Based on a 24-month linear trend fitted to the data, ending Sep-2025. 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 readings point to a split between above- and below-trend states, with turning up. Trend strength is strong overall. However, performance is uneven across states. The best performer was VIC at 7.4% current versus trend, while the worst performer was WA at -6.8%.
| State | 2Y Trend (% p.a.) |
Current vs Trend | Momentum | Classification |
|---|---|---|---|---|
| VIC | 2.5% | 7.4% | ↑ | Weak & Improving |
| NSW | 7.3% | 6.9% | ↑ | Moderate & Accelerating |
| QLD | 22.5% | 6.6% | ↑ | Strong & Accelerating |
| SA | 21.4% | -1.2% | ↓ | Strong but Cooling |
| WA | 42.4% | -6.8% | ↓ | Strong but Cooling |
The latest data indicate mixed results relative to trend, with firming. Underlying trend strength is moderate. However, performance is uneven across states. The best performer was WA at 9.4% current versus trend, while the worst performer was SA at -5.5%.
| State | 2Y Trend (% p.a.) |
Current vs Trend | Momentum | Classification |
|---|---|---|---|---|
| WA | 10.5% | 9.4% | ↑ | Strong & Accelerating |
| QLD | 15.4% | 4.1% | ↑ | Strong & Accelerating |
| VIC | 7.9% | 2.4% | ↑ | Moderate & Accelerating |
| NSW | 7.3% | -2.7% | ↑ | Moderate & Accelerating |
| SA | 3.9% | -5.5% | ↓ | Moderate but Cooling |
Overall, the latest results show broad-based performance above trend. Momentum is building. Trend strength is generally strong. However, performance is uneven across states. The best performer was NSW at 10.5% current versus trend, while the worst performer was WA at -8.0%.
| State | 2Y Trend (% p.a.) |
Current vs Trend | Momentum | Classification |
|---|---|---|---|---|
| NSW | 0.1% | 10.5% | ↑ | Weak & Improving |
| VIC | 0.7% | 10.2% | ↑ | Weak & Improving |
| QLD | 16.1% | 6.0% | ↑ | Strong & Accelerating |
| SA | 15.7% | 0.7% | ↓ | Strong but Cooling |
| WA | 30.5% | -8.0% | ↓ | Strong but Cooling |
All data sourced from: ABS - Australian Bureau of Statistics
