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

December 2025

Released

26/03/2026

Release date and time

26/03/2026 11:30am AEDT

Key statistics

Household wealth increased $453.7b (2.5%) to $18,848.1b.
Demand for credit was $142.4b.
Australia's net borrowing position fell by $27.8b to $8.4b this quarter.
Capital investment as a proportion of GDP decreased to 24.5%.

Main features

Financing resources and investment tables

Financing resources December quarter 2025, original, current prices, $b
	Non-financial corps	Financial corps	Government	Households	Total national	Rest of world
Net saving (a)	32.4	-1.0	-10.7	18.2	39.0	18.3
plus Consumption of fixed capital	64.2	4.1	16.4	47.3	132.1	-
Gross saving	96.6	3.1	5.7	65.6	171.0	18.3
plus Net capital transfers	0.8	0.0	-3.9	2.7	-0.4	0.4
less Statistical discrepancy (b)	-	-	-	-	-3.1	-
Total financing resources	97.4	3.1	1.8	68.3	173.8	18.6

Uses of financing (investment) December quarter 2025, original, current prices, $b
	Non-financial corps	Financial corps	Government	Households	Total national	Rest of world
Capital formation
	Gross fixed capital formation	90.3	4.3	29.0	61.4	185.0	-
	plus Changes in inventories	3.4	0.0	0.4	3.6	7.4	-
	plus Net acquisition of non-produced non-financial assets	-0.9	-	0.9	-	-	-
	Total capital formation	92.9	4.3	30.2	65.0	192.4	-
plus Financial investment
	Acquisition of financial assets	26.1	31.8	-26.4	91.3	-42.2	-33.8
	less Incurrence of financial liabilities	55.3	-3.2	18.8	60.3	-33.8	-42.2
	Net Financial investment (Net lending (+) / net borrowing (-))	-29.2	35.0	-45.2	31.0	-8.4	8.4
less Net errors and omissions	-33.8	36.3	-16.8	27.7	10.2	-10.2
Total investment	97.4	3.1	1.8	68.3	173.8	18.6

Financial market summary table

Financial market summary, $b
	Amounts outstanding, Sep-25	Transactions, Dec-25	Other changes, Dec-25	Amounts outstanding, Dec-25
Currency and deposits
	Currency	109.6	4.1	-	113.6
	Transferable deposits	2,447.1	67.4	-3.4	2,511.1
	Other deposits	1,762.0	14.7	-2.8	1,774.0
Short term debt securities
	Bills of exchange	4.7	-0.1	-	4.6
	One name paper	600.0	0.5	1.5	602.0
Long term debt securities
	Bonds, etc.	3,796.7	28.8	-58.4	3,767.0
Derivatives
	Derivatives	646.0	-315.2	378.2	709.0
Loans and placements
	Short term	471.2	5.8	-1.5	475.6
	Long term	5,428.4	115.1	-0.8	5,542.8
Shares and other equity
	Listed	3,260.6	7.0	-9.2	3,258.3
	Unlisted	7,320.3	99.3	69.8	7,489.4
Insurance technical reserves
	Reserves of pension funds and life	4,208.9	26.7	30.1	4,265.8
	General insurance payments	184.9	0.5	0.0	185.4

Flow of funds diagrams

National investment

National investment increased by $20.6b to $192.4b in the December quarter.

General government investment increased by $4.9b to $30.2b, driven by an increase in gross fixed capital formation for both state and local general government and national general government.
Non-financial corporations' investment increased by $7.9b to $92.9b, driven by an increase in gross fixed capital formation for private non-financial corporations and an increase in change in inventories for public non-financial corporations.
Households' investment increased by $7.6b to $65.0b, driven by an increase in change in inventories.

Financial investment

Australia was a net borrower of $8.4b from rest of world (ROW). The main contributors were a:

$37.3b acquisition by ROW of bonds issued by Australia
$26.8b acquisition by ROW of equity issued by Australia
Partly offset by $63.6b acquisition by Australia of equity issued by ROW

Australia's net borrowing position reflected strong ROW investment in Australian company shares, and debt securities issued by the government and banks.

Households

Households' $31.0b net lending position was due to a $91.3b acquisition of financial assets, partly offset by a $60.3b incurrence of liabilities. The acquisition of assets was driven by:

$55.0b in deposits
$27.1b net equity in superannuation

While liabilities were driven by:

$63.4b in loan borrowings

The rise in deposit balances of households was supported by strong income growth which outpaced spending, reflected in a rise in the household saving rate. Strong employment income also supported further growth in superannuation balances through ongoing contributions.

General government

General government’s $45.2b net borrowing position was due to a $26.4b disposal of financial assets as well as an $18.8b incurrence of liabilities. The disposal of assets was driven by a:

$23.1b reduction in deposits
$4.4b reduction in loan assets

Liabilities were driven by:

$18.9b net issuance of short-term debt
$17.7b in loan borrowings
Partly offset by $13.0b net reduction of bond assets

The national general government remained in a net borrowing position for a sixth consecutive quarter which reflected a draw down in deposit assets of $20.3b and a net issuance of debt securities of $6.6b. 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)
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	-11.8	26.5	-27.3	17.0
Mar-24	-13.4	-9.5	-10.0	-7.3	13.5
Jun-24	-19.6	-10.3	13.0	-15.2	-7.1
Sep-24	-18.1	-14.3	-25.8	-41.4	63.5
Dec-24	-21.2	-26.7	6.9	-41.5	40.1
Mar-25	-17.2	-14.5	-10.3	-19.1	26.6
Jun-25	-11.9	18.6	-9.4	-25.4	4.3
Sep-25	-36.2	-15.5	-37.6	-58.8	75.7
Dec-25	-8.4	-29.2	35.0	-45.2	31.0

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, Sep-25	Demand for credit, Dec-25	Other changes, Dec-25	Credit market outstandings, Dec-25
Non-financial corporations
	Investment funds	625.8	2.9	-0.4	628.4
	Other private	5094.6	48.3	6.8	5149.8
	Public	199.5	3.6	-0.2	202.8
General government
	National	928.4	5.3	-25.1	908.6
	State and local	514.6	18.9	-0.3	533.2
Households	3189.1	63.3	0.8	3253.3
Total	10552.0	142.4	-18.4	10676.0

Demand for credit was $142.4b in the December quarter, of which:

Households borrowed $63.3b
Private non-financial businesses borrowed $48.3b
General government borrowed $24.3b

Credit market outstandings increased by $124.0b, comprised of demand for credit of $142.4b and revaluation losses of $18.4b. Rising bond yields resulted in holding losses on Commonwealth government bonds of $25.1b, which was partly offset by $11.9b in holding gains on the shares of other private non-financial corporations.

