Market Overview
Economy resilient but inflation stickier than expected - complicating rate cut path
Based on data through late 2025, Australia's economy presents a paradox: headline GDP grows 1.7% while equity markets delivered solid 7.1% capital growth, yet per capita living standards remain flat as households cut discretionary spending. The RBA has begun easing with the cash rate at 3.60%, but inflation's rise to 3.4% in November complicates the path for further cuts. Population growth has normalised to 1.5%, easing some infrastructure pressure, while the housing supply deficit persists with prices up 6% despite affordability constraints. The labour market is cooling with unemployment at 4.3% but remains tight by historical standards. The divergence between asset holders (benefiting from property and equities) and renters/mortgagees (facing elevated costs) defines the current economic landscape.
Integrate seamlessly with your workflows and communicate the latest market drivers to clients.
Key Economic Indicators
Click to navigate| Indicator | As At | Units | Latest | -1yr | -2yr | -3yr | -4yr | -5yr |
|---|---|---|---|---|---|---|---|---|
| GDP | 2025-Sep | $m | 687,757 (+2.1%) | 673,927 (+0.8%) | 668,453 (+2.1%) | 654,444 (+6.1%) | 616,735 (+4.7%) | 589,183 |
| CPI | 2025-Nov | Index | 100.01 (+3.4%) | 96.68 (+2.2%) | 94.59 (+4.5%) | 90.53 (+7.6%) | 84.10 (+3.3%) | 81.39 |
| Population | 2025-Jun | Persons | 27,614,411 (+1.5%) | 27,194,286 (+2.0%) | 26,659,922 (+2.5%) | 26,018,721 (+1.3%) | 25,685,412 (+0.1%) | 25,649,248 |
| Employment | 2025-Nov | Persons ('000) | 14,656 (+1.3%) | 14,473 (+1.9%) | 14,207 (+3.0%) | 13,787 (+4.9%) | 13,148 (+3.2%) | 12,745 |
| Unemployment | 2025-Nov | % | 4.32 (+38bps) | 3.94 (+1bps) | 3.93 (+41bps) | 3.52 (-111bps) | 4.63 (-218bps) | 6.81 |
| Job Ads | 2025-Nov | No | 616,461 (-8.5%) | 673,554 (-14.7%) | 789,663 (-6.8%) | 847,229 (+13.2%) | 748,715 (+54.4%) | 485,019 |
| Household Spending | 2025-Sep | $m | 232,015 (+5.1%) | 220,838 (+2.8%) | 214,921 (+6.6%) | 201,614 (+28.4%) | 156,982 (-0.4%) | 157,628 |
| House Prices | 2025-Sep | $000s | 1,042 (+6.1%) | 982 (+5.6%) | 930 (+6.3%) | 875 (+2.1%) | 857 (+24.4%) | 689 |
| Attached Prices | 2025-Sep | $000s | 710.00 (+5.0%) | 676.00 (+5.0%) | 644.00 (+6.1%) | 607.00 (-2.9%) | 625.00 (+7.6%) | 581.00 |
| Dwelling Approvals | 2025-Oct | No | 191,311 (+11.6%) | 171,361 (+1.8%) | 168,347 (-12.8%) | 193,019 (-16.4%) | 230,989 (+27.1%) | 181,769 |
| Superannuation | 2025-Sep | $bn | 4,466 (+9.4%) | 4,082 (+13.4%) | 3,599 (+9.7%) | 3,281 (-4.4%) | 3,434 (+18.5%) | 2,897 |
| ASX All Ords | 2025-Dec | Index | 9,018 (+7.1%) | 8,421 (+7.5%) | 7,830 (+8.4%) | 7,222 (-7.2%) | 7,779 (+13.5%) | 6,851 |
Infrastructure & Major Projects
Transforming Australia's future
Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.
