AustraliaEconomy

Australian wage growth reached 3.2% annually in the June quarter following a 0.8% quarterly increase.

The Australian Productivity Commission stated 2018 GST reforms have cost taxpayers $23 billion since inception.

The Australian Bureau of Statistics reported that the number of new home loans fell 5.4% to 134,225 during the June quarter of 2026.

Average weekly ordinary time earnings for full-time adults in Australia rose to $2,083.70 in May, according to the ABS.

RBA Governor Michele Bullock stated that inflation risks remain skewed to the upside due to a strong labour market.

The Reserve Bank of Australia upgraded its economic growth forecasts in its August statement on monetary policy due to a surge in data centre investments.

The Reserve Bank of Australia has kept its official cash rate unchanged at 4.35% following a unanimous board vote.

The S&P/ASX 200 surged to a record intraday high of 9296.7 points on Aug. 6 morning.

Australian household spending rose by 0.8% in June, boosting economic activity across the S&P/ASX 200.

The ABS reported that 1 million workers, or 7.2%, changed employers in the year to February 2026.

Import prices increased by 5.7% in the June quarter, driven primarily by global supply disruptions.

Australian Bureau of Statistics reported that total dwelling approvals rose 7.2% to 18,328 in June, according to seasonally adjusted data.