Other private non-financial corporations

Growth in business credit was driven by loans from Authorised Deposit-taking Institutions (ADIs) this quarter alongside strong equity investment in Australian companies by ROW. Business credit growth has remained elevated throughout 2025, which has been seen alongside an increase in capital investment, particularly on machinery and equipment. Business financing activity comprised:

Loan borrowings of $24.3b
Equity raising of $19.8b
Corporate bond net issuance of $4.0b

General government

Commonwealth government demand for credit was driven by increased issuance of Australian treasury notes, partly offset by net maturities of government bonds in the quarter. State and local general government credit growth was driven by an increase in loans from central borrowing authorities.

General government financing activity comprised:

$5.0b in net issuance of bonds and one name paper by national general government
$18.0b in loan borrowings by state and local general government.

Households

Household demand for credit in December quarter was driven by strong growth in housing loans across all borrower types. Changes to policies supporting owner occupier first home-buyers this quarter include the expansion of the Australian Government 5% Deposit Scheme and the introduction of the Australian Government Help to Buy Scheme. Household short term loan borrowings also increased in line with seasonally higher consumer spending in December quarters. Households borrowed:

$62.7b in long-term loans
$0.7b in short-term loans

Demand for credit by sector
	Private non-financial businesses ($b)	Households ($b)	General government ($b)	Other ($b)
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	32.7	28.1	9.4
Mar-24	46.7	32.5	23.9	9.7
Jun-24	36.4	53.8	-7.0	7.6
Sep-24	38.0	25.6	44.4	4.3
Dec-24	55.2	40.8	-2.0	12.8
Mar-25	44.6	34.6	38.2	8.4
Jun-25	42.2	61.8	-14.5	10.8
Sep-25	55.7	31.4	58.8	5.7
Dec-25	48.3	63.3	24.3	6.5

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, Sep-25	Transactions, Dec-25	Other changes(a), Dec-25	Holding gains/losses, Dec-25	Amounts outstanding, Dec-25
Non-financial assets
	Land and dwellings	12,162.5	12.3	10.2	348.8	12,533.8
	Other non-financial assets	922.0	5.3	-	4.4	931.7
Financial assets
	Superannuation reserves	4,495.0	27.1	-	24.5	4,546.7
	Shares and other equity	1,679.6	6.0	-	14.0	1,699.6
	Currency and deposits	1,926.8	55.0	-	0.3	1,982.0
	Other financial assets	548.7	3.1	-	3.8	555.6
Liabilities
	Loans	3,186.0	63.4	-	0.8	3,250.2
	Other liabilities	154.2	-3.1	-	-	151.1
Wealth (Net worth)	18,394.4	48.6	10.2	394.9	18,848.1
Memorandum item
	Consumer durables (b)	575.8	0.0	-	-	579.3

Financial assets

Household selected financial assets, $b
	Transactions, Jun-25	Amounts outstanding, Jun-25	Transactions, Sep-25	Amounts outstanding, Sep-25	Transactions, Dec-25	Amounts outstanding, Dec-25
Total assets	61.5	8,370.1	105.0	8,650.1	91.3	8,783.9
Deposits	5.5	1,812.4	62.9	1,875.7	53.7	1,929.7
Shares and equity	5.8	1,641.5	6.9	1,679.6	6.0	1,699.6
Net equity in reserves	37.7	4,047.5	27.4	4,218.8	26.6	4,275.6
	Pension funds	40.1	3,902.6	27.5	4,068.9	24.2	4,121.6
Other assets	12.5	868.5	7.8	876.0	4.9	879.0

Liabilities

Household selected liabilities, $b
	Transactions, Jun-25	Amounts outstanding, Jun-25	Transactions, Sep-25	Amounts outstanding, Sep-25	Transactions, Dec-25	Amounts outstanding, Dec-25
Total liabilities	57.2	3,312.7	29.3	3,340.4	60.3	3,401.6
Short term loans	0.3	58.6	-0.1	58.5	0.7	59.2
Long term loans	61.7	3,097.5	31.7	3,127.5	62.7	3,191.0
Other liabilities	-4.8	156.7	-2.3	154.5	-3.1	151.4

Household wealth grew by 2.5% ($453.7b) to $18,848.1b by the end of the December 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 2.9% ($381.0b). The value of residential land and dwellings increased by 3.2% ($368.6b), with both property prices and the number of dwellings rising during the quarter.

Financial assets

Financial assets owned by households increased by 1.5% ($133.8b), with a:

$55.3b rise in currency and deposits.
$51.6b rise in superannuation reserves.
$20.0b rise in shares and other equity.

Total deposits increased by 2.9% ($54.0b). Transferable deposit account balances rose $42.8b and other deposit accounts (which include term deposit and other savings accounts) rose $11.2b.

The rise in the value of superannuation reserves and shares and other equity was due to more favourable performance in overseas share markets this quarter relative to domestic markets.

Liabilities

Household liabilities increased by 1.8% ($61.2b), with a:

$63.5b rise in long-term loans.
$0.7b rise in short-term loans.

The growth in long-term loans was driven by housing loans, with both investors and owner occupiers contributing to increased demand for new housing debt.

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)
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	510.6	314.6	141.4	30.1	52.5	-0.7	-38.5
Mar-24	380.9	176.6	145.5	32.0	57.5	5.5	-45.2
Jun-24	278.6	260.1	7.6	-9.4	26.4	40.0	-52.4
Sep-24	315.0	56.4	145.9	60.7	49.5	26.7	-28.7
Dec-24	383.7	258.2	63.6	57.3	30.2	12.2	-46.6
Mar-25	111.0	88.7	-14.6	28.5	17.0	24.8	-39.8
Jun-25	525.1	278.1	207.5	5.7	58.9	30.7	-59.0
Sep-25	474.5	218.9	164.1	63.8	38.0	14.1	-27.7
Dec-25	453.7	371.3	51.6	55.3	20.0	6.9	-61.1

Household wealth, contribution to growth, quarterly

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

[["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","Dec-25"],[[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],[510.6],[380.9],[278.6],[315],[383.7],[111],[525.1],[474.5],[453.7]],[[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],[278.1],[218.9],[371.3]],[[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],[141.4],[145.5],[7.6],[145.9],[63.6],[-14.6],[207.5],[164.1],[51.6]],[[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],[60.7],[57.3],[28.5],[5.7],[63.8],[55.3]],[[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],[30.2],[17],[58.9],[38],[20]],[[-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],[-0.7],[5.5],[40],[26.7],[12.2],[24.8],[30.7],[14.1],[6.9]],[[-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],[-38.5],[-45.2],[-52.4],[-28.7],[-46.6],[-39.8],[-59],[-27.7],[-61.1]]]