NSW
Huntlee New Town
Huntlee is the Hunter Valley's first new town in over 50 years, a master-planned community designed for 20,000 residents across three villages surrounding a 200-hectare town centre
QLD
Mackay Port Access Stage 1
A proposed 9.5km, 2-lane arterial roadway providing a direct link for freight movements from the Port of Mackay to the Mackay Ring Road, and west to the Bowen Basin. The project, c
QLD
UnityWater Infrastructure Program 2023-2027
The major water and wastewater infrastructure investment program, valued at $1.8 billion over 2023-2027, covers the Sunshine Coast and Moreton Bay regions. It includes key componen
NSW
Central-West Orana REZ Transmission Network
Major transmission infrastructure project involving the design, construction, and operation of new 500kV and 330kV transmission lines to connect the Central-West Orana Renewable En
VIC
Hamilton Structure Plan Implementation
Long-term land use and development plan for Hamilton, adopted in 2011, guiding future residential, commercial, and industrial development. It includes zoning changes, infrastructur
WA
Fortescue Port Hedland Operations Decarbonisation and Modernisation
Fortescue's integrated operations in the Pilbara are connected to the five-berth Herb Elliott Port and Judith Street Harbour towage infrastructure in Port Hedland by 760km of rail.
VIC
Kensington Precinct Big Housing Build
Part of Australia's largest urban renewal project, this precinct will gradually retire and replace two aging high-rise public housing towers built in the 1950s-70s with modern, acc
WA
Alkimos-Eglinton Satellite City
Long-term vision for satellite city housing 55,000 people. Includes hospitals, tertiary education institutions, major retail, commercial and recreational facilities. Part of Metrop
SA
Tram Grade Separation Projects
South Australian Government project to remove three level crossings on the Glenelg tram line by raising the tram over Cross Road, Marion Road and Morphett Road. The existing South
QLD
Brisbane 2032 Games Infrastructure Program
A $7.1 billion infrastructure program delivering 17 new and upgraded venues for the Brisbane 2032 Olympic and Paralympic Games. The centerpiece is the new 63,000-seat Brisbane Stad
QLD
Moreton Bay Central (The Mill) - Knowledge and Innovation Precinct
Formerly known as The Mill at Moreton Bay, Moreton Bay Central is a Priority Development Area (PDA) and major innovation precinct. It features the UniSC Moreton Bay campus, health
NSW
Sydney Metro West
A $27 billion, 24-kilometre underground metro railway doubling rail capacity between Greater Parramatta/Westmead and the Sydney CBD. Features 9 fully accessible, air-conditioned, d
QLD
Wellcamp Aerospace and Defence Precinct
Wagner Corporation's $550-1,000M aerospace and defence precinct at Toowoomba Wellcamp Airport, anchored by Boeing's 9,000sqm MQ-28 Ghost Bat production facility - Australia's first
NSW
Raymond Terrace and Heatherbrae Strategy 2020-2040
A long-term strategic plan to revitalise Raymond Terrace into a strong regional centre. The strategy includes the Raymond Terrace Public Domain Plan, mixed-use precincts, town cent
QLD
Bargara Headlands Estate
Master-planned coastal residential estate of over 320 lots (including commercial) with direct ocean access and a focus on community and environment. Features include water-sensitiv
QLD
Bundaberg State Development Area
The Bundaberg State Development Area (SDA) is a 6,076-hectare area, declared in February 2017, located approximately 17 kilometres north of Bundaberg city. The SDA aims to facilita
GDP & Economic Output
Scroll to load chart
Population & Migration
Scroll to load chart
Development Activity
Scroll to load chart
Housing Market
Scroll to load chart
Housing Finance
Scroll to load chart
Monetary & Financial Conditions
Scroll to load chart
FX Rates & Commodities
Scroll to load chart
Employment
Scroll to load chart
Job Advertisements
Scroll to load chart
Wages & Earnings
Scroll to load chart
Household Consumption
Scroll to load chart
Household Spending
Scroll to load chart
Inflation & Cost of Living
Scroll to load chart
Equities & Superannuation
Scroll to load chart