
Sep-14	94.4	3.3	-0.3	40.3	44.5	12.3	-5.5	0.1
Dec-14	114.1	-5.4	2.6	48.0	47.6	14.0	6.7	-1.6
Mar-15	145.1	-1.2	-3.5	32.3	34.4	59.8	19.6	4.1
Jun-15	-3.0	-4.0	-5.9	-3.6	-52.3	71.7	-8.3	1.1
Sep-15	138.6	5.2	0.6	23.8	72.0	46.9	-11.9	1.6
Dec-15	-14.7	4.6	-6.1	13.2	-64.2	26.0	11.8	-1.6
Mar-16	46.7	1.3	-1.4	5.6	40.8	13.5	-14.9	2.7
Jun-16	79.7	-0.3	-8.6	26.8	25.8	36.3	-1.6	2.4
Sep-16	5.7	-2.0	-4.7	12.2	-36.8	31.2	5.8	-0.7
Dec-16	64.6	1.4	-1.9	-5.3	0.4	65.0	6.8	-3.7
Mar-17	-26.0	4.0	-5.2	11.4	-49.7	6.7	4.7	3.4
Jun-17	52.9	0.8	-5.8	-39.2	11.5	91.4	-9.7	4.5
Sep-17	-21.5	-2.8	-2.0	-18.7	-18.3	19.8	2.6	-2.3
Dec-17	21.4	-1.9	-4.5	12.1	12.0	2.9	5.4	-5.8
Mar-18	80.5	15.6	-0.3	2.6	18.8	50.6	-10.2	4.3
Jun-18	33.7	-0.9	-3.7	-8.5	15.1	29.3	4.7	-1.0
Sep-18	3.3	3.5	-6.4	3.3	-17.4	19.4	0.2	0.1
Dec-18	53.5	0.1	0.9	2.9	28.7	28.4	-10.5	1.1
Mar-19	34.8	1.6	-2.3	16.2	7.6	-0.9	8.2	4.7
Jun-19	67.6	1.7	-2.8	22.6	56.3	-12.3	2.4	-0.3
Sep-19	113.0	5.0	-1.8	17.8	55.5	28.6	9.2	-0.8
Dec-19	-38.3	3.7	4.3	-19.0	-52.7	21.2	5.0	-1.9
Mar-20	478.2	79.7	7.0	215.9	251.9	-54.7	-42.1	19.3
Jun-20	-190.9	-28.7	5.9	132.7	-115.6	-158.0	-21.8	-3.1
Sep-20	-63.7	-21.7	-11.4	-36.5	-40.3	29.3	-3.4	20.2
Dec-20	27.8	48.8	-7.2	-80.1	23.4	31.5	16.9	-6.6
Mar-21	7.4	97.0	-3.2	-88.6	-83.6	41.9	37.4	7.3
Jun-21	38.4	132.9	-0.2	-130.4	-25.4	31.3	12.6	18.6
Sep-21	127.1	48.2	-1.7	19.5	-9.9	64.6	6.1	0.5
Dec-21	112.0	33.6	7.1	4.4	-2.8	82.1	3.4	-16.7
Mar-22	168.1	26.6	5.6	63.9	81.1	-17.8	3.1	5.9
Jun-22	317.8	-12.0	12.2	39.6	172.2	115.2	-8.6	-1.0
Sep-22	239.5	24.3	3.5	0.5	151.5	82.0	-17.4	-4.5
Dec-22	-50.9	-0.3	3.2	5.3	-105.1	38.0	10.0	-2.7
Mar-23	-78.3	-12.5	-2.2	-9.0	-107.8	53.7	-5.0	4.2
Jun-23	94.3	-28.5	-9.5	22.4	76.3	32.1	5.7	-4.0
Sep-23	116.2	-53.0	7.8	95.4	47.8	32.7	-4.6	-8.7
Dec-23	-54.1	-6.2	14.1	-10.5	-123.0	60.4	15.5	-5.6
Mar-24	-75.4	-20.0	-4.8	36.2	-133.5	29.1	22.3	-5.6
Jun-24	32.6	-103.3	-14.2	146.9	-60.2	79.4	3.3	-19.0
Sep-24	83.0	11.3	3.0	-19.1	-5.4	82.5	15.4	-3.7
Dec-24	253.8	17.8	1.7	-3.0	109.4	121.7	5.1	0.2
Mar-25	-99.5	-26.5	7.8	23.3	-127.2	31.4	-10.4	2.2
Jun-25	100.0	3.4	-14.0	32.3	5.4	47.2	22.5	3.0
Sep-25	46.7	-18.4	-6.3	-7.5	-16.6	94.2	-5.4	6.8

Change in authorised deposit taking institutions' assets

["","Total assets","Deposits","Short-term debt","Bonds","Derivatives","Loans","Equities","Other accounts"]

[["Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21","Sep-21","Dec-21","Mar-22","Jun-22","Sep-22","Dec-22","Mar-23","Jun-23","Sep-23","Dec-23","Mar-24","Jun-24","Sep-24","Dec-24","Mar-25","Jun-25","Sep-25"],[[35.8],[15.2],[28.8],[78.4],[18.2],[89.2],[20.3],[63.7],[94.4],[114.1],[145.1],[-3],[138.6],[-14.7],[46.7],[79.7],[5.7],[64.6],[-26],[52.9],[-21.5],[21.4],[80.5],[33.7],[3.3],[53.5],[34.8],[67.6],[113],[-38.3],[478.2],[-190.9],[-63.7],[27.8],[7.4],[38.4],[127.1],[112],[168.1],[317.8],[239.5],[-50.9],[-78.3],[94.3],[116.2],[-54.1],[-75.4],[32.6],[83],[253.8],[-99.5],[100],[46.7]],[[2.5],[-6.4],[1.4],[-4.2],[-0.6],[17.4],[-0.2],[2.1],[3.3],[-5.4],[-1.2],[-4],[5.2],[4.6],[1.3],[-0.3],[-2],[1.4],[4],[0.8],[-2.8],[-1.9],[15.6],[-0.9],[3.5],[0.1],[1.6],[1.7],[5],[3.7],[79.7],[-28.7],[-21.7],[48.8],[97],[132.9],[48.2],[33.6],[26.6],[-12],[24.3],[-0.3],[-12.5],[-28.5],[-53],[-6.2],[-20],[-103.3],[11.3],[17.8],[-26.5],[3.4],[-18.4]],[[-1.1],[-1],[-7.9],[-9.6],[-0.7],[-7.5],[-8.5],[1.9],[-0.3],[2.6],[-3.5],[-5.9],[0.6],[-6.1],[-1.4],[-8.6],[-4.7],[-1.9],[-5.2],[-5.8],[-2],[-4.5],[-0.3],[-3.7],[-6.4],[0.9],[-2.3],[-2.8],[-1.8],[4.3],[7],[5.9],[-11.4],[-7.2],[-3.2],[-0.2],[-1.7],[7.1],[5.6],[12.2],[3.5],[3.2],[-2.2],[-9.5],[7.8],[14.1],[-4.8],[-14.2],[3],[1.7],[7.8],[-14],[-6.3]],[[43.3],[8.8],[9.6],[32],[21.2],[-4.3],[25.5],[15.6],[40.3],[48],[32.3],[-3.6],[23.8],[13.2],[5.6],[26.8],[12.2],[-5.3],[11.4],[-39.2],[-18.7],[12.1],[2.6],[-8.5],[3.3],[2.9],[16.2],[22.6],[17.8],[-19],[215.9],[132.7],[-36.5],[-80.1],[-88.6],[-130.4],[19.5],[4.4],[63.9],[39.6],[0.5],[5.3],[-9],[22.4],[95.4],[-10.5],[36.2],[146.9],[-19.1],[-3],[23.3],[32.3],[-7.5]],[[3.4],[-19],[-12.4],[36.3],[-35],[31.5],[-22.2],[-3.5],[44.5],[47.6],[34.4],[-52.3],[72],[-64.2],[40.8],[25.8],[-36.8],[0.4],[-49.7],[11.5],[-18.3],[12],[18.8],[15.1],[-17.4],[28.7],[7.6],[56.3],[55.5],[-52.7],[251.9],[-115.6],[-40.3],[23.4],[-83.6],[-25.4],[-9.9],[-2.8],[81.1],[172.2],[151.5],[-105.1],[-107.8],[76.3],[47.8],[-123],[-133.5],[-60.2],[-5.4],[109.4],[-127.2],[5.4],[-16.6]],[[-25.1],[26.3],[26.5],[24.1],[25.5],[36.3],[26.4],[45.7],[12.3],[14],[59.8],[71.7],[46.9],[26],[13.5],[36.3],[31.2],[65],[6.7],[91.4],[19.8],[2.9],[50.6],[29.3],[19.4],[28.4],[-0.9],[-12.3],[28.6],[21.2],[-54.7],[-158],[29.3],[31.5],[41.9],[31.3],[64.6],[82.1],[-17.8],[115.2],[82],[38],[53.7],[32.1],[32.7],[60.4],[29.1],[79.4],[82.5],[121.7],[31.4],[47.2],[94.2]],[[10.5],[6.4],[11.9],[-1.1],[10.2],[8.2],[0.6],[0.2],[-5.5],[6.7],[19.6],[-8.3],[-11.9],[11.8],[-14.9],[-1.6],[5.8],[6.8],[4.7],[-9.7],[2.6],[5.4],[-10.2],[4.7],[0.2],[-10.5],[8.2],[2.4],[9.2],[5],[-42.1],[-21.8],[-3.4],[16.9],[37.4],[12.6],[6.1],[3.4],[3.1],[-8.6],[-17.4],[10],[-5],[5.7],[-4.6],[15.5],[22.3],[3.3],[15.4],[5.1],[-10.4],[22.5],[-5.4]],[[2.3],[-2.7],[1.3],[2.1],[-2.8],[5.1],[0.8],[1.8],[0.1],[-1.6],[4.1],[1.1],[1.6],[-1.6],[2.7],[2.4],[-0.7],[-3.7],[3.4],[4.5],[-2.3],[-5.8],[4.3],[-1],[0.1],[1.1],[4.7],[-0.3],[-0.8],[-1.9],[19.3],[-3.1],[20.2],[-6.6],[7.3],[18.6],[0.5],[-16.7],[5.9],[-1],[-4.5],[-2.7],[4.2],[-4],[-8.7],[-5.6],[-5.6],[-19],[-3.7],[0.2],[2.2],[3],[6.8]]]

[]

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Liabilities of ADIs increased $73.6b, with a:

$75.1b increase in deposits
$9.7b increase in shares and equities

Growth in ADI deposits was primarily driven by households and private non-financial corporations. Continued strong performance of the domestic share market over the quarter led to a rise in equity values of listed ADIs.