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Private non-financial corporations

Financial assets

Private non-financial corporations' selected financial assets, $b
	Transactions, Jun-25	Amounts outstanding, Jun-25	Transactions, Sep-25	Amounts outstanding, Sep-25	Transactions, Dec-25	Amounts outstanding, Dec-25
Total assets	69.9	2,308.60	45.2	2,333.00	29.9	2,361.50
Deposits	59.4	869.0	12.8	880.7	13.6	892.7
Shares and equity	8.8	836.4	13.9	832.3	18.9	852
Other accounts receivable	1.0	349.9	23.5	369.6	0.3	365.1
Other assets	0.7	253.2	-5.0	250.4	-3.0	251.8

Liabilities

Private non-financial corporations' selected liabilities, $b
	Transactions, Jun-25	Amounts outstanding, Jun-25	Transactions, Sep-25	Amounts outstanding, Sep-25	Transactions, Dec-25	Amounts outstanding, Dec-25
Total liabilities	44.0	5,810.2	61.5	6,014.0	51.1	6,075.1
Total debt securities	1.3	303.6	0.2	301.7	4.5	301.5
Loans	21.4	1,213.5	27.0	1,240.2	26.2	1,265.5
	Authorised deposit taking institutions	17.1	819.8	23.7	843.2	23.2	865.8
	Rest of world	-0.7	240.4	0.7	241.0	-1.3	239.5
Shares and equity	25.0	3,989.6	33.2	4,164.6	20.3	4,196.9
	Households	6.1	971.8	8.4	997.9	3.9	1,013.3
	Rest of world	18.8	1,523.0	25.9	1,581.7	21.4	1,600.7
Other liabilities	-3.7	303.5	1.1	307.5	0.1	311.1

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 rose to 0.45 in the December quarter 2025 following a rise in loan borrowings.

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

Private non-financial corporations' debt to equity ratio

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

[["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","Dec-25"],[[0.505],[0.518],[0.532],[0.543],[0.566],[0.583],[0.589],[0.62],[0.645],[0.657],[0.67],[0.688],[0.692],[0.666],[0.625],[0.614],[0.606],[0.598],[0.591],[0.588],[0.567],[0.572],[0.562],[0.576],[0.586],[0.591],[0.6],[0.598],[0.598],[0.601],[0.6],[0.603],[0.605],[0.601],[0.598],[0.605],[0.595],[0.605],[0.602],[0.611],[0.614],[0.621],[0.614],[0.611],[0.606],[0.602],[0.601],[0.599],[0.59],[0.594],[0.585],[0.587],[0.585],[0.586],[0.579],[0.582],[0.574],[0.591],[0.568],[0.559],[0.546],[0.556],[0.558],[0.553],[0.545],[0.523],[0.533],[0.538],[0.534],[0.537],[0.536],[0.544],[0.55],[0.554],[0.551],[0.558],[0.563],[0.565],[0.567],[0.57],[0.576]],[[0.505],[0.499],[0.516],[0.525],[0.508],[0.504],[0.494],[0.515],[0.541],[0.595],[0.595],[0.686],[0.807],[0.793],[0.696],[0.63],[0.603],[0.599],[0.636],[0.6],[0.555],[0.553],[0.562],[0.63],[0.637],[0.613],[0.655],[0.639],[0.616],[0.61],[0.647],[0.625],[0.629],[0.621],[0.614],[0.628],[0.626],[0.622],[0.632],[0.666],[0.653],[0.648],[0.625],[0.599],[0.593],[0.575],[0.577],[0.572],[0.54],[0.552],[0.525],[0.526],[0.553],[0.525],[0.511],[0.515],[0.498],[0.606],[0.531],[0.518],[0.481],[0.484],[0.467],[0.467],[0.447],[0.431],[0.467],[0.479],[0.455],[0.449],[0.448],[0.46],[0.45],[0.452],[0.455],[0.447],[0.463],[0.469],[0.456],[0.444],[0.447]]]

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Other private non-financial corporations demand for credit

Other private non-financial corporations demand for credit of $48.3b was driven by:

$24.3b of loan borrowings
$19.8b of equity raising

Other private non-financial corporations' demand for credit
	Total ($b)	Short-term debt ($b)	Bonds ($b)	Loans ($b)	Equity ($b)
Dec-12	14.8	-5.0	9.2	2.7	7.8
Mar-13	24.8	-1.8	5.5	9.9	11.1
Jun-13	37.4	-3.2	1.8	17.3	21.5
Sep-13	26.1	1.6	6.7	3.0	14.8
Dec-13	38.6	-7.7	8.4	16.2	21.7
Mar-14	7.9	-3.9	-0.7	0.7	11.8
Jun-14	32.3	-3.4	-5.6	22.5	18.8
Sep-14	33.6	-2.6	9.5	1.7	24.9
Dec-14	35.4	-1.8	-5.8	14.6	28.4
Mar-15	43.2	-3.3	8.9	22.9	14.6
Jun-15	27.0	-2.7	10.5	3.2	16.0
Sep-15	39.7	-1.9	-6.1	31.3	16.5
Dec-15	33.4	-2.0	8.6	12.3	14.5
Mar-16	30.4	-2.4	6.3	14.3	12.1
Jun-16	11.1	-3.1	-5.0	3.3	16.0
Sep-16	20.3	-2.1	-4.9	8.0	19.4
Dec-16	56.5	-2.5	2.9	13.5	42.5
Mar-17	6.3	-0.2	-9.9	1.1	15.4
Jun-17	38.0	-1.4	7.6	3.5	28.3
Sep-17	33.4	-3.8	-1.1	4.5	33.8
Dec-17	30.9	-1.2	-5.0	9.6	27.4
Mar-18	39.0	-0.6	3.4	14.1	22.1
Jun-18	14.0	-2.4	9.1	-11.0	18.3
Sep-18	67.0	-3.4	2.3	24.4	43.6
Dec-18	8.8	-2.8	-0.3	5.0	6.9
Mar-19	35.5	-2.6	-1.6	19.5	20.1
Jun-19	38.8	-4.1	8.4	12.5	21.9
Sep-19	18.1	-1.1	1.2	9.2	8.8
Dec-19	21.0	-2.7	0.3	3.3	20.1
Mar-20	49.7	0.7	-7.7	42.5	14.1
Jun-20	-7.2	-2.5	-7.8	-23.2	26.3
Sep-20	2.0	-0.5	-9.8	-10.8	23.2
Dec-20	4.5	-2.6	-12.5	-11.1	30.7
Mar-21	18.4	0.7	2.3	8.9	6.6
Jun-21	11.9	-0.1	-2.7	8.8	5.9
Sep-21	58.0	-1.7	-1.5	14.5	46.6
Dec-21	34.8	-1.7	0.5	-2.2	38.1
Mar-22	162.6	-0.9	4.1	11.4	148.0
Jun-22	48.2	-0.1	0.0	36.2	12.0
Sep-22	77.3	1.9	-2.5	39.1	38.8
Dec-22	11.3	-0.1	-4.5	5.7	10.2
Mar-23	41.7	0.6	2.6	15.4	23.1
Jun-23	-4.1	-3.8	3.0	4.9	-8.2
Sep-23	56.2	2.8	-1.8	26.0	29.2
Dec-23	31.2	1.1	2.9	15.9	11.3
Mar-24	46.7	-3.3	7.7	17.1	25.1
Jun-24	36.4	0.1	4.6	7.9	23.7
Sep-24	38.0	-0.2	2.8	22.7	12.7
Dec-24	55.2	-0.9	5.1	26.0	25.0
Mar-25	44.6	0.6	4.6	19.5	20.0
Jun-25	42.2	0.6	2.3	17.1	22.2
Sep-25	55.7	-0.1	-0.2	26.2	29.8
Dec-25	48.3	0.2	4.0	24.3	19.8

