Finance

During the September 2024 quarter:

• Total residential mortgages fell $2.5b (-1.8%) to $138.7b.
• Total asset backed long-term debt securities issued domestically fell $6.5b (-3.7%) to $169.3b.

In October 2024, household spending:

• Rose 0.8% month-on-month on a current price, seasonally adjusted basis. 
• Rose 2.8% compared with October 2023. 

In September 2024, new loan commitments (seasonally adjusted):

• fell 0.3% for housing
• rose 2.1% for personal fixed term loans
• fell 8.2% for business construction (a typically volatile series) but rose 1.9% in trend terms
• rose 2.9% for business purchase of property (a typically volatile series) and rose 1.7% in trend terms

During the December 2023 quarter:

• the total managed funds industry rose $176.6b (3.9%) to $4,751.5b funds under management
• consolidated assets of managed funds institutions rose $152.1b (4.1%) to $3,883.7b
• cross invested assets rose $24.5b (4.5%) to $568.2b
• unconsolidated assets rose $176.6b (4.1%) to $4,451.9b.

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. 

• 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%).

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

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 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.

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