Monthly Market Highlights
January 9, 2023
• Western Australia’s real state final demand increased 0.6% in Q3 2022 to be up 3.3% YoY.PDF Download PDF PDF Download Japanese PDF
• The Western Australian unemployment rate was steady at 3.5% in November.
• The CoreLogic Perth home value index rose 0.1% in December to be up 3.6% up through the year.
• The value of Western Australian merchandise goods exports was A$69.3b in the three months to October.
December 5, 2022
Western Australia’s gross state product rose by 3.1% in 2021-22. Western Australian retail trade was unchanged in October, but rose 7.7% over the year. October also saw a 5.7% increase in dwelling approvals in Western Australia. According to CoreLogic, Perth house prices were flat in November, to be 3.9% up through the year.PDF Download PDF PDF Download Japanese PDF
November 8, 2022
The RBA board dialled back the pace of tightening, raising the cash rate by 25 basis points at both the October and November meetings following a series of 50 basis point increases. A peak in the cash rate of 3.85% is priced in for 2023, down from the 4.10% that was priced in at the end of September.PDF Download PDF PDF Download Japanese PDF
October 11, 2022
The RBA Board raised the cash rate target by 50 basis points to 2.35% at its September meeting. Western Australian real state final demand rose 0.1% in Q2 to be up 3.3% YoY. Employment rose 0.9k in Western Australia in August, with the unemployment rate falling to 3.1%. The Western Australian regional home value index increased by 0.3% in September, to be up 6.9% YoY.PDF Download PDF PDF Download Japanese PDF
September 8, 2021
Western Australian employment rose by 6.4k in July, while the unemployment rate declined to 3.2%.PDF Download PDF PDF Download Japanese PDF
July also saw a 1.6% rise in Western Australian retail sales, which took the annual increase to 10.5%.
Western Australia’s wage price index rose by 0.8% in Q2, to be 2.7% up through the year.
The CoreLogic hedonic home value index declined by 0.2% in August but remained 4.9% higher than a year ago.
August 9, 2022
The RBA raised the cash rate by a further 50 basis points to 1.85% at its August Board meeting. The Western Australian unemployment rate was 3.4% in June. The Perth CPI increased 1.7% in Q2, to be 7.4% higher than a year earlier. According to the CoreLogic Home Value Index, Perth house prices rose 0.2% in July, to be up 5.5% YoY. Western Australian dwelling approvals rose 1.7% in June.PDF Download PDF PDF Download Japanese PDF