Other private non-financial corporations' demand for credit

["","Total","Short-term debt","Bonds","Loans","Equity"]

[["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","Dec-25"],[[14.8],[24.8],[37.4],[26.1],[38.6],[7.9],[32.3],[33.6],[35.4],[43.2],[27],[39.7],[33.4],[30.4],[11.1],[20.3],[56.5],[6.3],[38],[33.4],[30.9],[39],[14],[67],[8.8],[35.5],[38.8],[18.1],[21],[49.7],[-7.2],[2],[4.5],[18.4],[11.9],[58],[34.8],[162.6],[48.2],[77.3],[11.3],[41.7],[-4.1],[56.2],[31.2],[46.7],[36.4],[38],[55.2],[44.6],[42.2],[55.7],[48.3]],[[-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],[0.2]],[[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],[5.1],[4.6],[2.3],[-0.2],[4]],[[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],[15.9],[17.1],[7.9],[22.7],[26],[19.5],[17.1],[26.2],[24.3]],[[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],[12.7],[25],[20],[22.2],[29.8],[19.8]]]

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Financial corporations

Financial assets and liabilities

Financial corporations' financial assets, $b
	Amounts outstanding, Sep-25	Transactions, Dec-25	Other changes, Dec-25	Amounts outstanding, Dec-25
Central bank	398.1	-13.8	-4.5	379.8
Authorised deposit taking institutions	5,661.5	-28.6	145.9	5,778.9
Other broad money institutions	281.9	5.5	0.4	287.8
Pension funds	3,852.6	19.5	29.3	3,901.4
Life insurance corporations	174.3	1.2	-2.8	172.6
Non-life insurance corporations	319.5	0.4	-1.5	318.3
Money market investment funds	35.8	-2.7	0.0	33.0
Non-money market investment funds	1,459.1	23.4	6.7	1,489.2
Central borrowing authorities	795.3	7.6	1.1	804.0
Securitisers	688.6	19.1	0.1	707.8
Other financial corporations	114.7	-30.9	28.6	112.4

Financial corporations' liabilities, $b
	Amounts outstanding, Sep-25	Transactions, Dec-25	Other changes, Dec-25	Amounts outstanding, Dec-25
Central bank	400.7	-19.2	-1.7	379.8
Authorised deposit taking institutions	6,047.0	-49.7	146.5	6,143.8
Other broad money institutions	199.4	5.4	-3.4	201.4
Pension funds	4,135.4	20.4	34.8	4,190.6
Life insurance corporations	171.2	1.4	1.2	173.7
Non-life insurance corporations	375.6	-0.3	-5.7	369.6
Money market investment funds	35.8	0.5	-1.4	34.9
Non-money market investment funds	1,688.4	14.9	45.4	1,748.7
Central borrowing authorities	771.9	-6.3	6.9	772.6
Securitisers	750.8	18.6	-4.0	765.4
Other financial corporations	243.7	-20.1	22.8	246.4

Authorised deposit-taking institutions (ADIs)

Financial assets

Authorised deposit-taking institutions' selected financial assets, $b
	Transactions, Jun-25	Amounts outstanding, Jun-25	Transactions, Sep-25	Amounts outstanding, Sep-25	Transactions, Dec-25	Amounts outstanding, Dec-25
Total assets	-161.6	5,615.3	-43.5	5,661.5	-28.6	5,778.9
Deposits	4.5	332.6	-18.6	313.9	1.0	314.8
Bonds	22.8	1,127.9	-15.2	1,120.1	0.2	1,111.9
	Securitisers	14.3	553.9	-25.7	530.6	6.2	536.1
	National general government	17.6	143.6	5.6	149.1	-16.5	128.3
Loans	52.0	3,527.7	93.7	3,620.9	86.1	3,705.3
Other assets	-240.9	627.0	-103.4	606.5	-115.9	646.9

Liabilities

Authorised deposit-taking institutions' selected liabilities, $b
	Transactions, Jun-25	Amounts outstanding, Jun-25	Transactions, Sep-25	Amounts outstanding, Sep-25	Transactions, Dec-25	Amounts outstanding, Dec-25
Total liabilities		-152.7	5,969.0	-13.5	6,047.0	-49.7	6,143.8
Deposits	100.9	3,583.1	78.9	3,658.3	94.5	3,747.9
	Other private non-fin corps	58.2	818.9	11.6	829.5	14.5	842.6
	Pension funds	4.8	300.6	2.9	303.4	-2.5	300.8
	Households	5.9	1,780.2	63.7	1,843.8	54.2	1,897.9
Bonds	1.8	681.0	8.8	683.3	14.3	688.0
Shares and equities	-0.1	831.8	-0.9	841.8	2.7	828.0
Other liabilities	-255.3	873.1	-100.4	863.7	-161.3	879.9

Total financial assets of ADIs increased $117.4b, with a:

$84.3b increase in loans

This was partly offset by:

$8.3b decrease in bonds

Growth in ADI lending activity continued to be driven by loans to households and businesses. Housing loans increased across owner-occupied and investment types this quarter. ADIs decreased their holdings of bonds, particularly those issued by national general government.

