Monthly Market Highlights

  • April 2022

    May 11, 2022

    The RBA has decided to increase its cash rate by 25bps to 0.35% and announced a passive wind-down of its balance sheet. Western Australian employment rose by 7.6k in March, while the unemployment rate fell to 3.4%. Perth CPI inflation rose to 7.6% in Q1, reflecting unwinding of the WA government’s household electricity credit.

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  • March 2022

    April 7, 2022

    The RBA Board kept its cash rate target unchanged at 0.10% at its April Board meeting. However, the RBA dropped any reference from its post-meeting statement that it will be patient as it monitors how the various factors affecting inflation in Australia evolve, raising market expectations for an interest rate hike as soon as June. Western Australian dwelling approvals rose by 8.0% in February.
    Western Australian retail sales fell 2.9% in February, but were up 10.5% through the year.
    Western Australia’s unemployment rate was 4.1% in February.

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  • February 2022

    March 10, 2021

    Western Australian real state final demand rose by 0.1% in Q4 2021 to be up 4.5% YoY. The Western Australian wage price index rose by 0.5% in Q4, to be 2.0% up through the year. Western Australian employment rose by 8.8k in January, while the unemployment rate stood at 3.7%. Western Australian retail trade picked up by 4.7% in January, which was the largest gain of all states.

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  • January 2022

    February 11, 2022

    The RBA left its cash rate target unchanged at 0.10% at its February meeting but announced that it will halt its
    A$4 billion a week bond buying program on 10 February.
    The Western Australian unemployment rate fell to a 13-year low of 3.4% in December.
    The Perth CPI rose by 1.4% QoQ and 5.7% YoY in Q4.
    The value of Western Australian exports was A$51.5 billion in the three months to December.

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  • August 2021

    September 9, 2021

    The Western Australian unemployment rate fell to 4.6% in July, with employment up 6.5k in the month. Western Australian dwelling approvals fell 11.3% in July but were 62.6% higher than a year earlier. Real state final demand rose 1.2% in Q2 2021 in Western Australian to be up 12.4% YoY.
    Western Australia exported A$70.5 billion of merchandise goods in the three months to July. This was 58% of Australia’s total merchandise goods exports over the period.

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  • December 2021

    January 13, 2022

    Western Australian employment rose by 22.7k in November, to reach a record 1,444.0k.
    The Western Australian unemployment rate fell to a fresh nine-year low of 3.8% in November.
    The Perth home price index rose by 0.4% in December, to be 13.1% higher YoY. This is moderate compared with the other Australian capital cities.

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