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.

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.

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.

Australia Gross National Income data was reported at 695,486.000 AUD mn in Dec 2024. This records an increase from the previous number of 663,865.000 AUD mn for Sep 2024. Australia Gross National Income data is updated quarterly, averaging 104,956.500 AUD mn from Sep 1959 (Median) to Dec 2024, with 262 observations. The data reached an all-time high of 695,486.000 AUD mn in Dec 2024 and a record low of 3,917.000 AUD mn in Mar 1960. Australia Gross National Income 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.A071: SNA08: Gross Income and Use of Gross Disposable Income.

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.

Explore the progression of average salaries for graduates in Multimedia Design Australia Ba from 2020 to 2023 through this detailed chart. It compares these figures against the national average for all graduates, offering a comprehensive look at the earning potential of Multimedia Design Australia Ba relative to other fields. This data is essential for students assessing the return on investment of their education in Multimedia Design Australia Ba, providing a clear picture of financial prospects post-graduation.

In 2022, France had the highest real minimum wage at **** U.S. dollars an hour out of all the OECD countries, once adjusted for purchasing power parity. Australia and Luxembourg followed behind at **** dollars per hour. On the other hand, the minimum wage in Malta was only *** dollars per hour.

Australia GDP: USD: Gross National Income per Capita: Atlas Method data was reported at 63,150.000 USD in 2023. This records an increase from the previous number of 60,710.000 USD for 2022. Australia GDP: USD: Gross National Income per Capita: Atlas Method data is updated yearly, averaging 18,750.000 USD from Dec 1962 (Median) to 2023, with 62 observations. The data reached an all-time high of 66,080.000 USD in 2013 and a record low of 1,870.000 USD in 1962. Australia GDP: USD: Gross National Income per Capita: Atlas Method 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: Gross Domestic Product: Nominal. GNI per capita (formerly GNP per capita) is the gross national income, converted to U.S. dollars using the World Bank Atlas method, divided by the midyear population. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;

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.

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.

Explore the progression of average salaries for graduates in Advanced Software Technologies (Also Possesses Au.S.Bachelor'Sequivalency In Electr. Engineering) from 2020 to 2023 through this detailed chart. It compares these figures against the national average for all graduates, offering a comprehensive look at the earning potential of Advanced Software Technologies (Also Possesses Au.S.Bachelor'Sequivalency In Electr. Engineering) relative to other fields. This data is essential for students assessing the return on investment of their education in Advanced Software Technologies (Also Possesses Au.S.Bachelor'Sequivalency In Electr. Engineering), providing a clear picture of financial prospects post-graduation.

Australia GDP: Growth: Adjusted Net National Income per Capita data was reported at 1.162 % in 2019. This records an increase from the previous number of 0.889 % for 2018. Australia GDP: Growth: Adjusted Net National Income per Capita data is updated yearly, averaging 2.175 % from Jun 1971 (Median) to 2019, with 49 observations. The data reached an all-time high of 5.534 % in 1988 and a record low of -1.794 % in 1991. Australia GDP: Growth: Adjusted Net National Income per Capita 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: Gross Domestic Product: Annual Growth Rate. Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion.;World Bank staff estimates based on sources and methods in World Bank's 'The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium' (2011).;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 GDP: Growth: Adjusted Net National Income data was reported at 2.713 % in 2019. This records an increase from the previous number of 2.451 % for 2018. Australia GDP: Growth: Adjusted Net National Income data is updated yearly, averaging 3.601 % from Jun 1971 (Median) to 2019, with 49 observations. The data reached an all-time high of 7.275 % in 1988 and a record low of -0.534 % in 1991. Australia GDP: Growth: Adjusted Net National Income 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: Gross Domestic Product: Annual Growth Rate. Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion.;World Bank staff estimates based on sources and methods in World Bank's 'The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium' (2011).;Weighted average;

Australia Standardised Price-Income Ratio: sa data was reported at 149.268 Ratio in Dec 2024. This records a decrease from the previous number of 152.371 Ratio for Sep 2024. Australia Standardised Price-Income Ratio: sa data is updated quarterly, averaging 82.643 Ratio from Mar 1970 (Median) to Dec 2024, with 220 observations. The data reached an all-time high of 153.422 Ratio in Jun 2024 and a record low of 62.554 Ratio in Sep 1983. Australia Standardised Price-Income Ratio: sa 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.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Quarterly. Nominal house prices divided by nominal disposable income per head. Net household disposable income is used. The population data come from the OECD national accounts database. The long-term average is calculated over the whole period available when the indicator begins after 1980 or after 1980 if the indicator is longer. This value is used as a reference value. The ratio is calculated by dividing the indicator source on this long-term average, and indexed to a reference value equal to 100.