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)
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	22.4	-5.6
Jun-24	32.7	-103.3	-14.2	146.9	-60.2	79.4	3.3	-19.0
Sep-24	84.5	11.3	4.5	-19.1	-5.4	82.5	15.4	-3.7
Dec-24	253.6	17.8	1.5	-3.0	109.4	121.7	5.1	0.2
Mar-25	-99.3	-26.5	8.0	23.3	-127.2	31.3	-10.4	2.2
Jun-25	102.5	3.8	-14.0	33.7	5.4	48.0	22.5	3.0
Sep-25	46.2	-18.7	-5.4	-7.7	-16.6	93.2	-5.4	6.8
Dec-25	117.4	0.9	22.6	-8.3	12.9	84.3	8.9	-5.9

Change in authorised deposit taking institutions' assets

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

[["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","Dec-25"],[[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],[32.7],[84.5],[253.6],[-99.3],[102.5],[46.2],[117.4]],[[-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],[3.8],[-18.7],[0.9]],[[-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],[4.5],[1.5],[8],[-14],[-5.4],[22.6]],[[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],[33.7],[-7.7],[-8.3]],[[-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],[12.9]],[[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],[31.3],[48],[93.2],[84.3]],[[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],[22.4],[3.3],[15.4],[5.1],[-10.4],[22.5],[-5.4],[8.9]],[[-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],[-5.9]]]

[]

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Liabilities of ADIs increased $96.8b, with a:

$89.6b increase in deposits, and
$4.7b increase in bonds.

This was partly offset by a:

$13.7b decrease in shares and equities.

Growth in ADI deposits was primarily driven by households and rest of world. Weak performance in the domestic share market over the quarter led to a fall 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)
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	102.9	60.9	-15	23.9	-5.1	2.5	42.1	-6.4
Dec-24	288.1	137.1	16.7	38.6	63.8	15.8	20.9	-4.8
Mar-25	-118.5	5.9	-16.3	15.1	-98.5	-3.6	-28.2	7.2
Jun-25	190.8	89.7	-8.5	1.5	27.9	-14.8	94.6	0.3
Sep-25	78	75.2	12.5	2.3	-21.5	-4.1	10	3.6
Dec-25	96.8	89.6	-7.6	4.7	22.6	4	-13.7	-2.7

Change in authorised deposit taking institutions' liabilities

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

[["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","Dec-25"],[[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],[102.9],[288.1],[-118.5],[190.8],[78],[96.8]],[[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],[5.9],[89.7],[75.2],[89.6]],[[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],[-16.3],[-8.5],[12.5],[-7.6]],[[-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],[4.7]],[[-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],[22.6]],[[-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],[-14.8],[-4.1],[4]],[[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],[42.1],[20.9],[-28.2],[94.6],[10],[-13.7]],[[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],[-2.7]]]

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Pension (superannuation) funds

Financial assets

Pension (superannuation) funds' selected financial assets, $b
	Transactions, Jun-25	Amounts outstanding, Jun-25	Transactions, Sep-25	Amounts outstanding, Sep-25	Transactions, Dec-25	Amounts outstanding, Dec-25
Total assets	32.3	3,692.9	28.0	3,852.6	19.5	3,901.4
Deposits	5.9	311.1	4.6	315.5	-4.7	310.5
Debt securities	20.3	263.4	6.9	271.0	-6.6	261.0
Shares and equity	7.0	3,055.7	25.4	3,206.7	34.8	3,264.8
	Other private non-fin corps	0.5	518.3	-1.7	549.7	1.1	550.8
	Non-money market investment funds	-0.9	1,115.8	13.8	1,180.1	9.6	1,201.6
	Rest of world	1.7	772.9	8.9	817.3	20.0	856.5
Net equity in life offices	-1.2	11.2	-0.5	11.0	-0.6	10.5
Other assets	0.4	51.5	-8.4	48.4	-3.5	54.6

Liabilities

Pension (superannuation) funds' selected liabilities, $b
	Transactions, Jun-25	Amounts outstanding, Jun-25	Transactions, Sep-25	Amounts outstanding, Sep-25	Transactions, Dec-25	Amounts outstanding, Dec-25
Total liabilities	33.7	3,972.2	24.4	4,135.4	20.4	4,190.6
Net equity in reserves	40.4	3,912.2	27.7	4,079.4	24.5	4,132.6
	Households	40.1	3,902.6	27.5	4,068.9	24.2	4,121.6
Other liabilities	-6.7	60.0	-3.3	56.0	-4.1	57.9

Total financial assets of pension (superannuation funds) increased by 1.3% ($48.8b), with a:

$58.0b increase in shares and equity

Growth in the value of shares and equity held by pension funds was driven by acquisitions of units in unlisted non-money market investment funds and overseas shares as well as holding gains on these financial assets. The acquisition of equity assets was funded through member contributions and the partial sell off of domestic fixed interest assets.

Pension funds' financial assets
	Total assets (RHS) ($b)	Revaluations (LHS) ($b)	Transactions (LHS) ($b)
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	3,143.4	123.0	11.3
Mar-24	3,286.8	123.4	20.1
Jun-24	3,302.2	-14.7	30.1
Sep-24	3,446.6	127.2	17.1
Dec-24	3,534.7	75.7	12.5
Mar-25	3,489.1	-50.0	4.4
Jun-25	3,692.9	171.5	32.3
Sep-25	3,852.6	131.7	28.0
Dec-25	3,901.4	29.3	19.5

Pension funds' financial assets

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

[["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","Dec-25"],[[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],[3143.4],[3286.8],[3302.2],[3446.6],[3534.7],[3489.1],[3692.9],[3852.6],[3901.4]],[[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],[123],[123.4],[-14.7],[127.2],[75.7],[-50],[171.5],[131.7],[29.3]],[[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],[11.3],[20.1],[30.1],[17.1],[12.5],[4.4],[32.3],[28],[19.5]]]

[]

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Government

National general government financial assets

National general government selected financial assets, $b
	Transactions, Jun-25	Amounts outstanding, Jun-25	Transactions, Sep-25	Amounts outstanding, Sep-25	Transactions, Dec-25	Amounts outstanding, Dec-25
Total assets	-30.6	788.4	-1.5	793.0	-16.2	779.8
Deposits	-19.4	132.9	2.4	135.0	-20.3	114.5
	Central bank	-23.9	88.2	4.4	92.6	-21.1	71.5
	Authorised deposit taking institutions	3.7	32.2	-0.6	31.5	1.1	32.5
One name paper	5.3	24.7	2.5	26.9	-1.1	25.5
Shares and equity	-1.2	247.2	2.8	257.3	5.7	266.3
Other assets	-15.2	383.6	-9.2	373.7	-0.5	373.6

