Based on a 24-month linear trend fitted to the data, ending Feb-2026. This series is shown in original (not seasonally adjusted) terms; short-term swings may reflect regular seasonal patterns.
| 2Y Trend (% p.a.): Average annual growth rate over the past two years. |
| Current vs Trend: Latest month compared to its underlying trend (positive = above trend, negative = below trend). |
| Momentum: Direction of change versus the longer-term trend (Up = accelerating, Down = slowing, Flat = stable). |
| Classification: Overall position based on growth strength and momentum. |
Recent results are largely tracking below trend, with variation across states. Momentum is easing, while trend strength remains weak overall. SA is the strongest performer at 58.4% below trend, whereas WA is the weakest at 15.4% above trend.
| State | 2Y Trend (% p.a.) | Current vs Trend | Momentum | Classification |
| SA | -4.6% | -58.4% | ↓ | Better than trend; Weak & Cooling |
| QLD | -7.3% | 3.8% | ↑ | Worse than trend; Weak & Improving |
| NSW | -3.1% | 9.1% | ↓ | Worse than trend; Weak & Cooling |
| VIC | 0.2% | 12.4% | ↓ | Worse than trend; Weak & Cooling |
| WA | -11.7% | 15.4% | ↓ | Worse than trend; Weak & Cooling |
All data sourced from: ASIC - Australian Securities & Investment Commission
