Propertyupdate iconPropertyupdateSep 3, 2026

Australia’s economy grows by 2.1%, but people’s living standards aren’t keeping pace

Australia's economy expanded by 0.4% in the June quarter, with spending growth driven by record sales of imported electric vehicles. For the year to June, gross domestic product (GDP) grew by 2.1%, according to the Australian Bureau of Statistics, slightly stronger than market expectations.

Australia’s economy grows by 2.1%, but people’s living standards aren’t keeping pace

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Australia's economy expanded by 0.4% in the June quarter, with spending growth driven by record sales of imported electric vehicles.

For the year to June, gross domestic product (GDP) grew by 2.1%, according to the Australian Bureau of Statistics, slightly stronger than market expectations.

The bureau noted overall growth remained subdued, with spending growth and...

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Australia's economy expanded by 0.4% in the June quarter, with spending growth driven by record sales of imported electric vehicles. For the year to June, gross domestic product (GDP) grew by 2.1%, according to the Australian Bureau of Statistics, slightly stronger than market expectations. The bureau noted overall growth remained subdued, with spending growth and...

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