Change in authorised deposit taking institutions' liabilities
	Total liabilities ($b)	Deposits ($b)	Short-term debt ($b)	Bonds ($b)	Derivatives ($b)	Loans ($b)	Equities ($b)	Other accounts ($b)
Sep-12	61.9	48.3	-20.5	6.6	-4.8	0.6	30.6	1.2
Dec-12	31.2	32.4	9.3	-16.3	-10.5	-3.4	19.1	0.7
Mar-13	42.9	0.9	6.5	-10	-5.8	0.8	50	0.5
Jun-13	92.7	13.9	30.7	14.6	31.9	1.9	-3.8	3.4
Sep-13	56	51.2	-17.8	6.2	-18.1	0.7	33	0.8
Dec-13	101.7	41.3	1.7	15.2	17.1	5.4	21.6	-0.7
Mar-14	37.2	15.7	13.7	-5	-3.8	0.7	13.4	2.6
Jun-14	59.7	34.9	18	2.8	1.3	1.4	0.7	0.6
Sep-14	72.1	37.4	-5.7	16	37.7	9.8	-22.3	-0.7
Dec-14	146.3	38.5	19.8	18.7	44.1	-7.2	31.4	1.1
Mar-15	177.1	43.2	11	11.4	40.2	1.3	65.7	4.2
Jun-15	-71.8	8.2	9.5	10.4	-55.8	3.2	-49.2	1.8
Sep-15	114	66.9	-2.5	29.7	52.1	7.8	-39.6	-0.4
Dec-15	53.1	23.4	5.7	0.9	-32	6	49.2	-0.1
Mar-16	-8.2	9.6	-18.4	0.2	55.5	1.1	-58.4	2.1
Jun-16	78.5	51.5	0	13.9	14.1	-2	-0.7	1.7
Sep-16	2.3	43.2	-11.1	-12.5	-33.7	-4.4	20.5	0.4
Dec-16	120.2	68.4	13.9	-7.1	-4.5	4.3	48.5	-3.2
Mar-17	-24.4	0.9	1.1	-15.8	-32.9	-3.8	26.8	-0.8
Jun-17	36.2	34.8	17.1	3.5	11.9	5.4	-38.7	2.3
Sep-17	-16.8	-0.2	11.1	0.7	-28	-3.3	2.5	0.5
Dec-17	47.4	34.6	-13.5	6.6	11.5	7.6	4.8	-4.2
Mar-18	36.6	10.2	11.1	26.4	6.6	5.3	-29.3	6.4
Jun-18	55	14.2	3.2	9.1	18.7	-0.2	13.6	-3.6
Sep-18	13.8	32.5	-28.9	14.9	-9.1	5.9	-6	4.6
Dec-18	10.6	2.5	22	4.8	20.6	-1.3	-33.2	-4.8
Mar-19	43.3	7.5	-1.1	-9.4	13.9	14.1	12.5	5.8
Jun-19	127.1	23.6	-24	12.8	58.6	10.4	39.9	5.9
Sep-19	119.4	49	-6.3	6.7	52.7	9.8	12.5	-5.1
Dec-19	-86.1	5.7	21.8	-27.7	-38.3	-0.9	-41.2	-5.7
Mar-20	338.5	190.8	-13.1	36.6	205.9	29.3	-130.8	19.9
Jun-20	-100.5	9.6	-24.8	-38	-70	-15.3	44.3	-6.3
Sep-20	-77.4	68.9	-24.7	-31.4	-54.9	-16.1	-19.8	0.6
Dec-20	93.4	3.7	13.1	-22	35.8	-14.1	85.1	-8.1
Mar-21	7	34.2	19	-29.5	-99.6	16.8	60.3	5.7
Jun-21	59.4	42.1	5.8	3.3	-29.7	8.2	32.1	-2.4
Sep-21	142.6	93.8	20.1	-3.6	-11.9	8.5	25.2	10.4
Dec-21	87.9	60.6	49.2	-4.3	1.3	16.4	-17	-18.2
Mar-22	174.1	58.8	-11.5	-14.1	95.3	13.4	22.2	9.9
Jun-22	206.6	98.6	35	16.5	152.6	-1.6	-96.5	1.9
Sep-22	228.4	64.9	-4.1	5.4	151.8	0.8	12.4	-2.7
Dec-22	8.8	21.1	15.8	20.9	-73.6	-13.5	45.4	-7.3
Mar-23	-82.6	41.6	-10	31.1	-126.7	-11.6	-17.2	10.4
Jun-23	91.1	-5.3	-3.2	13.7	84.4	2.1	2.4	-2.9
Sep-23	113.2	38.3	12.2	14.5	47	-6.8	10.1	-2.2
Dec-23	-16.6	20.3	19.9	24.2	-107.4	-8.4	39.4	-4.6
Mar-24	-33.5	47.6	-6.2	30	-154.8	-8.3	54.8	3.5
Jun-24	40.1	26.5	31.7	17.1	-59	-3.3	20.1	7
Sep-24	103	60.9	-15	23.9	-5.1	2.5	42.2	-6.4
Dec-24	288.1	137.1	16.7	38.6	63.8	15.8	21	-4.8
Mar-25	-119.1	6	-17.1	15.1	-98.5	-3.6	-28.1	7.2
Jun-25	195.8	89.8	-7.7	1.5	27.9	-10.9	94.8	0.3
Sep-25	73.6	75.1	12.5	2.3	-21.5	-8	9.7	3.6

Change in authorised deposit taking institutions' liabilities

["","Total liabilities","Deposits","Short-term debt","Bonds","Derivatives","Loans","Equities","Other accounts"]

[["Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21","Sep-21","Dec-21","Mar-22","Jun-22","Sep-22","Dec-22","Mar-23","Jun-23","Sep-23","Dec-23","Mar-24","Jun-24","Sep-24","Dec-24","Mar-25","Jun-25","Sep-25"],[[61.9],[31.2],[42.9],[92.7],[56],[101.7],[37.2],[59.7],[72.1],[146.3],[177.1],[-71.8],[114],[53.1],[-8.2],[78.5],[2.3],[120.2],[-24.4],[36.2],[-16.8],[47.4],[36.6],[55],[13.8],[10.6],[43.3],[127.1],[119.4],[-86.1],[338.5],[-100.5],[-77.4],[93.4],[7],[59.4],[142.6],[87.9],[174.1],[206.6],[228.4],[8.8],[-82.6],[91.1],[113.2],[-16.6],[-33.5],[40.1],[103],[288.1],[-119.1],[195.8],[73.6]],[[48.3],[32.4],[0.9],[13.9],[51.2],[41.3],[15.7],[34.9],[37.4],[38.5],[43.2],[8.2],[66.9],[23.4],[9.6],[51.5],[43.2],[68.4],[0.9],[34.8],[-0.2],[34.6],[10.2],[14.2],[32.5],[2.5],[7.5],[23.6],[49],[5.7],[190.8],[9.6],[68.9],[3.7],[34.2],[42.1],[93.8],[60.6],[58.8],[98.6],[64.9],[21.1],[41.6],[-5.3],[38.3],[20.3],[47.6],[26.5],[60.9],[137.1],[6],[89.8],[75.1]],[[-20.5],[9.3],[6.5],[30.7],[-17.8],[1.7],[13.7],[18],[-5.7],[19.8],[11],[9.5],[-2.5],[5.7],[-18.4],[0],[-11.1],[13.9],[1.1],[17.1],[11.1],[-13.5],[11.1],[3.2],[-28.9],[22],[-1.1],[-24],[-6.3],[21.8],[-13.1],[-24.8],[-24.7],[13.1],[19],[5.8],[20.1],[49.2],[-11.5],[35],[-4.1],[15.8],[-10],[-3.2],[12.2],[19.9],[-6.2],[31.7],[-15],[16.7],[-17.1],[-7.7],[12.5]],[[6.6],[-16.3],[-10],[14.6],[6.2],[15.2],[-5],[2.8],[16],[18.7],[11.4],[10.4],[29.7],[0.9],[0.2],[13.9],[-12.5],[-7.1],[-15.8],[3.5],[0.7],[6.6],[26.4],[9.1],[14.9],[4.8],[-9.4],[12.8],[6.7],[-27.7],[36.6],[-38],[-31.4],[-22],[-29.5],[3.3],[-3.6],[-4.3],[-14.1],[16.5],[5.4],[20.9],[31.1],[13.7],[14.5],[24.2],[30],[17.1],[23.9],[38.6],[15.1],[1.5],[2.3]],[[-4.8],[-10.5],[-5.8],[31.9],[-18.1],[17.1],[-3.8],[1.3],[37.7],[44.1],[40.2],[-55.8],[52.1],[-32],[55.5],[14.1],[-33.7],[-4.5],[-32.9],[11.9],[-28],[11.5],[6.6],[18.7],[-9.1],[20.6],[13.9],[58.6],[52.7],[-38.3],[205.9],[-70],[-54.9],[35.8],[-99.6],[-29.7],[-11.9],[1.3],[95.3],[152.6],[151.8],[-73.6],[-126.7],[84.4],[47],[-107.4],[-154.8],[-59],[-5.1],[63.8],[-98.5],[27.9],[-21.5]],[[0.6],[-3.4],[0.8],[1.9],[0.7],[5.4],[0.7],[1.4],[9.8],[-7.2],[1.3],[3.2],[7.8],[6],[1.1],[-2],[-4.4],[4.3],[-3.8],[5.4],[-3.3],[7.6],[5.3],[-0.2],[5.9],[-1.3],[14.1],[10.4],[9.8],[-0.9],[29.3],[-15.3],[-16.1],[-14.1],[16.8],[8.2],[8.5],[16.4],[13.4],[-1.6],[0.8],[-13.5],[-11.6],[2.1],[-6.8],[-8.4],[-8.3],[-3.3],[2.5],[15.8],[-3.6],[-10.9],[-8]],[[30.6],[19.1],[50],[-3.8],[33],[21.6],[13.4],[0.7],[-22.3],[31.4],[65.7],[-49.2],[-39.6],[49.2],[-58.4],[-0.7],[20.5],[48.5],[26.8],[-38.7],[2.5],[4.8],[-29.3],[13.6],[-6],[-33.2],[12.5],[39.9],[12.5],[-41.2],[-130.8],[44.3],[-19.8],[85.1],[60.3],[32.1],[25.2],[-17],[22.2],[-96.5],[12.4],[45.4],[-17.2],[2.4],[10.1],[39.4],[54.8],[20.1],[42.2],[21],[-28.1],[94.8],[9.7]],[[1.2],[0.7],[0.5],[3.4],[0.8],[-0.7],[2.6],[0.6],[-0.7],[1.1],[4.2],[1.8],[-0.4],[-0.1],[2.1],[1.7],[0.4],[-3.2],[-0.8],[2.3],[0.5],[-4.2],[6.4],[-3.6],[4.6],[-4.8],[5.8],[5.9],[-5.1],[-5.7],[19.9],[-6.3],[0.6],[-8.1],[5.7],[-2.4],[10.4],[-18.2],[9.9],[1.9],[-2.7],[-7.3],[10.4],[-2.9],[-2.2],[-4.6],[3.5],[7],[-6.4],[-4.8],[7.2],[0.3],[3.6]]]

