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How much has house price growth outstripped growth in wages?

Posted by admin on November 19, 2021
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This month, the ABS posted a 2.2% annual increase in the Australian wage price index (WPI). The WPI measures changes in the ‘price’ of wages and salaries over time, meaning it accounts for changes in the quality and quantity of work done. The 2.2% uplift represents wages growth getting back to pre-pandemic levels, and is just shy of the decade average growth of 2.4%.

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