July 2022

July 2022

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.

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