Monthly Updates

The Perth CPI rose by 0.4% in Q3, the least of all the capital cities, taking the annual CPI inflation to 5.8%. The Western Australian unemployment rate declined to 3.3% in September, to be the lowest of all the states. Western Australian retail trade rose 0.1% in September and was 3.0% higher than a year ago. Perth home prices rose by 1.6% in October, to be up 10.8% YoY and at a new record high.

Western Australian employment rose by 14.7k in August, while the unemployment rate was 3.8%. Western Australia’s retail trade rose by 0.5% in August, to be 4.0% up through the year, the most of all states. Perth home prices rose by another 1.3% in September, to be 8.8% up YoY and at a new record high. New home loans and dwelling approvals picked up in Western Australia in August.

Western Australian real state final demand rose by 0.4% in Q2, to be 3.7% up through the year. The Western Australian wage price index rose by 0.8% in Q2, to be 4.2% up YoY. Western Australian employment rose by 15.0k in July, while the unemployment rate declined 0.2ppts to 3.4%. Western Australia’s retail trade ebbed 0.4% in July but remained 3.6% higher than a year ago.

The Perth CPI increased 0.8% in Q2 to be up 4.9% YoY. The Western Australian seasonally adjusted unemployment rate fell 0.1ppt to 3.6% in June. The CoreLogic Western Australian regional home value index fell 0.3% in July, to be up 3.3% YoY. Western Australian dwelling approvals increased 0.8% in June but were down 2.5% YoY.

In June, Western Australian Treasury Corporation issued A$1.9 billion of a new 4.25% fixed rate coupon green benchmark bond maturing on 20 July 2033. Western Australia’s state final demand rose by 0.8% in Q1, to be 2.8% up through the year. Western Australian retail trade rose by 0.2% MoM and 5.7% YoY in May. The Western Australian unemployment rate ticked up 0.1ppts in May, to the still low 3.7%.

The Western Australian wage price index rose 1.1% (unadjusted) in Q1 to be up 4.1% YoY. The Western Australian seasonally adjusted unemployment rate increased 0.2ppts to 3.6% in April. The CoreLogic home value index for Perth rose 1.3% in May, to be up 2.0% YoY. Western Australian mining capital investment spending fell 7.5% in Q1 (unadjusted) following a 12.5% rise in Q4.