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As a member you get unlimited access to the latest economic insights and data...
2024 that’s a wrap, what a year
As we approach the new year, HIA is ready to tackle both ongoing and emerging challenges facing the building industry.
Australian Population Jun Qtr 2024
There was a surprise fall in net overseas migration into Australia in the June Quarter 2024.
Labour force November 2024
Australia’s unemployment rate in November officially fell from 4.1 per cent to 3.9 per cent, the same rate of unemployment when the RBA first increased interest rates in 2022. Despite some monthly variations, the average rate of unemployment is likely to remain at or around 4 per cent.
National Accounts (GDP) September 2024
Australia’s GDP grew in real terms by 0.3 per cent in the September quarter 2024, to be just 0.8 per cent higher than at the same time in the previous year. This is an economy that is crawling at its slowest rate since the 1991 recession (excluding the pandemic), only managing to keep its head above water thanks to government spending making up for weakness across the private sector. The share of public sector demand reached its highest level on record, at 28.0 per cent of GDP. Even rapid population growth was not enough to see an increase in total household consumption.