Commonwealth Bank Raises Alarm Over Surging Home Loan Demand

Speaking at a recent parliamentary hearing, Comyn noted that current credit growth rates might surpass sustainable levels as viewed by regulators. Data from the Australian Bureau of Statistics indicates that new loan commitments for dwellings rose by 6.4% in the third quarter of 2025. Additionally, the Reserve Bank of Australia reported that total housing credit growth has exceeded post-global financial crisis levels, driven by heightened investor activity spurred by low interest rates.

CBA led mortgage growth among Australian banks, expanding its mortgage portfolio by 6% to A$664.7 billion in the fiscal year ending June 30. Despite this growth, Comyn anticipates a cooling in housing demand due to subdued expectations for interest rate cuts, projecting that the cash rate will likely remain at 3.6% through 2026 because of persistent inflation.

For individuals with limited or poor credit histories, this environment underscores the importance of exploring alternative financing options. No credit check loans can provide a viable solution, offering faster approval processes and greater accessibility. However, borrowers should remain vigilant about the terms and conditions associated with such loans to ensure they align with their financial capabilities and goals.