As of August 2023, the mean weekly earnings of full-time employees in Australia were 1,885.6 Australian dollars. This is an increase of 62 Australian dollars a week.

In 2022, the average annual wage had reached 59,408 U.S. dollars in Australia. Since 2000, the average wage in Australia has increased by around 10,000 U.S. dollars. Since 2011, the average wage in Australia has remained fairly stagnant.

Between 1975 and 2023, the mean weekly earnings of male full-time employees in Australia have exceeded those of their female equivalents. In August 2023, at 1,991.2 Australian dollars, the mean weekly earnings of a male full-time employee in Australia was 257 Australian dollars more than an equivalent female's weekly earnings, at 1734.2 Australian dollars.

Wages in Australia increased to 1510.90 AUD/Week in the fourth quarter of 2024 from 1480.90 AUD/Week in the second quarter of 2024. This dataset provides - Australia Average Weekly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Dentistry graduates in Australia received a median salary of approximately 100 thousand Australian dollars, making this profession the highest earning of all study areas in the country in 2022. Despite high employment rates, pharmacy graduates received the lowest median salary at around 52.2 thousand Australian dollars per year.

This dataset presents aggregated data regarding employee jobs and median employee income per job, classified by industry subdivision at Statistical Area Level 2 (SA2). The data spans over the 2017-18 financial year and is aggregated to the 2016 SA2 boundaries.

Jobs in Australia provide aggregate statistics and are sourced from the Linked Employer-Employee Dataset (LEED). It provides new information about filled jobs in Australia, the people who hold them, and their employers. An 'employee Job' refers to a job for which the occupant receives remuneration in wages, salary, payment in kind, or piece rates. This excludes self-employment jobs held by Owner-Managers of Unincorporated Enterprises (OMUE).

The job counts in this release differ from the filled job estimates from other sources such as the Australian Labour Account and the Labour Force Australia. The Jobs in Australia release provides insights into all jobs held throughout the year, while the Labour Account data provides the number of filled jobs at a point-in-time each quarter (and annually for the financial year reference period), and Labour Force Survey data measures the number of people employed each month.

For more information on the release please visit the Australian Bureau of Statistics

This release provides statistics on the number and nature of jobs, the people who hold them, and their employers. These statistics can be used to understand regional labour markets or to identify the impact of major changes in local communities. The release also provides new insights into the number of jobs people hold, the duration of jobs, and the industries and employment income of concurrent jobs.

The scope of these data includes individuals who submitted an individual tax return to the Australian Taxation Office (ATO), individuals who had a Pay As You Go (PAYG) payment summary issued by an employer and their employers.

AURIN has spatially enabled the original data. The following additional changes were made:

• Where data was not published for confidential reasons, "np" in the original data, the records have been set to null.

• Total values may be higher than the sum of the published components due to this confidentialisation.

With a median salary of around 84 thousand Australian dollars in 2019, female dentistry graduates in Australia received the highest salary of all recent female university leavers. Pharmacy students received the lowest salary in the same year, with female graduates in this field reporting a salary of under 50 thousand Australian dollars.

Between December 2022 and December 2023, wages in Australia grew by around 4.2 percent. Wage growth in recent years has been relatively low in comparison to previous years, in particular in December 2020, which only saw a wage growth of 1.3%. Inflation and CPI outstripping wages While wages have increased in Australia, they have still not matched the rate of inflation, which was sitting at 4.1 percent at the end of 2023, down from a high of 7.8 percent at the end of the previous year. The high cost of goods has also put pressure on the public, with the Consumer Price Index standing at around 136 points, compared to a base year of 2011-12. Rent is on the rise As with many around the world, Australians are also feeling the costs of rent increases. The majority of people in Australia perceive that the cost of rent has risen significantly in their local area. This in turn has seen the government expenditure on rental assistance continue to be high, with around 4.7 billion Australian dollars spent to assist the Australian public in maintaining their housing needs.

Male dentistry graduates in Australia received a median salary of over 100 thousand Australian dollars in 2018. The next highest earning study area was medicine, with male graduates in this field earning around 73 thousand Australian dollars.

As of August 2023, the median hourly earnings of employees in Australia were 39.5 Australian dollars. Since August 2000, the median hourly earnings of employees in Australia have increased by over 23 Australian dollars.

The median full-time salary of dentistry graduates with postgraduate coursework-based degrees in Australia was almost 110 thousand Australian dollars in 2018. Business and management postgraduate degree holders followed closely behind with an annual salary of 108 thousand Australian dollars.

The house price-to-income ratio in Australia was 122.1 as of the third quarter of 2024. This ratio, calculated by dividing nominal house prices by nominal disposable income per head, increased from the previous quarter. The price-to-income ratio can be used to measure housing affordability in a specific area. Australia's property bubble There has been considerable debate over the past decade about whether Australia is in a property bubble or not. A property bubble refers to a sharp increase in the price of property that is disproportional to income and rental prices, followed by a decline. In Australia, rising house prices have undoubtedly been an issue for many potential homeowners, pricing them out of the market. Along with the average house price, high mortgage interest rates have exacerbated the issue. Is the homeownership dream out of reach? Housing affordability has varied across the different states and territories in Australia. In 2024, the median value of residential houses was the highest in Sydney compared to other major Australian cities, with Brisbane becoming an increasingly expensive city. Nonetheless, expected interest rate cuts in 2025, alongside the expansion of initiatives to improve Australia's dwelling stock, social housing supply, and first-time buyer accessibility to properties, may start to improve the situation. These encompass initiatives such as the Australian government's Help to Buy scheme and the Housing Australia Future Fund Facility (HAFFF) and National Housing Accord Facility (NHAF) programs.

As of July 1, 2023, the national hourly minimum wage in Australia was 23.23 Australian dollars. This represents an increase of three dollars and thirty-nine cents compared to 2020, and continues the pattern of year on year growth. The hourly national minimum wage has increased by just under five Australian dollars since 2017.