The UniSQ Drought Monitor and Australian Combined Drought Indicator (CDI) are introduced. The objective of these products is to use a multi-index approach to fully capture the long- and short-term consequences of drought as an information service for the public. Since drought is a complex phenomenon relying on multiple variables such as rainfall evaporative demand, and antecedent soil moisture conditions, monitoring drought using a single index or indicator is not always appropriate.The Drought Monitor was developed using a normalized linear combination with weighting determined by PCA. It was evaluated against observed wheat yield as well as total pasture growth simulated by the AussieGRASS model. The results indicate that there was a significant positive correlation with both. The Drought Monitor was also well-received by survey respondents and has the potential to become a valuable drought monitoring tool for identifying drought impacts and related risks.