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Pension (superannuation) funds

Financial assets

Pension (superannuation) funds' selected financial assets, $b
	Transactions, Mar-25	Amounts outstanding, Mar-25	Transactions, Jun-25	Amounts outstanding, Jun-25	Transactions, Sep-25	Amounts outstanding, Sep-25
Total assets	3.5	3,495.2	33.4	3,698.9	25.7	3,854.7
Deposits	0.6	308.8	5.9	314.0	4.5	318.2
Debt securities	2.5	242.8	20.4	263.8	4.7	267.2
Shares and equity	9.7	2,888.7	8.1	3,057.7	25.4	3,208.9
	Other private non-fin corps	3.6	486.3	0.5	517.9	-1.7	549.3
	Non-money market investment funds	8.7	1,064.4	0.2	1,119.2	14.2	1,182.2
	Rest of world	-6.7	744.1	1.7	773.4	8.8	817.7
Net equity in life offices	-1.4	11.9	-1.2	11.2	-0.5	11.0
Other assets	-7.9	43.1	0.2	52.2	-8.3	49.4

Liabilities

Pension (superannuation) funds' selected liabilities, $b
	Transactions, Mar-25	Amounts outstanding, Mar-25	Transactions, Jun-25	Amounts outstanding, Jun-25	Transactions, Sep-25	Amounts outstanding, Sep-25
Total liabilities	2.8	3,772.3	34.6	3,978.7	22.6	4,137.9
Net equity in reserves	25.0	3,710.2	42.0	3,918.8	26.0	4,082.1
	Households	24.8	3,701.5	41.7	3,909.2	25.7	4,071.5
Other liabilities	-22.2	62.0	-7.4	59.9	-3.4	55.9

Total financial assets of pension (superannuation funds) increased by 4.2% ($155.8b), with a:

$151.1b increase in shares and equity
$4.2b increase in deposits
$3.3b increase in bonds

Strength in shares and equity was driven by revaluations reflecting growth in domestic and international share markets. Pension funds also used households' contributions to superannuation to acquire $14.2b of equity issued by non-money market investment funds and $8.8b of equity issued by non-residents.

Pension funds' financial assets
	Total assets (RHS) ($b)	Revaluations (LHS) ($b)	Transactions (LHS) ($b)
Sep-12	1,247.2	30.7	14.1
Dec-12	1,298.2	34.2	16.7
Mar-13	1,361.1	43.8	19.1
Jun-13	1,378.8	-20.6	38.2
Sep-13	1,454.8	62.5	13.5
Dec-13	1,508.7	28.7	25.2
Mar-14	1,544.3	14.8	20.8
Jun-14	1,575.8	-0.5	32.0
Sep-14	1,611.6	11.8	24.1
Dec-14	1,665.8	32.3	21.9
Mar-15	1,762.5	79.9	16.8
Jun-15	1,745	-52.3	34.8
Sep-15	1,719	-45.6	19.6
Dec-15	1,775.1	39.5	16.5
Mar-16	1,748.7	-33.8	7.5
Jun-16	1,821.6	42.7	30.2
Sep-16	1,895.5	61.4	12.5
Dec-16	1,947.7	33.0	19.3
Mar-17	2,001.8	35.0	19.1
Jun-17	2,050.6	9.3	39.5
Sep-17	2,064.4	2.9	10.8
Dec-17	2,158.1	73.0	20.8
Mar-18	2,143.7	-29.5	15.1
Jun-18	2,217.9	50.4	23.8
Sep-18	2,263.3	32.4	13.0
Dec-18	2,150.2	-127.5	14.5
Mar-19	2,281.1	116.2	14.7
Jun-19	2,382.9	74.7	27.1
Sep-19	2,441.6	46.7	12.0
Dec-19	2,494.9	30.0	23.3
Mar-20	2,239.1	-269.7	13.9
Jun-20	2,376.3	130.3	7.0
Sep-20	2,409.4	26.9	6.2
Dec-20	2,568.1	142.5	16.2
Mar-21	2,636.8	49.1	19.6
Jun-21	2,793.2	123.9	32.4
Sep-21	2,851.3	41.4	16.7
Dec-21	2,935.4	65.1	18.9
Mar-22	2,880.5	-72.3	17.4
Jun-22	2,709.9	-201.0	30.5
Sep-22	2,719.4	-11.8	21.3
Dec-22	2,818.7	87.2	12.1
Mar-23	2,932	86.7	26.6
Jun-23	3,001.4	39.5	29.9
Sep-23	3,009	-13.9	21.5
Dec-23	3,148	126.0	13.0
Mar-24	3,291.8	123.3	20.4
Jun-24	3,307.3	-14.9	30.3
Sep-24	3,451.8	127.3	17.2
Dec-24	3,540.9	75.8	13.4
Mar-25	3,495.2	-49.2	3.5
Jun-25	3,698.9	170.3	33.4
Sep-25	3,854.7	130.1	25.7

Pension funds' financial assets

["","Total assets (RHS)","Revaluations (LHS)","Transactions (LHS)"]

[["Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21","Sep-21","Dec-21","Mar-22","Jun-22","Sep-22","Dec-22","Mar-23","Jun-23","Sep-23","Dec-23","Mar-24","Jun-24","Sep-24","Dec-24","Mar-25","Jun-25","Sep-25"],[[1247.2],[1298.2],[1361.1],[1378.8],[1454.8],[1508.7],[1544.3],[1575.8],[1611.6],[1665.8],[1762.5],[1745],[1719],[1775.1],[1748.7],[1821.6],[1895.5],[1947.7],[2001.8],[2050.6],[2064.4],[2158.1],[2143.7],[2217.9],[2263.3],[2150.2],[2281.1],[2382.9],[2441.6],[2494.9],[2239.1],[2376.3],[2409.4],[2568.1],[2636.8],[2793.2],[2851.3],[2935.4],[2880.5],[2709.9],[2719.4],[2818.7],[2932],[3001.4],[3009],[3148],[3291.8],[3307.3],[3451.8],[3540.9],[3495.2],[3698.9],[3854.7]],[[30.7],[34.2],[43.8],[-20.6],[62.5],[28.7],[14.8],[-0.5],[11.8],[32.3],[79.9],[-52.3],[-45.6],[39.5],[-33.8],[42.7],[61.4],[33],[35],[9.3],[2.9],[73],[-29.5],[50.4],[32.4],[-127.5],[116.2],[74.7],[46.7],[30],[-269.7],[130.3],[26.9],[142.5],[49.1],[123.9],[41.4],[65.1],[-72.3],[-201],[-11.8],[87.2],[86.7],[39.5],[-13.9],[126],[123.3],[-14.9],[127.3],[75.8],[-49.2],[170.3],[130.1]],[[14.1],[16.7],[19.1],[38.2],[13.5],[25.2],[20.8],[32],[24.1],[21.9],[16.8],[34.8],[19.6],[16.5],[7.5],[30.2],[12.5],[19.3],[19.1],[39.5],[10.8],[20.8],[15.1],[23.8],[13],[14.5],[14.7],[27.1],[12],[23.3],[13.9],[7],[6.2],[16.2],[19.6],[32.4],[16.7],[18.9],[17.4],[30.5],[21.3],[12.1],[26.6],[29.9],[21.5],[13],[20.4],[30.3],[17.2],[13.4],[3.5],[33.4],[25.7]]]

[]

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Government

National general government financial assets

National general government selected financial assets, $b
	Transactions, Mar-25	Amounts outstanding, Mar-25	Transactions, Jun-25	Amounts outstanding, Jun-25	Transactions, Sep-25	Amounts outstanding, Sep-25
Total assets	31.8	807.3	-31.0	787.8	5.3	798.6
Deposits	39.7	153.1	-19.4	132.9	2.4	135.0
	Central bank	34.9	112.1	-23.9	88.2	4.4	92.6
	Authorised deposit taking institutions	3.2	28.9	3.7	32.2	-0.6	31.5
One name paper	-5.5	19.7	5.3	24.7	2.5	26.9
Shares and equity	7.6	240.4	-1.2	247.7	2.8	257.3
Other assets	-10.1	394.1	-15.6	382.5	-2.4	379.3

National general government liabilities

National general government selected liabilities, $b
	Transactions, Mar-25	Amounts outstanding, Mar-25	Transactions, Jun-25	Amounts outstanding, Jun-25	Transactions, Sep-25	Amounts outstanding, Sep-25
Total liabilities	43.7	1,423.1	-19.5	1,423.9	42.1	1,458.6
One name paper	12.2	42.0	-9.2	32.8	-6.2	26.6
Bonds	19.8	876.5	-15.2	866.1	45.2	901.1
	Central bank	-4.0	229.4	-17.2	210.8	5.3	212.2
	Authorised deposit taking institutions	16.8	126.9	17.6	143.6	8.2	149.0
	Rest of world	10.9	410.9	-14.1	405.2	31.2	435.2
Other liabilities	11.7	504.5	4.9	525.0	3.1	530.9

