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.

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

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.

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.

As at February 2025, couples aged 25 to 34 years old in Sydney, Australia spent an average of around 57.6 percent of their household income on mortgage repayments for an entry-priced house. In comparison, couples in the same age bracket in Darwin were spending around 27.7 percent of their household income on mortgage repayments for a house.

Australia National Minimum Hourly Wage Rate data was reported at 24.100 AUD in May 2025. This stayed constant from the previous number of 24.100 AUD for Apr 2025. Australia National Minimum Hourly Wage Rate data is updated monthly, averaging 18.290 AUD from Jul 2010 (Median) to May 2025, with 179 observations. The data reached an all-time high of 24.100 AUD in May 2025 and a record low of 15.000 AUD in Jun 2011. Australia National Minimum Hourly Wage Rate data remains active status in CEIC and is reported by Fair Work Commission. The data is categorized under Global Database’s Australia – Table AU.G054: National Minimum Wage Rate.

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.

Sydney had the highest median house value compared to other capital cities in Australia as of April 2025, with a value of over 1.47 million Australian dollars. Brisbane similarly had relatively high average residential housing values, passing Canberra and Melbourne to top the pricing markets for real estate across the country alongside Sydney. Housing affordability in Australia Throughout 2024, the average price of residential dwellings remained high across Australia, with several capital cities breaking price records. Rising house prices continue to be an issue for potential homeowners, with many low- and middle-income earners priced out of the market. In the fourth quarter of 2024, Australia’s house price-to-income ratio declined slightly to 119.2 index points. With the share of household income spent on mortgage repayments increasing alongside the disparity in supply and demand, inflating construction costs, and low borrowing capacity, the homeownership dream has become an unattainable prospect for the average person in Australia. Does the rental market offer better prospects? Renting for prolonged periods has become inevitable for many Australians due to the country’s largely inaccessible property ladder. However, record low vacancy rates and elevated median weekly house and unit rent prices within Australia’s rental market are making renting a less appealing prospect. In financial year 2024, households in the Greater Sydney metropolitan area reported spending around 30 percent of their household income on rent.

Australia National Minimum Weekly Wage Rate data was reported at 915.900 AUD in May 2025. This stayed constant from the previous number of 915.900 AUD for Apr 2025. Australia National Minimum Weekly Wage Rate data is updated monthly, averaging 694.900 AUD from Jul 2010 (Median) to May 2025, with 179 observations. The data reached an all-time high of 915.900 AUD in May 2025 and a record low of 569.900 AUD in Jun 2011. Australia National Minimum Weekly Wage Rate data remains active status in CEIC and is reported by Fair Work Commission. The data is categorized under Global Database’s Australia – Table AU.G054: National Minimum Wage Rate. Weekly national minimum wage is calculated on the basis of 38 ordinary hours in a week.

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.

Australia Household and NPISH: Real Disposable Income: Net data was reported at 1,352.923 AUD bn in 2026. This records an increase from the previous number of 1,313.008 AUD bn for 2025. Australia Household and NPISH: Real Disposable Income: Net data is updated yearly, averaging 500.651 AUD bn from Dec 1960 (Median) to 2026, with 67 observations. The data reached an all-time high of 1,352.923 AUD bn in 2026 and a record low of 173.689 AUD bn in 1960. Australia Household and NPISH: Real Disposable Income: Net data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Australia – Table AU.OECD.EO: Household Sector Account: Forecast: OECD Member: Annual. YDRH - Net household and non-profit institutions serving households disposable income, realNominal disposable income deflated by the implicit private consumption price

As at February 2025, couples aged 25 to 34 years old in Sydney, Australia spent an average of around 35.8 percent of their household income on mortgage repayments for an entry-priced unit. In comparison, couples in the same age bracket in Perth were spending around 23.7 percent of their household income on mortgage repayments for a unit.

Australia Wage Rate data was reported at 93,900.233 AUD in 2026. This records an increase from the previous number of 90,934.540 AUD for 2025. Australia Wage Rate data is updated yearly, averaging 32,606.043 AUD from Dec 1964 (Median) to 2026, with 63 observations. The data reached an all-time high of 93,900.233 AUD in 2026 and a record low of 2,605.013 AUD in 1964. Australia Wage Rate data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Australia – Table AU.OECD.EO: Hours Worked, Unit Labour Cost and Labour Compensation: Forecast: OECD Member: Annual. WRT - Wage rate, total economy

Australia Wage And Salaried Workers: Modeled ILO Estimate: Female: % of Female Employment data was reported at 90.608 % in 2023. This records an increase from the previous number of 90.520 % for 2022. Australia Wage And Salaried Workers: Modeled ILO Estimate: Female: % of Female Employment data is updated yearly, averaging 88.898 % from Dec 1991 (Median) to 2023, with 33 observations. The data reached an all-time high of 90.608 % in 2023 and a record low of 87.102 % in 2004. Australia Wage And Salaried Workers: Modeled ILO Estimate: Female: % of Female Employment data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Australia – Table AU.World Bank.WDI: Employment and Unemployment. Wage and salaried workers (employees) are those workers who hold the type of jobs defined as 'paid employment jobs,' where the incumbents hold explicit (written or oral) or implicit employment contracts that give them a basic remuneration that is not directly dependent upon the revenue of the unit for which they work.;International Labour Organization. “ILO modelled estimates database” ILOSTAT. Accessed January 07, 2025. https://ilostat.ilo.org/data/.;Weighted average;

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.

Australia Industrial Trends Survey: for Next 12 Months: Wage Enterprise Deal: Annual Increase data was reported at 21.000 Index in Mar 2025. This records an increase from the previous number of 18.000 Index for Dec 2024. Australia Industrial Trends Survey: for Next 12 Months: Wage Enterprise Deal: Annual Increase data is updated quarterly, averaging 13.000 Index from Sep 1998 (Median) to Mar 2025, with 107 observations. The data reached an all-time high of 49.000 Index in Jun 2023 and a record low of -31.000 Index in Mar 2014. Australia Industrial Trends Survey: for Next 12 Months: Wage Enterprise Deal: Annual Increase data remains active status in CEIC and is reported by Australian Chamber of Commerce and Industry. The data is categorized under Global Database’s Australia – Table AU.S043: Australian Chamber-Westpac Industrial Trends Survey.

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.

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

Household Saving Rate in Australia increased to 5.20 percent in the first quarter of 2025 from 3.90 percent in the fourth quarter of 2024. This dataset provides - Australia Households Savings - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product per capita in Australia was last recorded at 61211.90 US dollars in 2024. The GDP per Capita in Australia is equivalent to 485 percent of the world's average. This dataset provides - Australia GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.