Property Investment, Success & Money | The Michael Yardney Podcast cover image

13 things to know about the Australian economy right now, with Ken Raiss

Property Investment, Success & Money | The Michael Yardney Podcast

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The Australian Economy Is at the Levels That They Are at Right Now

Wages growth, even though it's gone up, has actually trailed inflation. So the unemployment rate was very, very low. It's dropped to less than three and a half percent. And we know that inflation's gone up around 7%, but overall, wages have only gone up around 3.2%. That's a pain for people who are getting wages because their real spending power has decreased.

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