State and local general government financial assets

State and local general government selected financial assets, $b
	Transactions, Mar-25	Amounts outstanding, Mar-25	Transactions, Jun-25	Amounts outstanding, Jun-25	Transactions, Sep-25	Amounts outstanding, Sep-25
Total assets	0.2	730.2	-2.0	730.9	8.9	745.9
Deposits	-1.5	89.0	-3.0	86.0	7.5	93.4
Loans and placements	1.6	74.7	3.6	78.2	1.1	79.4
Shares and equity	0.9	532.3	-2.3	532.5	-1.9	536.7
	State and local PNFCs	0.0	412.9	0.0	421.3	0.0	423.1
	Other private non-fin corps	0.2	41.5	-0.4	41.8	-0.5	41.9
Other assets	-0.9	34.3	-0.2	34.2	2.2	36.4

State and local general government liabilities

State and local general government selected liabilities, $b
	Transactions, Mar-25	Amounts outstanding, Mar-25	Transactions, Jun-25	Amounts outstanding, Jun-25	Transactions, Sep-25	Amounts outstanding, Sep-25
Total liabilities	7.7	672.4	12.2	684.4	26.5	707.9
Loans and placements	6.5	466.2	9.4	475.6	23.3	498.9
	Central borrowing authorities	6.4	446.8	9.1	455.9	23.9	479.8
Unfunded superannuation claims	0.6	106.1	0.6	106.3	0.6	103.9
Other liabilities	0.6	100.1	2.2	102.6	2.6	105.1

General government

General government (national, and state) were net borrowers of $54.4b. This was driven by a:

$45.6b net issuance of bond liabilities
$31.7b net borrowing of loans

Partly offset by:

$9.8b placed in deposits
$8.7b net maturity of one name paper liabilities

National general government were net borrowers of $36.8b. This was driven by a:

$44.8b net issuance of bond liabilities

Partly offset by:

$8.7b net maturity of one name paper liabilities

The September quarter saw the highest demand for credit by the Commonwealth government since the September quarter 2020. This was mainly driven by the issuance of new debt securities, and follows a large repayment of debt last quarter.

State and local general government were net borrowers of $17.7b. The state and local general government's net borrowing position was mainly driven by:

$22.2b net borrowing of loans

Partly offset by:

$7.5b placed in deposits

Loan liabilities of state and local general government reached record levels of $498.9b as state governments continued to source funding for operating expenses, social benefits to households, and health and transport infrastructure projects.

General government's change in financial position
	Net lending/borrowing ($b)	Deposits ($b)	Notes ($b)	Bonds ($b)	Loans ($b)	Other ($b)
Sep-12	-24.3	9.3	-3.5	-15.2	-15.5	0.5
Dec-12	-12.4	2.9	-5.3	-10.8	6.3	-5.5
Mar-13	-15.5	0.5	1.8	-13.3	-2.1	-2.4
Jun-13	-14.0	1.0	14.3	-8.7	0.6	-21.2
Sep-13	-20.2	6.0	-1.5	-24.7	-11.3	11.4
Dec-13	-10.9	5.6	-0.4	-16.4	-0.3	0.7
Mar-14	-11.0	13.5	8.6	-27.8	-2.5	-2.8
Jun-14	-10.2	-8.4	-3.3	-4.6	1.0	5.1
Sep-14	-18.4	6.5	-1.7	-18.4	-4.5	-0.3
Dec-14	-10.0	0.4	-1.1	-10.8	3.3	-1.8
Mar-15	-3.6	12.2	3.5	-16.0	0.4	-3.8
Jun-15	-8.4	-5.1	-0.2	-7.3	2.1	2.2
Sep-15	-15.0	1.9	-1.9	-26.3	-1.3	12.6
Dec-15	-7.2	-7.0	5.8	-7.6	6.8	-5.2
Mar-16	-8.8	9.3	1.7	-22.1	1.5	0.8
Jun-16	-6.0	1.1	0.5	-4.8	-0.4	-2.3
Sep-16	-22.1	-3.1	3.7	-24.0	-0.7	1.9
Dec-16	-24.1	11.5	0.8	-23.7	4.6	-17.3
Mar-17	2.2	7.9	0.5	-20.7	2.2	12.3
Jun-17	-12.8	15.7	6.9	-19.8	-0.5	-15.2
Sep-17	-18.7	-24.2	0.5	-0.9	-4.0	9.8
Dec-17	-2.6	8.6	-5.6	-14.7	1.7	7.4
Mar-18	-0.9	-1.0	-2.2	-5.1	1.6	5.8
Jun-18	-0.2	5.0	6.2	-11.3	6.2	-6.3
Sep-18	-18.5	-3.3	-0.3	-2.4	-1.8	-10.7
Dec-18	-9.2	-18.2	2.0	-2.3	-3.1	12.4
Mar-19	-0.3	-1.4	1.6	3.7	0.4	-4.7
Jun-19	-9.2	6.6	0.1	-10.5	-2.5	-3.0
Sep-19	-22.9	0.3	-1.3	-13.7	-8.6	0.3
Dec-19	-14.2	-7.7	-4.0	1.0	-6.3	2.8
Mar-20	-14.3	21.1	-16.3	-15.7	-12.7	9.3
Jun-20	-89.0	46.9	-25.8	-71.0	-26.0	-13.1
Sep-20	-110.8	42.4	0.1	-117.2	-30.5	-5.6
Dec-20	-44.9	-32.3	16.5	-23.0	-21.7	15.7
Mar-21	-14.6	-15.0	14.0	-21.9	-0.5	8.8
Jun-21	-9.8	1.1	4.6	-5.7	1.1	-11.0
Sep-21	-44.9	9.6	0.0	-23.9	-25.5	-5.1
Dec-21	-30.1	8.8	-5.2	-8.4	-6.3	-19.0
Mar-22	-5.4	3.1	3.5	-18.4	0.3	6.2
Jun-22	-10.6	34.3	-8.6	-26.0	-8.1	-2.2
Sep-22	-34.5	-6.6	1.3	4.6	-24.0	-9.8
Dec-22	-12.5	-14.2	-0.5	-1.5	-2.5	6.1
Mar-23	10.3	18.6	-4.9	-11.4	-1.3	9.4
Jun-23	3.4	11.5	10.0	14.9	-4.0	-29.0
Sep-23	-28.9	-10.9	-5.8	-7.2	-14.4	9.4
Dec-23	-26.9	-8.0	4.8	-15.4	-12.3	4.0
Mar-24	-7.3	11.0	-3.2	-4.2	-9.8	-1.0
Jun-24	-15.2	3.7	-3.7	19.4	-13.3	-21.2
Sep-24	-41.8	11.9	0.6	-27.6	-22.6	-4.0
Dec-24	-42.0	-38.1	-8.1	24.0	-19.1	-0.8
Mar-25	-19.4	38.3	-17.7	-21.1	-3.0	-16.0
Jun-25	-25.6	-22.4	14.3	14.5	-5.8	-26.3
Sep-25	-54.4	9.8	8.7	-45.6	-31.7	4.4

General government's change in financial position

["","Net lending\/borrowing","Deposits","Notes","Bonds","Loans","Other"]

[["Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21","Sep-21","Dec-21","Mar-22","Jun-22","Sep-22","Dec-22","Mar-23","Jun-23","Sep-23","Dec-23","Mar-24","Jun-24","Sep-24","Dec-24","Mar-25","Jun-25","Sep-25"],[[-24.3],[-12.4],[-15.5],[-14],[-20.2],[-10.9],[-11],[-10.2],[-18.4],[-10],[-3.6],[-8.4],[-15],[-7.2],[-8.8],[-6],[-22.1],[-24.1],[2.2],[-12.8],[-18.7],[-2.6],[-0.9],[-0.2],[-18.5],[-9.2],[-0.3],[-9.2],[-22.9],[-14.2],[-14.3],[-89],[-110.8],[-44.9],[-14.6],[-9.8],[-44.9],[-30.1],[-5.4],[-10.6],[-34.5],[-12.5],[10.3],[3.4],[-28.9],[-26.9],[-7.3],[-15.2],[-41.8],[-42],[-19.4],[-25.6],[-54.4]],[[9.3],[2.9],[0.5],[1],[6],[5.6],[13.5],[-8.4],[6.5],[0.4],[12.2],[-5.1],[1.9],[-7],[9.3],[1.1],[-3.1],[11.5],[7.9],[15.7],[-24.2],[8.6],[-1],[5],[-3.3],[-18.2],[-1.4],[6.6],[0.3],[-7.7],[21.1],[46.9],[42.4],[-32.3],[-15],[1.1],[9.6],[8.8],[3.1],[34.3],[-6.6],[-14.2],[18.6],[11.5],[-10.9],[-8],[11],[3.7],[11.9],[-38.1],[38.3],[-22.4],[9.8]],[[-3.5],[-5.3],[1.8],[14.3],[-1.5],[-0.4],[8.6],[-3.3],[-1.7],[-1.1],[3.5],[-0.2],[-1.9],[5.8],[1.7],[0.5],[3.7],[0.8],[0.5],[6.9],[0.5],[-5.6],[-2.2],[6.2],[-0.3],[2],[1.6],[0.1],[-1.3],[-4],[-16.3],[-25.8],[0.1],[16.5],[14],[4.6],[0],[-5.2],[3.5],[-8.6],[1.3],[-0.5],[-4.9],[10],[-5.8],[4.8],[-3.2],[-3.7],[0.6],[-8.1],[-17.7],[14.3],[8.7]],[[-15.2],[-10.8],[-13.3],[-8.7],[-24.7],[-16.4],[-27.8],[-4.6],[-18.4],[-10.8],[-16],[-7.3],[-26.3],[-7.6],[-22.1],[-4.8],[-24],[-23.7],[-20.7],[-19.8],[-0.9],[-14.7],[-5.1],[-11.3],[-2.4],[-2.3],[3.7],[-10.5],[-13.7],[1],[-15.7],[-71],[-117.2],[-23],[-21.9],[-5.7],[-23.9],[-8.4],[-18.4],[-26],[4.6],[-1.5],[-11.4],[14.9],[-7.2],[-15.4],[-4.2],[19.4],[-27.6],[24],[-21.1],[14.5],[-45.6]],[[-15.5],[6.3],[-2.1],[0.6],[-11.3],[-0.3],[-2.5],[1],[-4.5],[3.3],[0.4],[2.1],[-1.3],[6.8],[1.5],[-0.4],[-0.7],[4.6],[2.2],[-0.5],[-4],[1.7],[1.6],[6.2],[-1.8],[-3.1],[0.4],[-2.5],[-8.6],[-6.3],[-12.7],[-26],[-30.5],[-21.7],[-0.5],[1.1],[-25.5],[-6.3],[0.3],[-8.1],[-24],[-2.5],[-1.3],[-4],[-14.4],[-12.3],[-9.8],[-13.3],[-22.6],[-19.1],[-3],[-5.8],[-31.7]],[[0.5],[-5.5],[-2.4],[-21.2],[11.4],[0.7],[-2.8],[5.1],[-0.3],[-1.8],[-3.8],[2.2],[12.6],[-5.2],[0.8],[-2.3],[1.9],[-17.3],[12.3],[-15.2],[9.8],[7.4],[5.8],[-6.3],[-10.7],[12.4],[-4.7],[-3],[0.3],[2.8],[9.3],[-13.1],[-5.6],[15.7],[8.8],[-11],[-5.1],[-19],[6.2],[-2.2],[-9.8],[6.1],[9.4],[-29],[9.4],[4],[-1],[-21.2],[-4],[-0.8],[-16],[-26.3],[4.4]]]

