Economy

HomeEconomy

Queensland takes Australia’s top economic crown

Queensland is the number one performing economy in Australia, coming out on top because of its strength in business, housing and labour market investment. The latest

Loosening jobs market curbs impact of minimum wage lift

An easing of Australia’s labour shortage has kept downward pressure on wages and prevented a blow-out from the minimum wage increase. The CommBank Wage and Labour

Housing market is ‘down but not distressed’

Housing prices are continuing to fall but a new report says there is little evidence of a “distressed” market. The Savills Australia Residential Research report for

Builders collapsing despite the housing shortage

By Lyndall Bryant and Amanda Bull Across Australia, thousands of people are waiting to find out if their homes will be built, after several separate construction

Flat economy failing to lift living standards

John Hawkins and Stephen Bartos Australia’s economy expanded by 0.4 percent in the June quarter, with spending growth driven by record sales of imported electric

Bank predicts even bigger drop in house prices

The Commonwealth Bank has revised down its dwelling price forecasts off the back of weaker sales momentum over the past three months. It says the housing downturn has

Queensland seeks closer investment ties with Indonesia

The Queensland Government is holding talks with Indonesian officials this week as part of efforts to attract resources investment. It has also announced a trade mission

Inflation stabilises despite housing pressure

The annual inflation rate was at 3.5 percent in July, a slight drop from the previous month. The “trimmed” Consumer Price Index figure, which strips out temporary

Youth struggle with debt and delayed independence

A new study of Australia’s youth paints a picture of a generation struggling with early debt and delayed independence. It found young people have a “less linear path

Economic growth edges up across OECD countries

Economic growth in industrialised economies rose slightly in the second quarter of 2026. OECD data released this week shows that Gross Domestic Product (GDP) rose in 27

Subscribe to our newsletter

Newsletter