January 2021

January 2021

February 5, 2021

In December 2020, the value of Western Australian new home loans rose by 10.7%, while the number of dwelling approvals grew by another 7.8%. Both are around twice the levels from a year ago. Western Australian employment grew by 0.4k, while the unemployment rate fell to 6.2%, the lowest of all states. Perth consumer prices declined by 1.0% in Q4 2020, driven by a 66.7% plunge in electricity prices caused by the A$600 electricity credit introduced by the Western Australian government in October 2020.

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