National general government liabilities

National general government selected liabilities, $b
	Transactions, Jun-25	Amounts outstanding, Jun-25	Transactions, Sep-25	Amounts outstanding, Sep-25	Transactions, Dec-25	Amounts outstanding, Dec-25
Total liabilities	-19.4	1,423.8	36.2	1,460.8	1.6	1,440.8
One name paper	-9.2	32.8	-6.2	26.6	19.4	46.0
Bonds	-15.0	866.1	37.2	901.3	-14.3	861.8
	Central bank	-17.2	210.8	1.5	212.2	-17.9	188.1
	Authorised deposit taking institutions	17.6	143.6	5.6	149.1	-16.5	128.3
	Rest of world	-14.1	405.2	31.2	435.2	18.3	442.2
Other liabilities	4.8	524.9	5.2	532.8	-3.4	533.0

State and local general government financial assets

State and local general government selected financial assets, $b
	Transactions, Jun-25	Amounts outstanding, Jun-25	Transactions, Sep-25	Amounts outstanding, Sep-25	Transactions, Dec-25	Amounts outstanding, Dec-25
Total assets	-2.0	730.1	8.8	742.9	-10.1	749.8
Deposits	-3.0	86.0	7.5	93.4	-2.7	90.7
Loans and placements	3.6	78.2	1.1	79.4	-5.6	73.7
Shares and equity	-2.3	531.7	-1.9	533.8	-0.8	550.1
	State and local PNFCs	0.0	420.5	0.0	420.1	0.0	424.6
	Other private non-fin corps	-0.4	41.8	-0.5	41.9	-0.2	41.7
Other assets	-0.2	34.2	2.1	36.4	-1.0	35.2

State and local general government liabilities

State and local general government selected liabilities, $b
	Transactions, Jun-25	Amounts outstanding, Jun-25	Transactions, Sep-25	Amounts outstanding, Sep-25	Transactions, Dec-25	Amounts outstanding, Dec-25
Total liabilities	12.2	684.4	29.9	711.3	17.2	724.4
Loans and placements	9.4	475.6	26.7	502.3	17.3	519.6
	Central borrowing authorities	9.1	455.9	27.3	483.2	18.1	501.4
Unfunded superannuation claims	0.6	106.3	0.6	103.9	0.6	100.6
Other liabilities	2.2	102.6	2.6	105.1	-0.7	104.2

General government

General government (national, and state) were net borrowers of $45.2b. This was driven by a:

$23.1b draw down of deposits
$22.1b net borrowing of loans
$20.0b net issuance of one name paper liabilities

Partly offset by:

$12.6b net maturities of bond liabilities

Loan liabilities of state and local general government reached record levels of $519.6b 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)
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	-27.3	-8.0	4.8	-15.4	-12.3	3.6
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	-41.4	11.9	0.6	-27.6	-22.6	-3.7
Dec-24	-41.5	-38.1	-8.1	24.0	-19.1	-0.2
Mar-25	-19.1	38.3	-17.7	-21.1	-3.0	-15.6
Jun-25	-25.4	-22.4	14.3	14.4	-5.8	-25.9
Sep-25	-58.8	9.8	8.7	-37.7	-35.2	-4.4
Dec-25	-45.2	-23.1	-20.0	12.6	-22.1	7.3

General government's change in financial position

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

[["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","Dec-25"],[[-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],[-27.3],[-7.3],[-15.2],[-41.4],[-41.5],[-19.1],[-25.4],[-58.8],[-45.2]],[[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],[-23.1]],[[-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],[-20]],[[-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],[14.4],[-37.7],[12.6]],[[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],[-35.2],[-22.1]],[[-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],[3.6],[-1],[-21.2],[-3.7],[-0.2],[-15.6],[-25.9],[-4.4],[7.3]]]

[]

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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 $2.9b to $21.4b this quarter.

This was driven by a:

$3.4b increase in change in inventories
$2.7b increase in gross fixed capital formation

and was partly offset by a:

$1.4b increase in net savings

National net lending (+) / borrowing (-), relative to GDP, seasonally adjusted
	Net lending / net borrowing relative to GDP (%)
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	2.4
Sep-20	1.2
Dec-20	2.0
Mar-21	2.7
Jun-21	3.0
Sep-21	3.3
Dec-21	0.2
Mar-22	-0.2
Jun-22	1.5
Sep-22	-0.7
Dec-22	0.5
Mar-23	0.2
Jun-23	-0.3
Sep-23	-1.3
Dec-23	-0.3
Mar-24	-1.6
Jun-24	-2.4
Sep-24	-2.4
Dec-24	-2.6
Mar-25	-2.5
Jun-25	-2.4
Sep-25	-2.6
Dec-25	-2.9

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

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

[["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","Dec-25"],[[-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],[2.4],[1.2],[2],[2.7],[3],[3.3],[0.2],[-0.2],[1.5],[-0.7],[0.5],[0.2],[-0.3],[-1.3],[-0.3],[-1.6],[-2.4],[-2.4],[-2.6],[-2.5],[-2.4],[-2.6],[-2.9]]]

[]

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National net borrowing as a proportion of GDP increased this quarter, driven by an increase in change in inventories.

Financial corporations' net lending increased by $5.5b to $10.8b.
Non-financial corporations' net borrowing increased by $2.1b to $15.5b.
General government net borrowing decreased by $8.3b to $30.3b.
Households' net lending decreased by $8.3b to $17.6b.

