What happened? · In 60 seconds

Australia since May 2022, in 60 seconds

The figures most people ask about. Each shows the latest official number, how it has moved since the government took office, and where it comes from. Tap any one for the full chart and sources.

Figures as at 7 Oct 2026, 3:36 pm AEDT

Promises

18 commitments

with a measurable test: 11 met or on track, 1 in progress, 2 at risk, 4 off track or not met.

Typical household, with a mortgage

$10,486 a year

worse off than in June 2022, for a couple on the median wage, after tax, prices and mortgage.

Typical household, renting

$5,315 a year

worse off than in June 2022, for the same couple paying the median rent.

Inflation

4.0%

annual CPI inflation, measured over the past 12 months · August 2026

Since May 2022: Better−2.3 pts

Source: Australian Bureau of Statistics, Reserve Bank of Australia

Real wages: private vs public sector

−1.4%

change in private-sector real wages since June quarter 2022 · June quarter 2026

Since May 2022: Worse−1.4%

Source: Australian Bureau of Statistics, Reserve Bank of Australia

Unemployment

4.6%

unemployment rate · August 2026

Since May 2022: Worse+0.6 pts

Source: Reserve Bank of Australia, Australian Bureau of Statistics

GDP per capita vs total GDP

−0.3%

change in real GDP per person since the government took office, while total GDP grew +7.4% · June quarter 2022 → June quarter 2026

Since May 2022: little changed−0.3%

Source: Australian Bureau of Statistics, Reserve Bank of Australia

Household income per person

−2.2%

change in real disposable income per person since June quarter 2022 · March quarter 2026

Since May 2022: Worse−2.2%

Source: Reserve Bank of Australia, Australian Bureau of Statistics

Mortgage costs

+$1,113

extra per month on a $600,000 loan vs May 2022 · July 2026

Since May 2022: Worse+3.10 pts

Source: Reserve Bank of Australia

Home prices

$1.10m

average price of a residential dwelling in Australia · June quarter 2026

Since May 2022: Higher+19.5%

Source: Australian Bureau of Statistics

Electricity prices

+37.5%

change in electricity prices since June quarter 2022 · June quarter 2026

Since May 2022: Worse+37.5%

Source: Australian Bureau of Statistics, ABC News (RMIT ABC Fact Check)

Housing Accord: 1.2 million homesOff track

74%

of the required pace achieved · September quarter 2024 → June quarter 2026

No comparable mid-2022 figure

Source: Australian Bureau of Statistics, National Housing Supply and Affordability Council

Gross government debtAt risk

33.2%

gross government debt as a share of GDP (latest actual) · 2025-26

Since May 2022: Better−5.1 pts

Source: Australian Government (Treasury & Finance), Australian Office of Financial Management

Government spending (share of GDP)

26.9%

of GDP spent by the Commonwealth, the highest in 40 years outside the COVID years · 2025-26 (Final Budget Outcome)

Since May 2022: Higher+0.5 pts

Source: Australian Government (Treasury & Finance)

Net overseas migration

292,000

net overseas migration · 12 months to March quarter 2026

Since May 2022: Higher+40.5%

Source: Australian Bureau of Statistics, Australian Government (Treasury)

Green and red are used only where nearly everyone agrees which direction is better. Measures where that is a matter of opinion (house prices, migration, the size of government) are shown without colour. Not all of this is the government’s doing: each measure’s page says how much control Canberra has. How this is worked out.