In 2024–25 Personal Property Securities registrations reached approximately $450 billion, underpinning Australia's credit system and giving everyday Australians confidence in purchasing assets.
Insights from AFSA's report show that in 2024–25:
- There were 2.2 million new PPSR registrations, bringing the total to over 10.7 million active registrations.
- More than 13.1 million searches were conducted.
- Motor vehicles comprise 69.0% of all new registrations.
- Everyday users account for just 9.4% of searches.
- Searches have grown 5.6% per year on average in recent years.
The Australian Financial Security Authority (AFSA) today released its State of the Personal Property Securities System (PPSS) Report 2024–25, showing continued growth in registrations and search activity on the Personal Property Securities Register (PPSR).
The PPSR holds registrations with an estimated economic value of around $450 billion, or approximately 16% of Australia's GDP.
Australia's PPSS is the backbone of secured credit. The PPSR acts as a national record of what assets are registered to secure certain debts, who holds the associated rights, and captures interests linked to secured payment obligations including leases, licensing and intellectual property use. This clarity protects consumers and lenders and builds confidence in buying and selling personal property.
In 2024–25, there were 2.2 million new registrations, reflecting a 2.2% increase on the previous year and taking the total to over 10.7 million active registrations. Searches rose to more than 13.1 million, with motor vehicles remaining the most searched collateral class, accounting for 55% of all searches.
Everyday buyers, who are most at risk of financial loss, are embracing the protection the PPSR provides — over the past decade, searches by everyday buyers have grown an average of 12.8% per year, suggesting increasing public awareness and reliance on the PPSR for everyday transactions.
After strong growth in last year's report, PPSR activity has started to reflect a drop in demand for motor-vehicle-related loans since late 2024.
With unemployment anticipated to rise in the next year, demand for motor vehicles and other durable goods may continue to decline.
Australian Financial Security Authority (AFSA) Chief Executive, Tim Beresford, said:
'The PPSR is essential credit infrastructure. It helps Australians buy and sell, borrow and lend with confidence.
'With over 10.7 million registrations and secured interests carrying a potential economic value of around $450 billion, approximately 16% of Australia's GDP, the system continues to protect consumers and lenders and support the proper functioning of the economy.
'In 2025–26 we're focused on keeping the register accurate and up to date. A key priority is making sure users remove registrations promptly once a loan is repaid.
'We'll work closely with financial institutions, PPSR users and other stakeholders to lift practices across the board.'
Over recent years, total searches have grown at an average of 5.6% annually. AFSA continues to encourage Australians to use the $2 PPSR search to check for undisclosed debts on vehicles or other assets before buying.
The PPSR search is a $2 government tool that lets buyers instantly check if there's finance registered against a vehicle. Usage is strong and growing. However, awareness among everyday buyers isn't universal.
Each year, thousands of Australians buy used cars without realising they could lose both the vehicle and their money. If there's still finance owing, the lender can repossess the vehicle. A simple $2 search can help avoid buying a car with debt, a written-off vehicle or falling for a dodgy deal.
Read the report State of the Personal Property Securities System 2024–25.