[]

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"Other" includes gold and special drawing rights, currency, bills of exchange, derivatives, shares and equity, unfunded superannuation and accounts payable/receivable.

Capital investment

Figures in the capital investment section are in seasonally adjusted current prices.

Net lending (+) / borrowing (-)

Australia's net borrowing position rose by $0.9b to $16.8b this quarter.

This was driven by a:

$5.9b increase in gross fixed capital formation
$0.4b increase in acquisitions less disposals of non-produced non-financial assets

and was partly offset by a:

$1.3b increase in net savings
$0.5b decrease in change in inventories

National net lending (+) / borrowing (-), relative to GDP, seasonally adjusted
	Net lending / net borrowing relative to GDP (%)
Jun-68	-3.2
Sep-68	-3.7
Dec-68	-2.4
Mar-69	-2.4
Jun-69	-2.3
Sep-69	-1.4
Dec-69	-1.7
Mar-70	-1.4
Jun-70	-1.9
Sep-70	-1.5
Dec-70	-1.7
Mar-71	-2.1
Jun-71	-1.1
Sep-71	-0.9
Dec-71	-1.4
Mar-72	-0.2
Jun-72	1.1
Sep-72	1.6
Dec-72	2.2
Mar-73	2.0
Jun-73	1.6
Sep-73	0.3
Dec-73	0.4
Mar-74	-1.9
Jun-74	-3.5
Sep-74	-3.1
Dec-74	-2.5
Mar-75	-0.4
Jun-75	0.1
Sep-75	-1.1
Dec-75	-1.9
Mar-76	-1.8
Jun-76	-1.1
Sep-76	-1.2
Dec-76	-1.8
Mar-77	-3.0
Jun-77	-2.9
Sep-77	-3.1
Dec-77	-1.2
Mar-78	-3.0
Jun-78	-3.1
Sep-78	-3.7
Dec-78	-3.6
Mar-79	-2.0
Jun-79	-2.0
Sep-79	-1.8
Dec-79	-0.8
Mar-80	-1.0
Jun-80	-1.8
Sep-80	-3.8
Dec-80	-3.3
Mar-81	-3.0
Jun-81	-4.2
Sep-81	-4.2
Dec-81	-5.4
Mar-82	-5.5
Jun-82	-4.8
Sep-82	-3.5
Dec-82	-3.4
Mar-83	-3.6
Jun-83	-3.0
Sep-83	-3.7
Dec-83	-2.8
Mar-84	-4.0
Jun-84	-3.5
Sep-84	-4.4
Dec-84	-5.2
Mar-85	-4.1
Jun-85	-4.5
Sep-85	-5.6
Dec-85	-5.7
Mar-86	-6.0
Jun-86	-5.6
Sep-86	-4.8
Dec-86	-4.4
Mar-87	-4.1
Jun-87	-3.2
Sep-87	-3.3
Dec-87	-3.3
Mar-88	-3.1
Jun-88	-2.9
Sep-88	-4.0
Dec-88	-4.8
Mar-89	-5.7
Jun-89	-6.0
Sep-89	-6.4
Dec-89	-6.2
Mar-90	-6.2
Jun-90	-4.4
Sep-90	-4.1
Dec-90	-4.9
Mar-91	-3.9
Jun-91	-3.3
Sep-91	-3.2
Dec-91	-3.0
Mar-92	-3.0
Jun-92	-3.3
Sep-92	-3.8
Dec-92	-3.2
Mar-93	-2.9
Jun-93	-3.2
Sep-93	-3.3
Dec-93	-3.0
Mar-94	-2.8
Jun-94	-4.4
Sep-94	-5.6
Dec-94	-5.3
Mar-95	-5.9
Jun-95	-5.1
Sep-95	-4.4
Dec-95	-4.8
Mar-96	-4.1
Jun-96	-2.8
Sep-96	-3.9
Dec-96	-3.5
Mar-97	-3.0
Jun-97	-2.0
Sep-97	-3.2
Dec-97	-3.7
Mar-98	-5.0
Jun-98	-4.2
Sep-98	-5.6
Dec-98	-5.0
Mar-99	-5.7
Jun-99	-6.0
Sep-99	-5.7
Dec-99	-4.8
Mar-00	-5.0
Jun-00	-5.0
Sep-00	-3.2
Dec-00	-3.3
Mar-01	-2.6
Jun-01	-2.2
Sep-01	-1.7
Dec-01	-2.8
Mar-02	-2.6
Jun-02	-3.6
Sep-02	-4.0
Dec-02	-5.1
Mar-03	-5.0
Jun-03	-5.6
Sep-03	-5.4
Dec-03	-5.4
Mar-04	-5.8
Jun-04	-5.5
Sep-04	-6.6
Dec-04	-7.3
Mar-05	-6.5
Jun-05	-5.7
Sep-05	-6.0
Dec-05	-5.7
Mar-06	-5.6
Jun-06	-6.3
Sep-06	-5.7
Dec-06	-5.9
Mar-07	-6.2
Jun-07	-6.6
Sep-07	-6.8
Dec-07	-7.3
Mar-08	-6.8
Jun-08	-5.8
Sep-08	-4.0
Dec-08	-3.0
Mar-09	-1.5
Jun-09	-5.0
Sep-09	-5.3
Dec-09	-6.4
Mar-10	-5.5
Jun-10	-2.9
Sep-10	-3.0
Dec-10	-3.5
Mar-11	-3.4
Jun-11	-3.1
Sep-11	-2.7
Dec-11	-2.9
Mar-12	-4.7
Jun-12	-3.7
Sep-12	-4.3
Dec-12	-4.8
Mar-13	-3.5
Jun-13	-3.6
Sep-13	-3.7
Dec-13	-2.8
Mar-14	-2.7
Jun-14	-3.2
Sep-14	-3.4
Dec-14	-3.1
Mar-15	-3.4
Jun-15	-5.2
Sep-15	-5.0
Dec-15	-5.4
Mar-16	-4.5
Jun-16	-4.5
Sep-16	-3.6
Dec-16	-1.6
Mar-17	-2.3
Jun-17	-2.7
Sep-17	-2.8
Dec-17	-3.6
Mar-18	-3.1
Jun-18	-3.2
Sep-18	-2.4
Dec-18	-1.9
Mar-19	-1.4
Jun-19	0.0
Sep-19	0.9
Dec-19	-0.3
Mar-20	0.5
Jun-20	2.5
Sep-20	1.2
Dec-20	2.0
Mar-21	2.7
Jun-21	3.0
Sep-21	3.3
Dec-21	0.1
Mar-22	-0.2
Jun-22	1.6
Sep-22	-0.7
Dec-22	0.5
Mar-23	0.2
Jun-23	-0.3
Sep-23	-1.3
Dec-23	-0.4
Mar-24	-1.5
Jun-24	-2.4
Sep-24	-2.3
Dec-24	-2.5
Mar-25	-2.3
Jun-25	-2.3
Sep-25	-2.3

National net lending (+) / borrowing (-), relative to GDP, seasonally adjusted

["","Net lending \/ net borrowing relative to GDP"]

