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.

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.

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.

Over the past 20 years, the share of the Australian population that holds a degree at a bachelor level or above has increased by more than six times, reaching 50.8 percent in 2022. Since May of 2023, however, that number has dropped to only 32 percent. In Australia, the tertiary education sector comprises both public and private institutions. The student body is comprised of both domestic and international students. University graduate employment Domestic students make up most of the graduates within Australia. The vast majority of graduates in 2022 found full-time employment after studying, with the fields of medicine, pharmacy and rehabilitation having the highest rates of employment post graduation. Dentistry graduates earned the highest median full-time salary of recent university graduates in the country. International study landscape International students are a rapidly growing segment of Australia’s tertiary education sector. The export income from international student activities amounted to just under 36.5 billion Australian dollars in 2023. Chinese students accounted for the largest share of international student enrollments in the same period. Students completing their studies at Australian universities are attracted to the prestige of obtaining a degree at some of the best universities in the world. Moreover, graduates have the opportunity to enter the Australian labor market and to apply for a permanent visa in the country.