The most common poverty measures, including that used by the OECD, focus on income based approaches. One of the most common measures of income poverty is the proportion of households with income less than half median equivalised disposable household income (which is set as the poverty line); this is a relative income poverty measure as poverty is measured by reference to the income of others rather than in some absolute sense. Australia has one of the highest household disposable incomes in the world, which means that an Australian relative income poverty line is set at a high level of income compared to most other countries.

OECD statistics on Australian poverty 2015-16 (based on ABS Survey of Income and Housing data and applying a poverty line of 50% of median income) determined the Australian poverty rate was over 25% before taxes and transfers, but falls around 12% after taxes and transfers. Though measuring poverty through application of solely an income measure is not considered comprehensive for an Australian context, however, it does demonstrate that the Australian welfare system more than halves the number of Australians that would otherwise be considered as at risk of living in poverty under that measure.
It is important to consider a range of indicators of persistent disadvantage to understand poverty and hardship and its multidimensional nature. Different indicators point to different dimensions of poverty. While transient poverty is a problem, the experience of persistent poverty is of deeper concern, particularly where families experience intergenerational disadvantage and long-term welfare reliance. HILDA data from the Melbourne Institute of Applied Economic and Social Research shows the Distribution of number of years in poverty 2001–2015. The figure focuses on the longer term experience of working age adults and shows that while people do fall into poverty, only a small proportion of people are persistently poor.

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.

This dataset presents the Rental Affordability Index (RAI) for all dwellings. The data uses a single median income value for all of Australia (enabling comparisons across regions), and spans the quarters Q1 2011 to Q2 2021. The RAI covers all states with available data, the Northern Territory does not form part of this dataset.

National Shelter, Bendigo Bank, The Brotherhood of St Laurence, and SGS Economics and Planning have released the RentalAffordability Index (RAI) on a biannual basis since 2015. Since 2019, the RAI has been released annually.

It is generally accepted that if housing costs exceed 30% of a low-income household's gross income, the household is experiencing housing stress (30/40 rule). That is, housing is unaffordable and housing costs consume a disproportionately high amount of household income. The RAI uses the 30 per cent of income rule. Rental affordability is calculated using the following equation, where 'qualifying income' refers to the household income required to pay rent where rent is equal to 30% of income:

RAI = (Median income ∕ Qualifying Income) x 100

In the RAI, households who are paying 30% of income on rent have a score of 100, indicating that these households are at the critical threshold for housing stress. A score of 100 or less indicates that households would pay more than 30% of income to access a rental dwelling, meaning they are at risk of experiencing housing stress.

For more information on the Rental Affordability Index please refer to SGS Economics and Planning.

The RAI is a price index for housing rental markets. It is a clear and concise indicator of rental affordability relative to household incomes, applied to geographic areas across Australia.

AURIN has spatially enabled the original data using geometries provided by SGS Economics and Planning. Values of 'NA' in the original data have been set to NULL.

The most common poverty measures, including that used by the OECD, focus on income based approaches. One of the most common measures of income poverty is the proportion of households with income less than half median equivalised disposable household income (which is set as the poverty line); this is a relative income poverty measure as poverty is measured by reference to the income of others rather than in some absolute sense. Australia has one of the highest household disposable incomes in the world, which means that an Australian relative income poverty line is set at a high level of income compared to most other countries. \r \r OECD statistics on Australian poverty 2015-16 (based on ABS Survey of Income and Housing data and applying a poverty line of 50% of median income) determined the Australian poverty rate was over 25% before taxes and transfers, but falls around 12% after taxes and transfers. Though measuring poverty through application of solely an income measure is not considered comprehensive for an Australian context, however, it does demonstrate that the Australian welfare system more than halves the number of Australians that would otherwise be considered as at risk of living in poverty under that measure. \r It is important to consider a range of indicators of persistent disadvantage to understand poverty and hardship and its multidimensional nature. Different indicators point to different dimensions of poverty. \r While transient poverty is a problem, the experience of persistent poverty is of deeper concern, particularly where families experience intergenerational disadvantage and long-term welfare reliance. HILDA data from the Melbourne Institute of Applied Economic and Social Research shows the Distribution of number of years in poverty 2001–2015. The figure focuses on the longer term experience of working age adults and shows that while people do fall into poverty, only a small proportion of people are persistently poor.\r