Notable drivers included the following:

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

Net lending (+) / borrowing (-), by sector, seasonally adjusted
	Non-financial corporations ($b)	Financial corporations ($b)	General government ($b)	Households ($b)
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	-12.1	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	-10.6	9.4
Mar-15	-21.9	7.2	-8.3	8.2
Jun-15	-21.7	4.9	-7.1	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	-3.1	0.8
Jun-17	-10.7	7.3	-7.8	-0.5
Sep-17	-14.8	7.5	-6.0	-0.4
Dec-17	-15.5	5.2	-6.6	2.1
Mar-18	-14.8	7.6	-6.4	0.7
Jun-18	-21.6	6.3	-4.2	-0.5
Sep-18	-15.5	5.3	-5.8	1.9
Dec-18	-14.7	5.6	-7.5	5.4
Mar-19	-9.9	6.7	-8.2	7.8
Jun-19	-8.0	6.2	-5.2	6.2
Sep-19	-5.3	5.2	-11.8	14.4
Dec-19	-7.9	4.0	-11.9	12.1
Mar-20	-2.7	2.8	-14.6	20.2
Jun-20	24.2	12.0	-95.7	69.6
Sep-20	29.0	2.7	-86.1	61.0
Dec-20	15.4	1.1	-43.2	36.2
Mar-21	5.3	0.5	-26.0	36.1
Jun-21	1.1	1.4	-12.7	26.5
Sep-21	-4.5	4.1	-38.2	58.7
Dec-21	-5.7	-1.6	-26.2	31.7
Mar-22	-2.1	-5.7	-19.3	27.4
Jun-22	6.0	1.8	-15.4	19.3
Sep-22	-6.9	8.2	-17.4	17.8
Dec-22	-20.6	10.1	-6.0	3.6
Mar-23	3.2	5.6	-8.6	0.7
Jun-23	-3.9	8.1	-12.2	-1.8
Sep-23	-7.4	10.1	-10.5	-1.8
Dec-23	-7.6	11.3	-15.8	6.6
Mar-24	-7.8	10.1	-16.0	2.4
Jun-24	-13.4	15.7	-20.0	3.8
Sep-24	-11.6	9.5	-24.1	9.3
Dec-24	-14.2	11.7	-27.9	12.7
Mar-25	-11.6	6.3	-31.2	18.3
Jun-25	-13.4	12.9	-26.1	14.8
Sep-25	-13.4	5.3	-38.6	25.8
Dec-25	-15.5	10.8	-30.3	17.6

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

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

[["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","Dec-25"],[[-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],[-14.8],[-15.5],[-14.8],[-21.6],[-15.5],[-14.7],[-9.9],[-8],[-5.3],[-7.9],[-2.7],[24.2],[29],[15.4],[5.3],[1.1],[-4.5],[-5.7],[-2.1],[6],[-6.9],[-20.6],[3.2],[-3.9],[-7.4],[-7.6],[-7.8],[-13.4],[-11.6],[-14.2],[-11.6],[-13.4],[-13.4],[-15.5]],[[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],[5.3],[5.6],[6.7],[6.2],[5.2],[4],[2.8],[12],[2.7],[1.1],[0.5],[1.4],[4.1],[-1.6],[-5.7],[1.8],[8.2],[10.1],[5.6],[8.1],[10.1],[11.3],[10.1],[15.7],[9.5],[11.7],[6.3],[12.9],[5.3],[10.8]],[[-11.6],[-14.1],[-4.3],[-12.1],[-11.5],[-12.3],[-8.6],[-10.2],[-10.6],[-8.3],[-7.1],[-7.3],[-7.2],[-10.8],[-11.6],[-11.2],[-5.7],[-3.1],[-7.8],[-6],[-6.6],[-6.4],[-4.2],[-5.8],[-7.5],[-8.2],[-5.2],[-11.8],[-11.9],[-14.6],[-95.7],[-86.1],[-43.2],[-26],[-12.7],[-38.2],[-26.2],[-19.3],[-15.4],[-17.4],[-6],[-8.6],[-12.2],[-10.5],[-15.8],[-16],[-20],[-24.1],[-27.9],[-31.2],[-26.1],[-38.6],[-30.3]],[[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],[0.7],[-0.5],[1.9],[5.4],[7.8],[6.2],[14.4],[12.1],[20.2],[69.6],[61],[36.2],[36.1],[26.5],[58.7],[31.7],[27.4],[19.3],[17.8],[3.6],[0.7],[-1.8],[-1.8],[6.6],[2.4],[3.8],[9.3],[12.7],[18.3],[14.8],[25.8],[17.6]]]

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Capital Investment

National capital investment decreased to 24.5% as a proportion of GDP, while increasing 1.5% in current price seasonally adjusted terms.

Relative to GDP:

Household capital investment remained at 8.1%
Non-financial corporations' capital investment fell to 11.8%
Financial corporations' capital investment remained at 0.6%
General government capital investment remained at 3.9%

In current price seasonally adjusted terms:

Non-financial corporations' capital investment rose, driven by an increase in private 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)
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	45.8	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	21.9	47.0
Mar-22	62.8	3.1	22.6	48.7
Jun-22	65.3	3.2	23.7	48.6
Sep-22	67.0	3.4	23.9	49.2
Dec-22	68.2	3.4	24.4	49.7
Mar-23	71.2	3.5	25.3	50.1
Jun-23	74.9	3.6	26.9	51.9
Sep-23	77.6	3.7	27.5	50.8
Dec-23	79.5	3.7	26.8	50.4
Mar-24	79.4	3.7	26.8	51.2
Jun-24	80.7	3.8	27.0	53.0
Sep-24	81.5	3.9	28.5	53.9
Dec-24	82.2	3.9	28.1	54.4
Mar-25	83.1	4.0	28.4	55.0
Jun-25	83.3	4.0	27.0	55.9
Sep-25	86.3	4.2	28.0	58.1
Dec-25	86.6	4.2	28.6	59.4

Gross fixed capital formation, by sector, seasonally adjusted

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

[["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","Dec-25"],[[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],[45.8],[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],[68.2],[71.2],[74.9],[77.6],[79.5],[79.4],[80.7],[81.5],[82.2],[83.1],[83.3],[86.3],[86.6]],[[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],[3.9],[4],[4],[4.2],[4.2]],[[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],[21.9],[22.6],[23.7],[23.9],[24.4],[25.3],[26.9],[27.5],[26.8],[26.8],[27],[28.5],[28.1],[28.4],[27],[28],[28.6]],[[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],[50.1],[51.9],[50.8],[50.4],[51.2],[53],[53.9],[54.4],[55],[55.9],[58.1],[59.4]]]

[]

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Data downloads

Time series spreadsheets

Download all (10.94 MB)