[["Jun-68","Sep-68","Dec-68","Mar-69","Jun-69","Sep-69","Dec-69","Mar-70","Jun-70","Sep-70","Dec-70","Mar-71","Jun-71","Sep-71","Dec-71","Mar-72","Jun-72","Sep-72","Dec-72","Mar-73","Jun-73","Sep-73","Dec-73","Mar-74","Jun-74","Sep-74","Dec-74","Mar-75","Jun-75","Sep-75","Dec-75","Mar-76","Jun-76","Sep-76","Dec-76","Mar-77","Jun-77","Sep-77","Dec-77","Mar-78","Jun-78","Sep-78","Dec-78","Mar-79","Jun-79","Sep-79","Dec-79","Mar-80","Jun-80","Sep-80","Dec-80","Mar-81","Jun-81","Sep-81","Dec-81","Mar-82","Jun-82","Sep-82","Dec-82","Mar-83","Jun-83","Sep-83","Dec-83","Mar-84","Jun-84","Sep-84","Dec-84","Mar-85","Jun-85","Sep-85","Dec-85","Mar-86","Jun-86","Sep-86","Dec-86","Mar-87","Jun-87","Sep-87","Dec-87","Mar-88","Jun-88","Sep-88","Dec-88","Mar-89","Jun-89","Sep-89","Dec-89","Mar-90","Jun-90","Sep-90","Dec-90","Mar-91","Jun-91","Sep-91","Dec-91","Mar-92","Jun-92","Sep-92","Dec-92","Mar-93","Jun-93","Sep-93","Dec-93","Mar-94","Jun-94","Sep-94","Dec-94","Mar-95","Jun-95","Sep-95","Dec-95","Mar-96","Jun-96","Sep-96","Dec-96","Mar-97","Jun-97","Sep-97","Dec-97","Mar-98","Jun-98","Sep-98","Dec-98","Mar-99","Jun-99","Sep-99","Dec-99","Mar-00","Jun-00","Sep-00","Dec-00","Mar-01","Jun-01","Sep-01","Dec-01","Mar-02","Jun-02","Sep-02","Dec-02","Mar-03","Jun-03","Sep-03","Dec-03","Mar-04","Jun-04","Sep-04","Dec-04","Mar-05","Jun-05","Sep-05","Dec-05","Mar-06","Jun-06","Sep-06","Dec-06","Mar-07","Jun-07","Sep-07","Dec-07","Mar-08","Jun-08","Sep-08","Dec-08","Mar-09","Jun-09","Sep-09","Dec-09","Mar-10","Jun-10","Sep-10","Dec-10","Mar-11","Jun-11","Sep-11","Dec-11","Mar-12","Jun-12","Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21","Sep-21","Dec-21","Mar-22","Jun-22","Sep-22","Dec-22","Mar-23","Jun-23","Sep-23","Dec-23","Mar-24","Jun-24","Sep-24","Dec-24","Mar-25","Jun-25","Sep-25"],[[-3.2],[-3.7],[-2.4],[-2.4],[-2.3],[-1.4],[-1.7],[-1.4],[-1.9],[-1.5],[-1.7],[-2.1],[-1.1],[-0.9],[-1.4],[-0.2],[1.1],[1.6],[2.2],[2],[1.6],[0.3],[0.4],[-1.9],[-3.5],[-3.1],[-2.5],[-0.4],[0.1],[-1.1],[-1.9],[-1.8],[-1.1],[-1.2],[-1.8],[-3],[-2.9],[-3.1],[-1.2],[-3],[-3.1],[-3.7],[-3.6],[-2],[-2],[-1.8],[-0.8],[-1],[-1.8],[-3.8],[-3.3],[-3],[-4.2],[-4.2],[-5.4],[-5.5],[-4.8],[-3.5],[-3.4],[-3.6],[-3],[-3.7],[-2.8],[-4],[-3.5],[-4.4],[-5.2],[-4.1],[-4.5],[-5.6],[-5.7],[-6],[-5.6],[-4.8],[-4.4],[-4.1],[-3.2],[-3.3],[-3.3],[-3.1],[-2.9],[-4],[-4.8],[-5.7],[-6],[-6.4],[-6.2],[-6.2],[-4.4],[-4.1],[-4.9],[-3.9],[-3.3],[-3.2],[-3],[-3],[-3.3],[-3.8],[-3.2],[-2.9],[-3.2],[-3.3],[-3],[-2.8],[-4.4],[-5.6],[-5.3],[-5.9],[-5.1],[-4.4],[-4.8],[-4.1],[-2.8],[-3.9],[-3.5],[-3],[-2],[-3.2],[-3.7],[-5],[-4.2],[-5.6],[-5],[-5.7],[-6],[-5.7],[-4.8],[-5],[-5],[-3.2],[-3.3],[-2.6],[-2.2],[-1.7],[-2.8],[-2.6],[-3.6],[-4],[-5.1],[-5],[-5.6],[-5.4],[-5.4],[-5.8],[-5.5],[-6.6],[-7.3],[-6.5],[-5.7],[-6],[-5.7],[-5.6],[-6.3],[-5.7],[-5.9],[-6.2],[-6.6],[-6.8],[-7.3],[-6.8],[-5.8],[-4],[-3],[-1.5],[-5],[-5.3],[-6.4],[-5.5],[-2.9],[-3],[-3.5],[-3.4],[-3.1],[-2.7],[-2.9],[-4.7],[-3.7],[-4.3],[-4.8],[-3.5],[-3.6],[-3.7],[-2.8],[-2.7],[-3.2],[-3.4],[-3.1],[-3.4],[-5.2],[-5],[-5.4],[-4.5],[-4.5],[-3.6],[-1.6],[-2.3],[-2.7],[-2.8],[-3.6],[-3.1],[-3.2],[-2.4],[-1.9],[-1.4],[0],[0.9],[-0.3],[0.5],[2.5],[1.2],[2],[2.7],[3],[3.3],[0.1],[-0.2],[1.6],[-0.7],[0.5],[0.2],[-0.3],[-1.3],[-0.4],[-1.5],[-2.4],[-2.3],[-2.5],[-2.3],[-2.3],[-2.3]]]

[]

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National net borrowing as a proportion of GDP increased slightly this quarter, driven by an increase in gross fixed capital formation.

Financial corporations' net lending decreased by $6.7b to $5.3b.
Non-financial corporations' net borrowing increased by $1.7b to $13.8b.
General government net borrowing increased by $10.4b to $36.7b.
Households' net lending increased by $10.4b to $25.9b.

Notable drivers included the following:

Financial corporations' net lending was driven by a decrease in net savings due to a decrease in dividends receivable.
Non-financial corporations' net borrowing was driven by an increase in gross fixed capital formation from both private non-financial corporations and public non-financial corporations.
General government net borrowing was driven by a decrease in net capital transfers from national general government due to an increase in capital transfers payable to households.
Households' net lending was driven by an increase in net capital transfers due to an increase in capital transfers received from general government.

Net lending (+) / borrowing (-), by sector, seasonally adjusted
	Non-financial corporations ($b)	Financial corporations ($b)	General government ($b)	Households ($b)
Sep-12	-22.8	11.8	-13.6	5.8
Dec-12	-28.2	11.3	-11.6	8.9
Mar-13	-20.8	9.3	-14.1	11.0
Jun-13	-25.1	9.7	-4.3	9.7
Sep-13	-20.3	8.6	-12.0	8.7
Dec-13	-21.2	8.6	-11.5	10.5
Mar-14	-19.5	8.9	-12.3	10.7
Jun-14	-22.2	7.7	-8.6	12.5
Sep-14	-23.1	8.0	-10.2	9.7
Dec-14	-19.4	5.8	-10.7	9.4
Mar-15	-21.9	7.2	-8.3	8.2
Jun-15	-21.7	4.9	-7.0	10.0
Sep-15	-24.5	6.9	-7.3	6.6
Dec-15	-24.2	8.7	-7.2	2.6
Mar-16	-21.6	7.4	-10.8	2.2
Jun-16	-19.9	8.4	-11.6	3.0
Sep-16	-16.9	8.0	-11.2	2.8
Dec-16	-9.9	7.0	-5.7	1.0
Mar-17	-9.1	4.8	-3.0	0.8
Jun-17	-10.7	7.3	-8.0	-0.5
Sep-17	-14.7	7.5	-5.9	-0.4
Dec-17	-15.5	5.2	-6.6	2.1
Mar-18	-14.8	7.6	-6.3	0.6
Jun-18	-21.6	6.3	-4.4	-0.5
Sep-18	-15.4	5.2	-5.7	1.9
Dec-18	-14.7	5.6	-7.5	5.4
Mar-19	-10.0	6.7	-8.1	7.8
Jun-19	-8.0	6.2	-5.2	6.2
Sep-19	-5.0	5.2	-11.8	14.4
Dec-19	-8.0	4.0	-11.9	12.0
Mar-20	-3.0	2.8	-14.7	20.2
Jun-20	24.2	12.0	-95.7	69.6
Sep-20	29.5	2.7	-86.1	61.0
Dec-20	15.3	1.1	-43.2	36.2
Mar-21	5.0	0.6	-26.1	36.1
Jun-21	1.1	1.4	-12.6	26.6
Sep-21	-4.1	4.1	-38.2	58.7
Dec-21	-5.8	-1.6	-26.2	31.6
Mar-22	-2.5	-5.6	-19.4	27.5
Jun-22	6.2	1.8	-15.3	19.3
Sep-22	-6.5	8.1	-17.4	18.0
Dec-22	-20.4	10.1	-6.0	3.5
Mar-23	2.8	5.7	-8.7	0.8
Jun-23	-3.8	8.1	-12.1	-1.9
Sep-23	-7.4	10.0	-10.6	-1.5
Dec-23	-7.4	11.5	-15.6	6.4
Mar-24	-8.1	10.2	-16.2	2.6
Jun-24	-12.9	15.5	-20.0	3.5
Sep-24	-11.4	9.2	-24.5	10.5
Dec-24	-13.8	12.8	-28.3	13.0
Mar-25	-11.5	5.9	-31.6	19.2
Jun-25	-12.1	12.1	-26.3	15.5
Sep-25	-13.8	5.3	-36.7	25.9

Net lending (+) / borrowing (-), by sector, seasonally adjusted

["","Non-financial\u00a0corporations","Financial\u00a0corporations","General\u00a0government","Households"]

