Victorian Parliamentary Budget Office
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pbo.vic.gov.au
Victorian Parliamentary Budget Office
@pbo.vic.gov.au
We deliver independent policy costings and advice to all members of the Parliament of Victoria to inform policy choices. Visit our website to learn more: https://pbo.vic.gov.au/
3/3 Victoria’s average dwelling price increased by 1.0% in the September quarter of 2025 to $918,500. This was the smallest increase of any state and is the first Victorian quarterly increase since the March quarter of 2025. See more at bit.ly/vicindicators #springst
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December 12, 2025 at 5:51 AM
2/3 In November, Victoria’s unemployment rate was 4.7% (above the Aus rate of 4.3%), its participation rate was 68.1% (above the Aus rate of 66.7%) and its employment to population ratio was 64.9% (above the Aus rate of 63.8%). See more at bit.ly/vicindicators #springst
December 12, 2025 at 5:50 AM
4/4 GVA across these 6 largest industries grew by 0.4%, while the remaining industries grew by an average of 1.1%. In the 6 largest industries, the largest growth was for finance & insurance (2.6%), and healthcare (2.5%). The largest decline was in professional services (-3.3%). bit.ly/vicindicators
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November 21, 2025 at 3:21 AM
3/4 Gross Value Added (GVA) measures net economic impact (outputs less inputs). Victoria’s 6 largest industries account for 53.0% of GVA - finance & insurance (9.8%), healthcare (9.7%), dwellings (9.7%), professional services (9.0%), construction (8.2%) and manufacturing (6.6%). bit.ly/vicindicators
November 21, 2025 at 3:21 AM
2/4 Victoria’s GSP growth did not keep pace with its population growth. Over the year, GSP per capita fell by 0.8% in Victoria. This is the 2nd largest decline in any state or territory, and follows a 1.2% decline the previous year. See more at bit.ly/vicindicators #springst
November 21, 2025 at 3:20 AM
3/3 Among the states, Victoria’s annual wage growth outpaced Tasmania (3.1%), matched that of New South Wales and South Australia (3.3%), and was slower than Western Australia (4.0%), Queensland (3.4%) and national wage growth of 3.4%. See more at bit.ly/vicindicators #springst
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November 19, 2025 at 10:34 PM
2/3 Victoria’s WPI rose 3.3% over the year to September 2025. This remains well above the Melbourne CPI of 2.6% over the same period, and is the fifth consecutive quarter of annual wage growth outpacing CPI. See more at bit.ly/vicindicators #springst
November 19, 2025 at 10:33 PM
5/5 Victoria’s full-time share of employment fell over the year to October 2025, from 68.3% to 67.7%. This measure has been trending down since peaking at 70.0% in March 2023. See more at bit.ly/vicindicators #springst
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November 14, 2025 at 12:00 AM
4/5 Victoria’s participation rate – the proportion of the working age population employed or looking for work –decreased from 68.2% to 67.8% over the year to October 2025 but remains above the national average (67.0%). See more at bit.ly/vicindicators #springst
November 14, 2025 at 12:00 AM
3/5 Employment in Victoria rose by 52,625 persons (1.4%) over the year to October 2025 – below its 10-year trend rate of 2.3%. This increase was driven by a rise in female employment of 67,956, while male employment fell by 15,331. See more at bit.ly/vicindicators #springst
November 13, 2025 at 11:59 PM
2/5 Victoria’s unemployment remained at 4.7% in October and was 4.5% this time last year. Victoria’s unemployment rate remains above the national unemployment rate (4.3%) and was the highest of all states. See more at bit.ly/vicindicators #springst
November 13, 2025 at 11:59 PM
6/6 Furnishings, household equipment and services grew by 1.2%, following a 0.1% decline over the previous year. Growth in household textile prices largely drove this trend – rising by 8.5% over the year to September 2025. See more at bit.ly/vicindicators #springst
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October 30, 2025 at 5:48 AM
5/6 Communication rose by 1.9%, up from a 0.3% decline over the previous year, reflecting strong growth in telecommunication equipment and services – 1.8% annual growth to September 2025 after declining by 0.4% to September 2024. See more at bit.ly/vicindicators #springst
October 30, 2025 at 5:48 AM
4/6 Transport saw 0.9% growth after a 1.3% decline over the previous year, underpinned by a moderation in falling automotive fuel prices and growth in private motoring and other motor vehicle services. See more at bit.ly/vicindicators #springst
October 30, 2025 at 5:48 AM
3/6 Annual Melbourne CPI growth was up from the 2.0% annual rise to June 2025. This is the first increase in the annual growth rate since June 2024 and the first time the quarterly growth rate has exceeded 1% since March 2024. See more at bit.ly/vicindicators #springst
October 30, 2025 at 5:47 AM
2/6 Melbourne CPI rose 2.6% over the year to September 2025, and 1.2% over the quarter. Over both the year and the quarter, Melbourne CPI growth was the 3rd slowest of all capital cities, ahead of Adelaide and Darwin. See more at bit.ly/vicindicators #springst
October 30, 2025 at 5:47 AM