The Latest Breaking News from ABS

The average price of a home in Australia has hit $1 million after a decade of growth, though experts say a return to the explosive COVID-era boom is unlikely.

Australia’s economy slowed sharply in the March quarter, growing by just 0.2% as government spending slowed and extreme weather events dampened demand. That followed an increase of 0.6% in the previous quarter.

Headline inflation – which includes the impact of government cost-of-living policies such as rebates – held steady at 2.4% in the year to March

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The Reserve Bank is expected to leave rates on hold at its next meeting despite the expected negative impact of more US tariffs on Australia's economic growth.

Australia, for the first time in five years, has seen a decrease in chocolate and confectionery consumption.

The opposition leader’s election pitch maintains Labor has presided over a litany of price rises – but experts say some problems began on Coalition’s watch

Australia's job market is characterised by a series of complicated trends, starting from an uneven job distribution across different territories to job growth disparities between the public and private sectors. Since 2022, when the Labour Party under Prime Minister Alabanese assumed office, there has been a significant increase in government…