7 Facts about the Australian economy from the June quarter 2025

Released
10/09/2025
Released
10/09/2025 11:30am AEST

The Australian economy – June quarter 2025

1. The Economy rebounded on a quarterly basis 

The Australian economy grew in the June quarter 2025, with ‘real GDP’ – that is, GDP adjusted for price changes - up by 0.6 per cent, rebounding from the weather disrupted March quarter. 

On a financial year basis, Australia’s economy grew by 1.3% over the 2024-25 financial year. Excluding the COVID-19 pandemic period, this was the lowest annual growth since the early 1990’s. 

The ‘per capita’ rate, or GDP per person, grew by 0.2 per cent in the quarter but fell 0.4 per cent over the year. 

2. Public holidays bring higher spending 

Household spending increased 0.9 per cent in the June quarter, with discretionary spending up 1.4 per cent, as people took advantage of the public holidays over Easter and ANZAC Day, spending more on hotels, cafes and recreation activities. End of financial year sales and new product releases also contributed to the increase in discretionary spending.

3. Lowest annual inflation since 2021 

Annual inflation eased in the June quarter 2025 to the lowest annual inflation rate since March quarter 2021 (2.1 per cent).

On a quarterly basis the CPI rose 0.7%, with the most significant price rises in Housing, Food and non-alcoholic beverages. 

4. Annual wage growth held steady

Annual wage growth stayed steady at 3.4 per cent in the June quarter but fell compared to a year ago when it was 4.1 per cent. 

5. Labour demand grew during the quarter

Proportion of vacant jobs increased to 2.1 per cent and filled jobs rose 0.2 per cent to 16.0 million, reflecting the increased demand for workers across the economy. 

6. Loans for homeowners reach record-high

The average value of new home loans reached a record high of $678,011, up 7.5 per cent since the same time last year. This was consistent with rising property prices around Australia, especially in Queensland, South Australia and Western Australia. 

7. EVs and utes hitting the roads

Australians were buying more hybrid and electric vehicles, as well as maintaining our usual love for buying utes this quarter. This was clear from the import volumes of Industrial and Non-industrial transport equipment, which rose $1.3b this quarter. 

Media Notes

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