Wages in Australia increased 3.40 percent in March of 2025 over the same month in the previous year. This dataset provides - Australia Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

Average Annualised Wage Increases: Federal Agreement: Current: South Australia data was reported at 4.200 % in Dec 2024. This records an increase from the previous number of 4.100 % for Sep 2024. Average Annualised Wage Increases: Federal Agreement: Current: South Australia data is updated quarterly, averaging 3.650 % from Mar 2005 (Median) to Dec 2024, with 80 observations. The data reached an all-time high of 4.900 % in Dec 2005 and a record low of 2.500 % in Sep 2022. Average Annualised Wage Increases: Federal Agreement: Current: South Australia data remains active status in CEIC and is reported by Department of Employment and Workplace Relations. The data is categorized under Global Database’s Australia – Table AU.G107: Average Annualized Wage Increases: Federal Agreement: by State.

Wages in Manufacturing in Australia increased to 1740.70 AUD/Week in the fourth quarter of 2024 from 1668.60 AUD/Week in the second quarter of 2024. This dataset provides - Australia Average Weekly Wages In Manufacturing - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, the average annual wage in Australia had reached ******* Australian dollars. Since 2000, the average wage in Australia has increased by around ****** Australian dollars. Since 2018, the average wage in Australia has remained fairly stagnant.

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.

Minimum Wages in Australia increased to 948 AUD/week in 2025 from 915.90 AUD/week in 2024. This dataset provides - Australia Minimum Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Australia Monthly Earnings

• Australia Monthly Earnings stood at 4,026 USD in Nov 2024, compared with the previous figure of 3,903 USD in May 2024
• Australia Monthly Earnings data is updated semiannually, available from May 2012 to Nov 2024, with an average number of 3,740 USD
• The data reached the an all-time high of 4,560 USD in May 2013 and a record low of 3,344 USD in Nov 2015

CEIC calculates Monthly Earnings from Average Weekly Earnings multiplied by 4 and converts it into USD. The Australian Bureau of Statistics provides Average Weekly Earnings in local currency. Federal Reserve Board average market exchange rate is used for currency conversions. Monthly Earnings are in biannual frequency, ending in May and November of each year.


Further information about Australia Monthly Earnings

• In the latest reports, Australia Population reached 27 million people in Dec 2023
• Unemployment Rate of Australia increased to 4 % in Jan 2025
• The country's Labour Force Participation Rate dropped to 67 % in Jan 2025

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.

In the financial year 2024, the total value of wages and salaries in the mining industry in Australia amounted to approximately 38.39 billion Australian dollars. A consistent increase in wages for the mining industry has been observed since the financial year 2017.

Australia Average Annualised Wage Increases: Current: By ANZSIC 2006: Information Media & Telecommunications data was reported at 3.011 % in Dec 2024. This records an increase from the previous number of 2.907 % for Sep 2024. Australia Average Annualised Wage Increases: Current: By ANZSIC 2006: Information Media & Telecommunications data is updated quarterly, averaging 3.319 % from Dec 1991 (Median) to Dec 2024, with 133 observations. The data reached an all-time high of 5.670 % in Mar 1993 and a record low of 0.000 % in Jun 1992. Australia Average Annualised Wage Increases: Current: By ANZSIC 2006: Information Media & Telecommunications data remains active status in CEIC and is reported by Department of Employment and Workplace Relations. The data is categorized under Global Database’s Australia – Table AU.G104: Average Annualized Wage Increases: ANZSIC.

The house price-to-income ratio in Australia was ***** as of the fourth 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.

This dataset provides values for WAGE GROWTH reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Australia GDP: sa: Compensation of Employees: Wages & Salaries data was reported at 295,889.000 AUD mn in Dec 2024. This records an increase from the previous number of 290,143.000 AUD mn for Sep 2024. Australia GDP: sa: Compensation of Employees: Wages & Salaries data is updated quarterly, averaging 94,610.000 AUD mn from Sep 1983 (Median) to Dec 2024, with 166 observations. The data reached an all-time high of 295,889.000 AUD mn in Dec 2024 and a record low of 24,121.000 AUD mn in Sep 1983. Australia GDP: sa: Compensation of Employees: Wages & Salaries data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.A070: SNA08: Gross Domestic Product: by Income: Current Price: Seasonally Adjusted.

As of August 2023, the median weekly earnings of employees in Australia were 1,300 Australian dollars. Since August 1975, the median weekly earnings of employees in Australia have increased more than ten-fold.

Key information about Australia Household Income per Capita

• Australia Annual Household Income per Capita reached 30,914.027 USD in Jun 2020, compared with the previous value of 34,767.371 USD in Jun 2018.
• Australia Annual Household Income per Capita data is updated yearly, available from Jun 1995 to Jun 2020, with an averaged value of 25,207.153 USD.
• The data reached an all-time high of 43,819.349 USD in Jun 2012 and a record low of 15,753.318 USD in Jun 2001.
• In the latest reports, Retail Sales of Australia grew 4.217 % YoY in May 2023.

CEIC calculates Annual Household Income per Capita from annual Weekly Average Household Income multiplied by 52, annual Number of Household and quarterly Total Population and converts it into USD. The Australian Bureau of Statistics provides Average Household Income in local currency, Number of Household and Total Population. Federal Reserve Board average market exchange rate is used for currency conversions. Household Income per Capita is in annual frequency, ending in June of each year. Household Income per Capita prior to 2008 based on 2017-2018 price.

Disposable Personal Income in Australia increased to 424884 AUD Million in the first quarter of 2025 from 415014 AUD Million in the fourth quarter of 2024. This dataset provides - Australia Disposable Personal Income - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The rent price index in Australia in the first quarter of 2025 was 122.1, marking an increase from the same quarter of the previous year. Rent prices had decreased in 2020; in Melbourne and Sydney, this was mainly attributed to the absence of international students during the coronavirus outbreak. The current state of the rental market in Australia The rental market in Australia has been marked by varying conditions across different regions. Among the capital cities, Sydney has long been recognized for having some of the highest average rents. As of March 2025, the average weekly rent for a house in Sydney was 775 Australian dollars, which was the highest average rent across all major cities in Australia that year. Furthermore, due to factors like population growth and housing demand, regional areas have also seen noticeable increases in rental prices. For instance, households in the non-metropolitan area of New South Wales’ expenditure on rent was around 30 percent of their household income in the year ending June 2024. Housing affordability in Australia Housing affordability remains a significant challenge in Australia, contributing to a trend where many individuals and families rent for prolonged periods. The underlying cause of this issue is the ongoing disparity between household wages and housing costs, especially in large cities. While renting offers several advantages, it is worth noting that the associated costs may not always align with the expectation of affordability. Approximately one-third of participants in a recent survey stated that they pay between 16 and 30 percent of their monthly income on rent. Recent government initiatives, such as the 2024 Help to Buy scheme, aim to make it easier for people across Australia to get onto the property ladder. Still, the multifaceted nature of Australia’s housing affordability problem requires continued efforts to strike a balance between market dynamics and the need for accessible housing options for Australians.

In 2024, the gasoline price index in Australia reached *****, an increase from the previous year. The petrol price index compares average petrol prices to average salaries in a given year. The higher the index, the more petrol can be purchased by the average salary in a country.

In 2024, females working in the private sector in Australia earned on average 1137.7 Australian dollars per week compared to 1669.1 Australian dollars earned by males. Pay disparity has become a prevalent issue in recent times, with many Australians supporting equality in terms of how much men and women are paid for the same job.