[["Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21","Sep-21","Dec-21","Mar-22","Jun-22","Sep-22","Dec-22","Mar-23","Jun-23","Sep-23","Dec-23","Mar-24","Jun-24","Sep-24","Dec-24","Mar-25","Jun-25","Sep-25"],[[-22.8],[-28.2],[-20.8],[-25.1],[-20.3],[-21.2],[-19.5],[-22.2],[-23.1],[-19.4],[-21.9],[-21.7],[-24.5],[-24.2],[-21.6],[-19.9],[-16.9],[-9.9],[-9.1],[-10.7],[-14.7],[-15.5],[-14.8],[-21.6],[-15.4],[-14.7],[-10],[-8],[-5],[-8],[-3],[24.2],[29.5],[15.3],[5],[1.1],[-4.1],[-5.8],[-2.5],[6.2],[-6.5],[-20.4],[2.8],[-3.8],[-7.4],[-7.4],[-8.1],[-12.9],[-11.4],[-13.8],[-11.5],[-12.1],[-13.8]],[[11.8],[11.3],[9.3],[9.7],[8.6],[8.6],[8.9],[7.7],[8],[5.8],[7.2],[4.9],[6.9],[8.7],[7.4],[8.4],[8],[7],[4.8],[7.3],[7.5],[5.2],[7.6],[6.3],[5.2],[5.6],[6.7],[6.2],[5.2],[4],[2.8],[12],[2.7],[1.1],[0.6],[1.4],[4.1],[-1.6],[-5.6],[1.8],[8.1],[10.1],[5.7],[8.1],[10],[11.5],[10.2],[15.5],[9.2],[12.8],[5.9],[12.1],[5.3]],[[-13.6],[-11.6],[-14.1],[-4.3],[-12],[-11.5],[-12.3],[-8.6],[-10.2],[-10.7],[-8.3],[-7],[-7.3],[-7.2],[-10.8],[-11.6],[-11.2],[-5.7],[-3],[-8],[-5.9],[-6.6],[-6.3],[-4.4],[-5.7],[-7.5],[-8.1],[-5.2],[-11.8],[-11.9],[-14.7],[-95.7],[-86.1],[-43.2],[-26.1],[-12.6],[-38.2],[-26.2],[-19.4],[-15.3],[-17.4],[-6],[-8.7],[-12.1],[-10.6],[-15.6],[-16.2],[-20],[-24.5],[-28.3],[-31.6],[-26.3],[-36.7]],[[5.8],[8.9],[11],[9.7],[8.7],[10.5],[10.7],[12.5],[9.7],[9.4],[8.2],[10],[6.6],[2.6],[2.2],[3],[2.8],[1],[0.8],[-0.5],[-0.4],[2.1],[0.6],[-0.5],[1.9],[5.4],[7.8],[6.2],[14.4],[12],[20.2],[69.6],[61],[36.2],[36.1],[26.6],[58.7],[31.6],[27.5],[19.3],[18],[3.5],[0.8],[-1.9],[-1.5],[6.4],[2.6],[3.5],[10.5],[13],[19.2],[15.5],[25.9]]]

[]

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Capital Investment

National capital investment increased to 24.5% as a proportion of GDP, while increasing 3.5% in current price seasonally adjusted terms.

Relative to GDP:

Household capital investment rose to 8.1%
Non-financial corporations' capital investment rose to 12.1%
Financial corporations' capital investment remained at 0.6%
General government capital investment remained at 3.8%

In current price seasonally adjusted terms:

Non-financial corporations' capital investment rose, driven by an increase in both private non-financial corporations and public non-financial corporations.
General government capital investment rose, driven by an increase in both national general government and state and local general government.

Gross fixed capital formation, by sector, seasonally adjusted
	Non-financial corporations ($b)	Financial corporations ($b)	General government ($b)	Households ($b)
Sep-12	63.7	2.5	13.3	28.0
Dec-12	66.1	2.5	12.5	28.3
Mar-13	62.0	2.5	13.3	28.0
Jun-13	62.4	2.5	11.5	29.0
Sep-13	63.3	2.4	12.6	29.6
Dec-13	62.9	2.3	12.8	30.2
Mar-14	60.6	2.4	13.2	31.1
Jun-14	59.8	2.4	12.6	31.6
Sep-14	57.1	2.7	12.8	33.5
Dec-14	56.1	2.8	12.8	35.2
Mar-15	54.9	2.7	12.4	36.3
Jun-15	54.4	2.6	12.9	36.1
Sep-15	52.6	2.9	12.4	37.9
Dec-15	51.8	2.9	12.5	38.1
Mar-16	49.7	2.9	14.1	38.6
Jun-16	47.4	2.8	14.6	39.5
Sep-16	45.4	2.9	14.1	40.0
Dec-16	47.5	2.9	14.5	40.9
Mar-17	46.7	2.9	15.7	41.1
Jun-17	45.9	2.9	17.8	41.4
Sep-17	51.2	2.5	17.1	40.7
Dec-17	50.3	3.1	17.5	40.9
Mar-18	50.9	3.1	17.5	42.0
Jun-18	51.0	3.1	17.4	42.8
Sep-18	52.0	3.1	18.9	41.4
Dec-18	51.7	3.1	19.0	40.3
Mar-19	52.2	3.0	19.2	39.1
Jun-19	52.8	3.1	18.6	38.3
Sep-19	53.8	3.0	19.8	38.1
Dec-19	53.3	3.0	20.5	38.1
Mar-20	53.2	2.9	19.9	38.3
Jun-20	51.4	2.7	18.8	35.7
Sep-20	51.1	2.7	19.4	36.5
Dec-20	52.4	2.8	20.4	39.4
Mar-21	54.9	2.9	20.4	42.6
Jun-21	57.0	3.0	21.3	45.0
Sep-21	58.8	2.9	21.9	45.5
Dec-21	60.6	3.0	22.0	47.0
Mar-22	62.8	3.1	22.6	48.7
Jun-22	65.3	3.2	23.6	48.6
Sep-22	67.0	3.4	23.9	49.2
Dec-22	68.3	3.4	24.4	49.7
Mar-23	71.3	3.5	25.3	50.2
Jun-23	74.9	3.6	26.9	51.9
Sep-23	77.6	3.7	27.5	50.7
Dec-23	79.5	3.7	26.9	50.5
Mar-24	79.5	3.7	26.8	51.3
Jun-24	80.6	3.8	27.0	52.9
Sep-24	81.5	3.9	28.4	53.9
Dec-24	82.3	4.0	28.2	54.5
Mar-25	83.2	4.0	28.2	55.1
Jun-25	83.1	4.0	26.7	55.9
Sep-25	86.5	4.1	27.4	58.0

Gross fixed capital formation, by sector, seasonally adjusted

["","Non-financial\u00a0corporations","Financial\u00a0corporations","General\u00a0government","Households"]

[["Sep-12","Dec-12","Mar-13","Jun-13","Sep-13","Dec-13","Mar-14","Jun-14","Sep-14","Dec-14","Mar-15","Jun-15","Sep-15","Dec-15","Mar-16","Jun-16","Sep-16","Dec-16","Mar-17","Jun-17","Sep-17","Dec-17","Mar-18","Jun-18","Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21","Sep-21","Dec-21","Mar-22","Jun-22","Sep-22","Dec-22","Mar-23","Jun-23","Sep-23","Dec-23","Mar-24","Jun-24","Sep-24","Dec-24","Mar-25","Jun-25","Sep-25"],[[63.7],[66.1],[62],[62.4],[63.3],[62.9],[60.6],[59.8],[57.1],[56.1],[54.9],[54.4],[52.6],[51.8],[49.7],[47.4],[45.4],[47.5],[46.7],[45.9],[51.2],[50.3],[50.9],[51],[52],[51.7],[52.2],[52.8],[53.8],[53.3],[53.2],[51.4],[51.1],[52.4],[54.9],[57],[58.8],[60.6],[62.8],[65.3],[67],[68.3],[71.3],[74.9],[77.6],[79.5],[79.5],[80.6],[81.5],[82.3],[83.2],[83.1],[86.5]],[[2.5],[2.5],[2.5],[2.5],[2.4],[2.3],[2.4],[2.4],[2.7],[2.8],[2.7],[2.6],[2.9],[2.9],[2.9],[2.8],[2.9],[2.9],[2.9],[2.9],[2.5],[3.1],[3.1],[3.1],[3.1],[3.1],[3],[3.1],[3],[3],[2.9],[2.7],[2.7],[2.8],[2.9],[3],[2.9],[3],[3.1],[3.2],[3.4],[3.4],[3.5],[3.6],[3.7],[3.7],[3.7],[3.8],[3.9],[4],[4],[4],[4.1]],[[13.3],[12.5],[13.3],[11.5],[12.6],[12.8],[13.2],[12.6],[12.8],[12.8],[12.4],[12.9],[12.4],[12.5],[14.1],[14.6],[14.1],[14.5],[15.7],[17.8],[17.1],[17.5],[17.5],[17.4],[18.9],[19],[19.2],[18.6],[19.8],[20.5],[19.9],[18.8],[19.4],[20.4],[20.4],[21.3],[21.9],[22],[22.6],[23.6],[23.9],[24.4],[25.3],[26.9],[27.5],[26.9],[26.8],[27],[28.4],[28.2],[28.2],[26.7],[27.4]],[[28],[28.3],[28],[29],[29.6],[30.2],[31.1],[31.6],[33.5],[35.2],[36.3],[36.1],[37.9],[38.1],[38.6],[39.5],[40],[40.9],[41.1],[41.4],[40.7],[40.9],[42],[42.8],[41.4],[40.3],[39.1],[38.3],[38.1],[38.1],[38.3],[35.7],[36.5],[39.4],[42.6],[45],[45.5],[47],[48.7],[48.6],[49.2],[49.7],[50.2],[51.9],[50.7],[50.5],[51.3],[52.9],[53.9],[54.5],[55.1],[55.9],[58]]]

