2024 Inflation Rate Australia Qld. This year, australia’s property market proved its adaptability and resilience, even in the face of inflation and affordability challenges. Inflation expectations have not been below 4.5 per cent since august 2021.

Since the reserve bank of australia (rba) began lifting the cash rate in may 2022,. The inflation rate year over year is 2.8% (compared to 3.8% for the previous quarter).