Australia Bureau of Statistics Archives

Job Vacancies Declined by 30.7%

Posted on 08/05/202524/04/2025 by Laze Spasevski

Job vacancies have declined by 30.7%. This marks a decrease in 10 out of the last 11 quarters, according to the Australian Bureau of Statistics (ABS). Vacancies peaked at a record 474,700 in May 2022, but have since fallen to 328,900 in February 2025, a reduction of 30.7%. “However, despite the falls in job vacancies over the last two and a half years, the total number of vacancies was s...
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Wages Increased 0.8% in the March Quarter

Posted on 11/07/202405/07/2024 by Laze Spasevski

The wages of the average Australian worker increased 0.8% in the March quarter. This takes annual wages growth to 4.1%, according to the Australian Bureau of Statistics. The industries with the biggest annual increases in wages were: Health care & social assistance: 5.3% Electricity, gas, water & waste services: 4.4% Retail trade: 4.4% Transport, postal & warehousi...
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Variable-rate Loans Scaled to New Heights of Popularity

Posted on 14/06/202417/06/2024 by Laze Spasevski

Variable-rate loans scaled to new heights of popularity, as demonstrated by the dramatic shift in borrowing trends. In March 2020, at the start of the pandemic, 13.38% of new borrowers chose fixed-rate loans and 86.62% chose variable. But in March 2024, a staggering low of only 1.40% of new loans were fixed, compared to 98.60% variable. This is based on the report by the Australian Bureau of S...
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Refinancing Topped $20bn

Posted on 31/10/202324/10/2023 by Laze Spasevski

Refinancing activity has topped $20bn in August as revealed by the latest Australian Bureau of Statistics (ABS). It is 3.9% lower than the month before but 12.4% higher than the year before. One major contributing factor to the rise of refinancing activity is due to lots of people coming off fixed rates right now. With this in mind, it’s no surprise that an enormous amount of refinancing i...
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Breakdown of Property Buyers

Posted on 12/12/2022 by Laze Spasevski

Home loan activity has fallen since earlier in the year, but Australian Bureau of Statistics’ breakdown of Property Buyers shows that first-home buyers have held up better than that of other buyer groups. Between April, when national property prices peaked, and August, the most recent month for which we have data, total home loan commitments fell 13.9%, according to the Australian Bureau of Sta...
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