Story perspectives

Wage Growth Rises Amid Investment Loan Declines

5/15/2025

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Summary

Story summary

Treasurer Jim Chalmers attributes rising real wages over 18 months to the Albanese Labor Government, despite Reserve Bank concerns.
The wage price index rose by 0.9% in Q1 2025, with an annual growth rate of 3.4%.
New investment loans decreased by 3.7%, and home loans fell by 3.4% in the March quarter, yet remain above last year's levels.
Public sector wage growth increased to 3.6% due to recent agreements, while private sector growth declined to 3.3%.

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Story summary

Treasurer Jim Chalmers attributes rising real wages over 18 months to the Albanese Labor Government, despite Reserve Bank concerns.
The wage price index rose by 0.9% in Q1 2025, with an annual growth rate of 3.4%.
New investment loans decreased by 3.7%, and home loans fell by 3.4% in the March quarter, yet remain above last year's levels.
Public sector wage growth increased to 3.6% due to recent agreements, while private sector growth declined to 3.3%.