Market Overview
Economy resilient but uneven - strong assets mask household stress
Based on data through late 2025, Australia's economy presents a paradox: headline GDP grows 1.7% while equity markets delivered solid 6.8% 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 relief is slow to flow through. 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. Inflation has moderated to 3.2% though services costs remain sticky. The divergence between asset holders (benefiting from property) and renters/mortgagees (facing elevated costs) defines the current economic landscape.
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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-Oct | Index | 99.99 (+3.8%) | 96.32 (+2.0%) | 94.41 (+4.9%) | 89.97 (+7.5%) | 83.73 (+3.2%) | 81.15 |
| 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
Hunter-Central Coast Renewable Energy Zone
The Hunter-Central Coast Renewable Energy Zone (REZ) is a major infrastructure initiative designed to facilitate the transition to renewable energy in the Hunter and Central Coast
QLD
Gateway to Bruce Upgrade (G2BU)
A major infrastructure program delivered in stages to improve safety, increase capacity, and reduce congestion on the Gateway Motorway and Bruce Highway in north Brisbane and the M
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
McIvor Forest Estate
A large-scale residential community development located east of Bendigo, featuring more than 400 lots. The project is situated adjacent to the Greater Bendigo National Park and inc
VIC
Armstrong Creek Growth Area Development
The Armstrong Creek Growth Area is Victoria's largest contiguous urban growth zone, covering 2,500 hectares south of Geelong. The master-planned community will ultimately accommoda
WA
East Wanneroo District Structure Plan
Long term state led structure plan guiding the urbanisation of more than 8,000 hectares in East Wanneroo over the next 50 years. The plan provides for about 50,000 new dwellings an
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
WA
Australian Renewable Energy Hub (AREH)
The Australian Renewable Energy Hub (AREH) is a large-scale renewable energy and green hydrogen project in the East Pilbara region of Western Australia, covering approximately 6,50
QLD
Redcliffe Peninsula Foreshore Masterplan
14km coastal masterplan led by Moreton Bay City Council to revitalise the Redcliffe Peninsula foreshore from Clontarf to Scarborough. Includes new public spaces, waterfront parks,
QLD
Queensland Energy and Jobs Plan
The Queensland Energy and Jobs Plan is a $62 billion+ statewide program to deliver publicly owned renewable energy generation, large-scale battery and pumped hydro storage, and the
NSW
Barangaroo Precinct
A $9 billion world-class urban renewal project transforming a 22-hectare former container terminal into a thriving mixed-use precinct. Barangaroo South, featuring the International
NSW
Maitland Local Housing Strategy 2041
A comprehensive strategic planning framework adopted by Maitland City Council on 27 June 2023 and endorsed by the NSW Government on 9 September 2024. The strategy guides residentia
QLD
Proposed Inland Rail Tunnel (Gowrie to Brisbane Port)
The 'Proposed Inland Rail Tunnel (Gowrie to Brisbane Port)' project name refers to the Brisbane end of the Inland Rail, encompassing the Gowrie to Helidon (including the Toowoomba
QLD
Queensland Energy Roadmap Infrastructure
The Queensland Energy Roadmap 2025 is the State Government's strategic plan to deliver affordable, reliable, and sustainable energy. Replaces the former Energy and Jobs Plan, focus
NSW
Irvine Street Gwynneville Precinct Planning Proposal
Planning Proposal lodged by Homes NSW to rezone the precinct for urban renewal, enabling up to 1,250 homes (3-6 storeys), with 50% dedicated to social and affordable housing, and n
GDP & Economic Output
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Population & Migration
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Development Activity
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Housing Market
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Housing Finance
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Monetary & Financial Conditions
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FX Rates & Commodities
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Employment
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Job Advertisements
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Wages & Earnings
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Household Consumption
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Household Spending
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Inflation & Cost of Living
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Equities & Superannuation
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