What a difference a year makes. In May 2021, the national unemployment rate was 5.1%. But by May of this year, it had fallen to 3.9%, according to the Australian Bureau of Statistics.

Businesses gave their employees an average wage rise of 2.4% in the year to March, according to the latest data from the Australian Bureau of Statistics.

The Australian Taxation Office has urged people to be vigilant about a new scam doing the rounds.

The ATO has detected an increase in fake websites offering to provide tax file numbers (TFN) and Australian business numbers (ABN) for a fee – but, instead, using the websites to steal consumers' money and personal information.

Large numbers of borrowers will soon be coming to the end of their fixed-rate period, with Commonwealth Bank alone revealing that $44 billion of fixed loans will expire this year, according to Canstar.

Buyers are steadily shifting their attention from houses to units.

In April, median prices rose 10.4% in annual terms for units and 18.6% for houses, according to CoreLogic – a difference of 8.2 percentage points.