Finance

During the December 2022 quarter:

• Total residential mortgages fell $5.1b (-3.8%) to $129.7b.
• Total asset backed debt securities issued domestically fell $2.2b (-1.4%) to $153.5b.

This study examines the effects of taxation and government expenditure on the distribution of income among private households in Australia

• Average weekly household spending on goods and services was $1,425.
• Household spending on goods and services increased by 15% since 2009-10.
• Average weekly spending on goods and services was highest in the Northern Territory and Australian Capital Territory and lowest in Tasmania and South Australia.

• Total average property assets increased from $653,700 per household in December 2019 to $731,100 in December 2020.
• Income from government payments increased by $55 per week, to $263 per week.  
• COVID-19 early access superannuation scheme withdrawals were mainly used for mortgage or rent payments (31%) or household bills (29%).

In 2019–20

• Average equivalised disposable household income was $1,124 per week. 
• Average net worth for all Australian households in 2019–20 was $1.04 million. 
• Total average liabilities for households saw a statistically significant increase from $189,500 in 2017–18 to $203,800 in 2019–20.
• Three in four (75%) households had debt in 2019–20. 

Contains the main economic and financial statistics produced by the ABS and other agencies, such as the Reserve Bank of Australia

• Total labour costs incurred by employers were $760.9 billion. 
• Employee earnings accounted for 87.3% of total labour costs.
• Private and public sector labour costs accounted for 77.7% and 22.3% of labour costs for all employers respectively.

In January 2023, new loan commitments (seasonally adjusted):

• fell 5.3% for housing
• rose 0.5% for personal fixed term loans
• fell 2.5% for business construction (typically a volatile series) but was flat in trend terms, i.e. remaining at the same level as the previous month
• fell 0.7% for business purchase of property (typically a volatile series) and fell 1.5% in trend terms

During the December 2022 quarter:

• the total managed funds industry rose $101.9b (2.4%) to $4,415.7b funds under management
• consolidated assets of managed funds institutions rose $83.8b (2.4%) to $3,564.6b
• cross invested assets rose $26.6b (5.4%) to $523.2b
• unconsolidated assets rose $110.4b (2.8%) to $4,087.7b.

• Household spending increased 17.8% through the year on a current price, calendar adjusted basis.

• Through the year, household spending increased for both services (+28.2%) and goods (+8.6%).

• Through the year, both non-discretionary (+22.2%) and discretionary (+13.3%) spending increased.

The survey provides details of Venture Capital and Later Stage Private Equity activity from fund managers