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Data downloads

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Time series spreadsheets

Data files

TABLE 1. Credit Market Outstandings ($ million)
Download xlsx [276.5 KB]
TABLE 2. Demand for Credit ($ million)
Download xlsx [258.03 KB]
TABLE 3. National Capital Account, Current prices ($ million)
Download xlsx [81.24 KB]
TABLE 4. National Financial Assets and Liabilities ($ million)
Download xlsx [106.41 KB]
TABLE 5. Non-Financial Corporations Capital Account, Current prices ($ million)
Download xlsx [78.96 KB]
TABLE 6. Financial Assets and Liabilities of Non-Financial Corporations ($ million)
Download xlsx [390.12 KB]
TABLE 7. Private Non-Financial Corporations Capital Account, Current prices ($ million)
Download xlsx [75.46 KB]
TABLE 8. Financial Assets and Liabilities of Private Non-Financial Corporations ($ million)
Download xlsx [385.32 KB]
TABLE 9. Financial Assets and Liabilities of Private Non-Financial Investment Funds ($ million)
Download xlsx [236.22 KB]
TABLE 10. Financial Assets and Liabilities of Other Private Non-Financial Corporations ($ million)
Download xlsx [390.37 KB]
TABLE 11. Public Non-Financial Corporations Capital Account, Current prices ($ million)
Download xlsx [74.26 KB]
TABLE 12. Financial Assets and Liabilities of Public Non-Financial Corporations ($ million)
Download xlsx [270.74 KB]
TABLE 13. Financial Corporations Capital Account, Current prices ($ million)
Download xlsx [74.11 KB]
TABLE 14. Financial Assets and Liabilities of Financial Corporations ($ million)
Download xlsx [361.21 KB]
TABLE 15. Financial Assets and Liabilities of the Central Bank ($ million)
Download xlsx [166.06 KB]
TABLE 16. Financial Assets and Liabilities of Authorised Deposit taking Institutions ($ million)
Download xlsx [498.46 KB]
TABLE 17. Financial Assets and Liabilities of Other Broad Money Institutions ($ million)
Download xlsx [325.05 KB]
TABLE 18. Financial Assets and Liabilities of Pension Funds ($ million)
Download xlsx [228.81 KB]
TABLE 19. Pension Funds - Self-Managed Superannuation Funds Balance Sheet ($ million)
Download xlsx [72.2 KB]
TABLE 20. Financial Assets and Liabilities of Life Insurance Corporations ($ million)
Download xlsx [304.88 KB]
TABLE 21. Financial Assets and Liabilities of Non-Life Insurance Corporations ($ million)
Download xlsx [303.1 KB]
TABLE 22. Financial Assets and Liabilities of Money Market Financial Investment Funds ($ million)
Download xlsx [146.05 KB]
TABLE 23. Financial Assets and Liabilities of Non-Money Market Financial Investment Funds ($ million)
Download xlsx [283.06 KB]
TABLE 24. Financial Assets and Liabilities of Central Borrowing Authorities ($ million)
Download xlsx [266.88 KB]
TABLE 25. Financial Assets and Liabilities of Securitisers ($ million)
Download xlsx [208.71 KB]
TABLE 26. Financial Assets and Liabilities of Other Financial Corporations ($ million)
Download xlsx [327.55 KB]
TABLE 27. General Government Capital Account, Current prices ($ million)
Download xlsx [78.4 KB]
TABLE 28. Financial Assets and Liabilities of General Government ($ million)
Download xlsx [310.56 KB]
TABLE 29. National General Government Capital Account, Current prices ($ million)
Download xlsx [77.69 KB]
TABLE 30. Financial Assets and Liabilities of National General Government ($ million)
Download xlsx [286.74 KB]
TABLE 31. State and Local General Government Capital Account, Current prices ($ million)
Download xlsx [77.7 KB]
TABLE 32. Financial Assets and Liabilities of State and Local General Government ($ million)
Download xlsx [195.3 KB]
TABLE 33. Household Capital Account, Current prices ($ million)
Download xlsx [77.79 KB]
TABLE 34. Financial Assets and Liabilities of Households ($ million)
Download xlsx [259.98 KB]
TABLE 35. Household Balance Sheet, Current prices ($ billion)
Download xlsx [81.05 KB]
TABLE 36. Analytical Measures of Household Income, Consumption, Saving and Wealth, Current prices ($ billion)
Download xlsx [67.71 KB]
TABLE 37. Rest of World Capital Account, Current prices ($ million)
Download xlsx [66.74 KB]
TABLE 38. Financial Assets and Liabilities of Rest of World ($ million)
Download xlsx [469.91 KB]
TABLE 39. The Currency Market ($ million)
Download xlsx [81.22 KB]
TABLE 40. The Transferable Deposits Market ($ million)
Download xlsx [117.13 KB]
TABLE 41. The Other Deposits Market ($ million)
Download xlsx [127.92 KB]
TABLE 42. The Bills of Exchange Market ($ million)
Download xlsx [106.9 KB]
TABLE 43. The One Name Paper Market ($ million)
Download xlsx [374.1 KB]
TABLE 44. The Bonds Market ($ million)
Download xlsx [476.47 KB]
TABLE 45. The Derivatives and Employee Stock Options Market ($ million)
Download xlsx [193.56 KB]
TABLE 46. The Short Term Loans and Placements Market ($ million)
Download xlsx [160.51 KB]
TABLE 47. The Long Term Loans and Placements Market ($ million)
Download xlsx [364.47 KB]
TABLE 48. The Listed Shares and Other Equity Market ($ million)
Download xlsx [262.09 KB]
TABLE 49. The Unlisted Shares and Other Equity Market ($ million)
Download xlsx [331.32 KB]
TABLE 50. Accounts Payable/Receivable ($ million)
Download xlsx [400.08 KB]
TABLE 51. Financial Accounts Summary of Authorised Deposit taking Institution Deposits and Lending Split by Household Subsectors ($ million)
Download xlsx [56.47 KB]
TABLE 52. Financial Accounts Summary of Loan Outstandings to Households for Housing by Type of Lending Institution ($ million)
Download xlsx [57.15 KB]
TABLE 53. Nominal Value of Short Term Loans and Placements Market ($ million)
Download xlsx [160.21 KB]
TABLE 54. Nominal Value of Long Term Loans and Placements Market ($ million)
Download xlsx [366.09 KB]

Previous catalogue number

This release previously used catalogue number 5232.0

Revisions and changes

Revisions in this issue

There have been revisions to previously published aggregates after September quarter 2023. These revisions are due to quality assurance reviews and amendments to data collected in the ABS Survey of Financial Information, ABS Survey of International Investment and to data derived from Australian Prudential Regulation Authority (APRA) administrative data sets.

Cessation of selected Survey of Financial Information (SFI) collections

From the September quarter 2025, the Survey of Financial Information for private non-financial corporations and life offices and friendly societies sectors has ceased. Financial data for these sectors is now being compiled using alternative sources and methods, including other ABS data collections and administrative sources, such as:

APRA financial sector administrative data
Australian Securities Exchange (ASX) administrative data
ABS Business Indicators, Australia
ABS Government Finance Statistics, Australia
ABS Survey of International Investment

AASB 17 accounting standard

The adoption of the AASB 17 accounting standard by the insurance industry has resulted in changes to source data reporting. Consequently, some of the estimates for life insurance corporations since the September quarter 2023 have been modelled. While these series continue to be published, users are advised to apply caution.

ABS Managed Funds publication

Consultation with users and industry in late 2023 found that the Managed Funds publication and underlying collections no longer aligned with the way the industry operates and did not capture the full scope of activity. As a result, the Managed Funds publication was paused following the release of the December quarter 2023 issue.

The ABS is currently working with key stakeholders to improve the quality of our managed funds statistics.

ABS survey data on public offer unit trusts will continue to be used in the compilation of associated sectors in the National Accounts: Finance and Wealth publication (tables 9 and 23). In this publication, adjustments are made to these sectors to account for scope and coverage, based on other counterparty information, though some underlying quality issues remain. Users are advised to apply caution when using these statistics and use the methodology and data quality notes when referencing any data points. For additional information please see the December quarter 2023 Managed Funds publication.

Methodology

Australian National Accounts: Finance and Wealth methodology, September 2025

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APA

Australian National Accounts: Finance and Wealth

APA

Key statistics

Main features

Financing resources and investment tables

Financial market summary table

Flow of funds diagrams

Net transactions during September quarter 2025

Amounts outstanding at end of September quarter 2025

National investment

Financial investment

Households

General government

Demand for credit

Demand for credit table

Other private non-financial corporations

General government

Households

Households

Balance sheet

Financial assets

Liabilities

Non-financial assets

Financial assets

Liabilities

Private non-financial corporations

Financial assets

Liabilities

Other private non-financial corporations demand for credit

Financial corporations

Financial assets and liabilities

Authorised deposit-taking institutions (ADIs)

Financial assets

Liabilities

Pension (superannuation) funds

Financial assets

Liabilities

Government

National general government financial assets

National general government liabilities

State and local general government financial assets

State and local general government liabilities

General government

Capital investment

Net lending (+) / borrowing (-)

Capital Investment

Data downloads

Time series spreadsheets

TABLE 1. Credit Market Outstandings ($ million)

TABLE 2. Demand for Credit ($ million)

TABLE 3. National Capital Account, Current prices ($ million)

TABLE 4. National Financial Assets and Liabilities ($ million)

TABLE 5. Non-Financial Corporations Capital Account, Current prices ($ million)

TABLE 6. Financial Assets and Liabilities of Non-Financial Corporations ($ million)

TABLE 7. Private Non-Financial Corporations Capital Account, Current prices ($ million)

TABLE 8. Financial Assets and Liabilities of Private Non-Financial Corporations ($ million)

TABLE 9. Financial Assets and Liabilities of Private Non-Financial Investment Funds ($ million)

TABLE 10. Financial Assets and Liabilities of Other Private Non-Financial Corporations ($ million)

TABLE 11. Public Non-Financial Corporations Capital Account, Current prices ($ million)

TABLE 12. Financial Assets and Liabilities of Public Non-Financial Corporations ($ million)

TABLE 13. Financial Corporations Capital Account, Current prices ($ million)

TABLE 14. Financial Assets and Liabilities of Financial Corporations ($ million)

TABLE 15. Financial Assets and Liabilities of the Central Bank ($ million)

TABLE 16. Financial Assets and Liabilities of Authorised Deposit taking Institutions ($ million)

TABLE 17. Financial Assets and Liabilities of Other Broad Money Institutions ($ million)

TABLE 18. Financial Assets and Liabilities of Pension Funds ($ million)

TABLE 19. Pension Funds - Self-Managed Superannuation Funds Balance Sheet ($ million)

TABLE 20. Financial Assets and Liabilities of Life Insurance Corporations ($ million)

TABLE 21. Financial Assets and Liabilities of Non-Life Insurance Corporations ($ million)

TABLE 22. Financial Assets and Liabilities of Money Market Financial Investment Funds ($ million)

TABLE 23. Financial Assets and Liabilities of Non-Money Market Financial Investment Funds ($ million)

TABLE 24. Financial Assets and Liabilities of Central Borrowing Authorities ($ million)

TABLE 25. Financial Assets and Liabilities of Securitisers ($ million)

TABLE 26. Financial Assets and Liabilities of Other Financial Corporations ($ million)

TABLE 27. General Government Capital Account, Current prices ($ million)

TABLE 28. Financial Assets and Liabilities of General Government ($ million)

TABLE 29. National General Government Capital Account, Current prices ($ million)

TABLE 30. Financial Assets and Liabilities of National General Government ($ million)

TABLE 31. State and Local General Government Capital Account, Current prices ($ million)