Household borrowing rose slightly in April, as demand for mortgages grew but demand for personal loans continued to fall.
Figures from the Reserve Bank show household borrowing rose 0.2% on the previous month to $180.3 million.
Housing-related borrowing was 3% higher than in the same month last year, with consumer borrowing falling by about the same amount.
Total borrowing rose 2.7% during the year.
Deutsche Bank chief economist Darren Gibbs says borrowing remains subdued as households continue to try to reduce debt.