Data files

TABLE 1. Credit Market Outstandings ($ million)
Download xlsx [277.93 KB]
TABLE 2. Demand for Credit ($ million)
Download xlsx [259.24 KB]
TABLE 3. National Capital Account, Current prices ($ million)
Download xlsx [81.37 KB]
TABLE 4. National Financial Assets and Liabilities ($ million)
Download xlsx [106.79 KB]
TABLE 5. Non-Financial Corporations Capital Account, Current prices ($ million)
Download xlsx [79.13 KB]
TABLE 6. Financial Assets and Liabilities of Non-Financial Corporations ($ million)
Download xlsx [392.12 KB]
TABLE 7. Private Non-Financial Corporations Capital Account, Current prices ($ million)
Download xlsx [75.62 KB]
TABLE 8. Financial Assets and Liabilities of Private Non-Financial Corporations ($ million)
Download xlsx [387.48 KB]
TABLE 9. Financial Assets and Liabilities of Private Non-Financial Investment Funds ($ million)
Download xlsx [237.36 KB]
TABLE 10. Financial Assets and Liabilities of Other Private Non-Financial Corporations ($ million)
Download xlsx [392.58 KB]
TABLE 11. Public Non-Financial Corporations Capital Account, Current prices ($ million)
Download xlsx [74.43 KB]
TABLE 12. Financial Assets and Liabilities of Public Non-Financial Corporations ($ million)
Download xlsx [271.99 KB]
TABLE 13. Financial Corporations Capital Account, Current prices ($ million)
Download xlsx [74.23 KB]
TABLE 14. Financial Assets and Liabilities of Financial Corporations ($ million)
Download xlsx [363.05 KB]
TABLE 15. Financial Assets and Liabilities of the Central Bank ($ million)
Download xlsx [166.73 KB]
TABLE 16. Financial Assets and Liabilities of Authorised Deposit taking Institutions ($ million)
Download xlsx [501.07 KB]
TABLE 17. Financial Assets and Liabilities of Other Broad Money Institutions ($ million)
Download xlsx [327 KB]
TABLE 18. Financial Assets and Liabilities of Pension Funds ($ million)
Download xlsx [229.93 KB]
TABLE 19. Pension Funds - Self-Managed Superannuation Funds Balance Sheet ($ million)
Download xlsx [72.39 KB]
TABLE 20. Financial Assets and Liabilities of Life Insurance Corporations ($ million)
Download xlsx [306.86 KB]
TABLE 21. Financial Assets and Liabilities of Non-Life Insurance Corporations ($ million)
Download xlsx [304.78 KB]
TABLE 22. Financial Assets and Liabilities of Money Market Financial Investment Funds ($ million)
Download xlsx [146.81 KB]
TABLE 23. Financial Assets and Liabilities of Non-Money Market Financial Investment Funds ($ million)
Download xlsx [284.97 KB]
TABLE 24. Financial Assets and Liabilities of Central Borrowing Authorities ($ million)
Download xlsx [268.31 KB]
TABLE 25. Financial Assets and Liabilities of Securitisers ($ million)
Download xlsx [209.92 KB]
TABLE 26. Financial Assets and Liabilities of Other Financial Corporations ($ million)
Download xlsx [329.57 KB]
TABLE 27. General Government Capital Account, Current prices ($ million)
Download xlsx [78.58 KB]
TABLE 28. Financial Assets and Liabilities of General Government ($ million)
Download xlsx [312.18 KB]
TABLE 29. National General Government Capital Account, Current prices ($ million)
Download xlsx [77.84 KB]
TABLE 30. Financial Assets and Liabilities of National General Government ($ million)
Download xlsx [288.35 KB]
TABLE 31. State and Local General Government Capital Account, Current prices ($ million)
Download xlsx [77.9 KB]
TABLE 32. Financial Assets and Liabilities of State and Local General Government ($ million)
Download xlsx [196.25 KB]
TABLE 33. Household Capital Account, Current prices ($ million)
Download xlsx [77.94 KB]
TABLE 34. Financial Assets and Liabilities of Households ($ million)
Download xlsx [261.38 KB]
TABLE 35. Household Balance Sheet, Current prices ($ billion)
Download xlsx [81.28 KB]
TABLE 36. Analytical Measures of Household Income, Consumption, Saving and Wealth, Current prices ($ billion)
Download xlsx [67.86 KB]
TABLE 37. Rest of World Capital Account, Current prices ($ million)
Download xlsx [66.82 KB]
TABLE 38. Financial Assets and Liabilities of Rest of World ($ million)
Download xlsx [472.82 KB]
TABLE 39. The Currency Market ($ million)
Download xlsx [81.43 KB]
TABLE 40. The Transferable Deposits Market ($ million)
Download xlsx [117.58 KB]
TABLE 41. The Other Deposits Market ($ million)
Download xlsx [128.37 KB]
TABLE 42. The Bills of Exchange Market ($ million)
Download xlsx [107.25 KB]
TABLE 43. The One Name Paper Market ($ million)
Download xlsx [376.42 KB]
TABLE 44. The Bonds Market ($ million)
Download xlsx [479.66 KB]
TABLE 45. The Derivatives and Employee Stock Options Market ($ million)
Download xlsx [194.53 KB]
TABLE 46. The Short Term Loans and Placements Market ($ million)
Download xlsx [161.42 KB]
TABLE 47. The Long Term Loans and Placements Market ($ million)
Download xlsx [366.38 KB]
TABLE 48. The Listed Shares and Other Equity Market ($ million)
Download xlsx [263.57 KB]
TABLE 49. The Unlisted Shares and Other Equity Market ($ million)
Download xlsx [333 KB]
TABLE 50. Accounts Payable/Receivable ($ million)
Download xlsx [402.21 KB]
TABLE 51. Financial Accounts Summary of Authorised Deposit taking Institution Deposits and Lending Split by Household Subsectors ($ million)
Download xlsx [56.55 KB]
TABLE 52. Financial Accounts Summary of Loan Outstandings to Households for Housing by Type of Lending Institution ($ million)
Download xlsx [57.22 KB]
TABLE 53. Nominal Value of Short Term Loans and Placements Market ($ million)
Download xlsx [161.1 KB]
TABLE 54. Nominal Value of Long Term Loans and Placements Market ($ million)
Download xlsx [368.28 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.

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

Scope

Includes national, sectoral and subsectoral financial accounts, capital accounts and balance sheets by financial instruments and counterparties. Key statistics produced are:

Household wealth
Demand for credit
Net lending/borrowing
Capital investment

Geography

The data available includes estimates for Australia.

Source

Data is sourced from the Survey of Financial Information (SFI) and Survey of International Investment (SII). This is supplemented with administrative data from the Australian Prudential Regulation Authority (APRA) and other government agencies.

Collection method

Data is collected quarterly via online surveys directly to the ABS. Additional administrative data is collected from financial institutions via the Australian Prudential Regulation Authority (APRA).

Concepts, sources and methods

The major concepts, definitions, data sources and methods used to prepare the National Accounts estimates are described in the Australian System of National Accounts: Concepts, Sources and Methods.

History of changes

Not applicable to this release.

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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 December quarter 2025

Amounts outstanding at end of December 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)