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Australia’s state economies showed mixed momentum in Q2 2025. NSW is recovering steadily, while Victoria remains subdued. Queensland and WA are strong, driven by consumer spending and housing. SA posted solid growth despite a softer labour market. Tasmania led in demand growth through public investment. NT contracted overall, though Darwin’s housing surged. ACT saw steady gains from private investment, but consumption stayed weak.
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“Seasonal conditions remain generally favourable with late winter and early spring rainfall across most regions, including those impacted by drought. This has boosted confidence heading into the winter crop harvest with many regions now expecting to deliver above average harvest results,” says Nick Abraham, General Manager, Agribusiness, CommBank.
“Livestock commodity prices remain elevated off the back of strong global demand and re-stock activity. US tariffs continue to open new markets for Australian producers with the government engaging in talks with several countries around securing trade opportunities.”
The stars have aligned for Australian beef and cattle markets. The price of US beef imported from Australia is hitting record levels, and local cattle prices are moving higher in concert. Not only are US beef prices hitting record levels, but so is total beef consumption.
A combination of a heavily drawn down north American cattle herd and US tariffs on Brazil are limiting US sourcing options, and increasing the demand for imports from Australia.
Go deeper in the Agri Podcast with Dennis Voznesenski, Sustainability and Agriculture Economist, CommBank.
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Innovative dining concepts and strategic investment are key to Melbourne maintaining its status as a globally renowned destination for food and dining. Chris Lucas saw a gap in the local market for high-energy, design-led venues that fused world-class food with atmosphere and edge: so Chin Chin was born.
Investing in natural capital, like tree planting, may enhance profitability and resilience on farms. Learn how farmers are future-proofing operations and driving better returns by using practices that also enhance sustainability.
Adelaide-based mining technology company Chrysos Corporation is transforming minerals analysis through its innovative technology – backed by Green Loan funding from CommBank. This case study explores the company’s impressive achievements, and its plans for the future.
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1 State & Territory Quarterly Perspective – September 2025.
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