Based on a 24-month linear trend fitted to the data, ending Dec-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. |
Across the chart, conditions suggest broad-based performance above trend. Momentum is strengthening. Trend strength remains strong. However, performance is uneven across states. The best performer was WA at 12.8% current versus trend, while the worst performer was SA at -0.1%.
| State | 2Y Trend (% p.a.) |
Current vs Trend | Momentum | Classification |
|---|---|---|---|---|
| WA | 17.0% | 12.8% | ↑ | Strong & Accelerating |
| VIC | 10.5% | 9.8% | ↑ | Strong & Accelerating |
| NSW | 10.4% | 7.9% | ↑ | Strong & Accelerating |
| QLD | 21.5% | 4.1% | ↑ | Strong & Accelerating |
| SA | 26.4% | -0.1% | ↓ | Strong but Cooling |
Recent readings point to broad-based performance above trend, with momentum turning up. Trend strength is moderate overall. However, performance is uneven across states. The best performer was WA at 13.1% current versus trend, while the worst performer was SA at -1.4%.
| State | 2Y Trend (% p.a.) |
Current vs Trend | Momentum | Classification |
|---|---|---|---|---|
| WA | 3.5% | 13.1% | ↑ | Moderate & Accelerating |
| VIC | 5.6% | 8.3% | ↑ | Moderate & Accelerating |
| NSW | 6.5% | 7.6% | ↑ | Moderate & Accelerating |
| QLD | 10.6% | 4.2% | ↑ | Strong & Accelerating |
| SA | 13.3% | -1.4% | ↑ | Strong & Accelerating |
All data sourced from: ABS - Australian Bureau of Statistics
