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.

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 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 October 2024, household spending:

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

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