Secret takeaways
The Get Financial Institution of Australia (RBA) has actually currently provided three cuts this year, however an additional cut in September is not likely.
Australia’s economy grew 0. 6 % in the June quarter, with family intake up 0. 9 % q/q, showing strong exclusive demand.
Rising rising cost of living, strong GDP growth, and strong usage make additional cuts less urgent.
ANZ Financial institution still forecasts a November Mug Day rate cut yet warns stronger economic data could suggest say goodbye to cuts in any way from right here.
Residence approvals: Fell 8 2 % in July, driven by a sharp 22 3 % drop in apartments/units, while exclusive houses bordered up 1 1 %.
Limited brand-new supply might even more tighten up the real estate market and add upward pressure on costs and rental fees.
You have actually most likely listened to the headlines– immigration is surging, our cities are breaking, and nobody can locate a location to live.
This has actually resulted in presentations, warmed disputes, and plenty of finger-pointing.
Yet when we strip away the feelings, the numbers tell a various tale.
The latest figures from the abdominal suggest that Australia’s population grew by 1 6 % in the 12 months to March 2025 and was 27 5 million, that’s 423, 400 more than the very same time in 2024
We saw 315, 900 individuals contributed to our populace from abroad movement in the year to March 2025 This compares to 493, 800 individuals in the previous 12 months.
In this week’s Home Insiders chat, Dr Andrew Wilson and I discuss these statistics in addition to the latest jobless figures and just how our auction markets are carrying out.
Yearly population modification as movement relieves
See this week’s Building Expert video clip as Dr Andrew Wilson and I review the most recent abdominal data:
- Australia’s populace was 27, 536, 874 people at 31 March 2025
- The quarterly growth was 144, 238 individuals (0. 5 %).
- The yearly development was 423, 400 individuals (1 6 %).
- Yearly all-natural boost was 107, 400 and net abroad migration was 315, 900 which reduced by 177, 900 (360%) individuals given that the previous year.
Resource: ABDOMINAL MUSCLE
The adhering to graph shows how the recent post-COVID migration surge is relieving.
New South Wales and Victoria are getting the mass of abroad immigrants.
Customarily, Queensland has actually been gaining from the bulk of interstate movement.
Unemployed price consistent
Enjoy this week’s Home Expert Chat as Dr. Andrew Wilson discusses just how the joblessness figures for August continue to be consistent at 4 2 %.
This is a really low price by historical requirements, and it reveals the stamina of our economic situation.
Progressing, reduced interest rates are likely to sustain a stronger work market.
- There were 202, 468 tasks advertised online in August 2025, which fell – 4 2 % over the month, down – 12 2 % over the year and the least work advertised online given that January 2021
- The number of work advertised online is currently aroundone thrid less than it went to the optimal however, they remain well above pre-pandemic volumes.
Sean Crick, ABS head of work data, said:
‘Em ployment dropped by 5, 000 individuals and the number of out of work fell by 1, 000 people in August.
‘This indicated that the joblessness price continued to be consistent at 4 2 per cent whilst the participation price dropped by 0. 1 percentage indicate 66 8 per cent.’
The employment-to-population proportion fell by 0. 1 percentage points to 64.0 percent.
A fall in permanent work (- 41, 000 individuals) drove the overall drop in employment numbers. Meanwhile, part-time employment saw a 36, 000 individual surge.
Ladies who were used permanent went down 30, 000 people, and men in permanent employment was down by 11, 000
There was a surge in part-time employment for both females and men, up 18, 000 and 17, 000 specifically.
‘Hours worked fell 0. 4 percent in August, supported by much less people functioning permanent hours this month,’ Mr Crick stated.
However, the work involvement price continues to be at a near-record high of 66 8 %
As you can see from the graph below, unemployment numbers varied by state with WA having the most affordable jobless rate at 3 8 %.
Super Saturday delivers a lot more solid public auction results
The initial Super Saturday of spring has supplied even more solid auction clearance prices, in spite of the usual rise in pre-Grand Final listings providing customers with even more choices and sellers with more competitors.
The national weekend break public auction market reported a typical clearance rate of 72 3 % over the previous week, which was more than the 71 1 % reported over the previous week and once again well in advance of the 65 4 % reported over the exact same week in 2014.
Auction activity will decline next week due, customarily, as a result of the distractions of the football Grand Finals.
