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The median gross household income in 2017-2018 is A$1,701 per week or A$88,695 per year. As of 30 June 2018 (end of fiscal year), one Australia dollar is equivalent of 0.7406 U.S. dollar. Using this exchange rate, the median gross household income in Australia is US$65,687 in 2017–18. [16]
State or territory GSP per capita (A$, 2021–22) GSP per capita growth (2021–22) GSP per capita as a ratio to national Western Australia: 136,577 1.96% 1.632 Northern Territory
The ratio of the price of the average home to Australians' average income was at an all-time high in the late 1990s. [12] Young people are buying homes at the lowest rates ever, and changes in work patterns are reducing many households' ability to retain their homes.
According to the Feb 2012 statistical data, the average full-time adult weekly income was A$1,617.90 in Western Australia (compared to A$1,406.80 in Australia as a whole). [15] Recent growth has also contributed to significant rises in average property values in 2006, although values plateaued in 2007.
The International Monetary Fund in April 2012 predicted that Australia would be the best-performing major advanced economy in the world over the next two years; the Australian Government Department of the Treasury anticipated "forecast growth of 3.0% in 2012 and 3.5% in 2013", [60] the National Australia Bank in April 2012 cut its growth ...
Back in 2020, the 37% tax rate kicked in at $518,400 in individual income. $520,000 That's how much income Americans think they would need, on average, to feel rich, according to Bankrate’s ...
Freddie Mac reports an average 6.54% for a 30-year fixed-rate mortgage, up 10 basis points from last week's average 6.44%, according to its weekly Prime Mortgage Market Survey of nationwide ...
the average floor area of new houses has increased by up to 53.8% in the 18 years from 1984–85 to 2002–03. [9] a tax system that favours investors and existing home owners, with policies such as negative gearing and capital gain tax discounts. government restrictions on the use of land preventing higher density land use.