Access a high-level summary of Western Australian economic data and domestic financial market developments. The note also includes a focus on selected current issues related to the Western Australian economy.
- 11 Dec 2025 Monthly Update November 2025
Western Australian gross state product rose by 1.3% in 2024-25, with state final demand up by 3.0%. The annual rate of Perth CPI inflation dropped 0.7ppts to 4.3% in October. WA wages growth accelerated to 4.0% YoY in Q3, while the unemployment rate ebbed to 4.1% in October. According to Cotality, Perth home prices rose by 2.4% in November.
- 12 Nov 2025 Monthly Update October 2025
The RBA Monetary Policy Board kept the cash rate target unchanged at 3.60% at its November meeting. The Perth CPI rose by 1.3% in Q3, to be 4.5% up through the year. Western Australian employment rose by 6.6k in September, while the unemployment rate was 4.3%. The Cotality Perth home value index rose 1.9% in October, to be up 9.4% YoY.
- 08 Oct 2025 Monthly Update September 2025
As expected, the RBA kept the cash rate target at 3.60% in September, but turned a bit more hawkish. Western Australian employment rose by 1.2% over the year to August, while the unemployment rate was 3.8%. Perth home prices rose by 1.6% in September and dwelling approvals fell by 7.3% in August.
- 09 Sep 2025 Monthly Update August 2025
The RBA Monetary Policy Board cut the cash rate target by 25bps to 3.60% in August.. Western Australian state final demand rose by 0.5% in Q2, to be up by 2.9% YoY. The wage price index rose by 0.8% in Q2 in Western Australia, to be up by 3.7% YoY, the most of all states. Western Australian employment rose by 2.8k in July, while the unemployment rate was still low at 4.2%.
- 12 Aug 2025 Monthly Update July 2025
The RBA Monetary Policy Board unexpectedly left the cash rate target unchanged at 3.85% in July. The Perth CPI rose by 1.9% in Q2, to be up by 2.7% through the year. Western Australian employment rose by 2.6% over the year to June, while the unemployment rate was 4.1%. Western Australian retail sales rose 0.3% in June and were 5.3% higher through the year.
- 08 Jul 2025 Monthly Update June 2025
A softer-than-expected Australian CPI indicator for May increased the chance of an RBA cash rate cut on 8 July. Employment rose by 16.5k in May in Western Australia and the unemployment rate fell to 3.9%. Western Australian real state final demand rose 0.2% in Q1 2025 to be up 3.6% YoY. Perth home prices rose by 0.8% in June to be up 7.0% YoY.
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Banner image top - Perth City. Image courtesy of Tourism Australia.