Private Credit Pulse
Archer Wealth's quarterly reading of Australian private credit. Published every quarter, citable with attribution.
Edition: Q2 2026 · Published 2026-06-10 · Next edition Q3 2026
Where the quarter's demand concentrated
Three patterns dominated broker-originated enquiry this quarter. Bridging remained the highest-velocity product: settle-before-sale chains and refinance gaps where bank credit timelines could not match a contracted date. Second mortgages grew on the back of borrowers preserving fixed-rate first mortgages written below current variable rates; releasing equity behind the first beats refinancing it away. Self-employed first mortgages continued to arrive where bank serviceability calculators reject profitable businesses on income-evidence formatting rather than substance.
The pricing envelope this quarter
- Residential first mortgage: from 6.99% p.a. on prime metro security at conservative LVR.
- Flagship first mortgage (Edge): from 7.85% p.a., 6-24 month terms.
- Commercial first mortgage: from 7.99% p.a.
- Bridging establishment fee: from 1.25% of the facility.
- Combined-LVR ceiling on prime residential second mortgages: 80%.
Full figures, with LVR caps by security type and settlement timing, live on the statistics page, reviewed quarterly alongside this Pulse.
Settlement speed
Indicative terms continued to turn around same business day on clean scenarios. Settlement on cleaner files landed within 5 business days including valuation and legals; the Rapid product held its 3-day target on property-secured facilities between $100k and $2m. Complex files, commercial security, first-mortgage consents on seconds, development drawdown set-up, ran 1 to 3 weeks.
Market context
Australian private credit kept growing as bank balance sheets stayed retrenched from short-dated and non-standard lending. The Reserve Bank of Australia tracks the sector in its Financial Stability Review, and ASIC has an active program of work on private market lending practices. For the asset-class primer, see private credit in Australia.
Coming in the next edition
From Q3 2026 the Pulse adds anonymized portfolio analytics: median days from submission to settlement, deal mix by state and security type, LVR distribution across the book, and exit-type breakdown. Same rule as everything Archer Wealth publishes: real figures, signed off by the credit team, or nothing.
Citing the Pulse
Attribute to "Archer Wealth Private Credit Pulse, Q2 2026" and link this URL. For interviews or figures not published here, the media page has the boilerplate, bio and contact route.