May 3, 2019

WA Residential Market Bucks The National Trend

Category: Economic Update

The Western Australian residential building market is bucking the National trend. WA private residential approvals improved 3%+ in March versus a very weak month for residential approvals across the rest of the major states. It is also encouraging that WA residential sales are now up year on year in trend terms versus over 20% declines […]

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November 15, 2018

WA Economic Update – Strong Full Time Employment Growth

Category: Economic Update

The Australian unemployment rate fell 0.1% in October to stand at 5.1%, which is the lowest rate since 2012. On a seasonally adjusted basis, WA recorded a 1.9% rise in the number of people employed which was supported by a strong 4.6% gain in full time employment year on year. WA’s unemployment rate subsequently fell […]

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August 30, 2018

WA Economic Update – Building Approvals Rebound Trend Continues

Category: Economic Update

The improving trend in WA private sector dwelling approvals continued in July with trend approvals gaining 1.1% over the month whilst the national market retreated 1.3%. Private sector house approvals in WA grew 3.5% on a seasonally adjusted basis whilst headline seasonally adjusted numbers decreased 15% driven by movements in the very volatile monthly apartment […]

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August 1, 2018

WA Economic Update – Building Approvals Rebound

Category: Economic Update

Private sector building approvals in Western Australia grew month on month for a third period in a row in June according to data released yesterday morning. This is encouraging following six months of weaker numbers surrounding the turn of the calendar year. WA private sector numbers increased by 7% in June versus a national market […]

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July 19, 2018

WA Economic Update – Employment Trend Growth Resumed

Category: Economic Update

June employment growth across Australia was a very strong 51k driven by solid growth in New South Wales and Queensland. Pleasingly, approximately 3,000 jobs were added to the Western Australian Economy with the increase being driven by part-time employment growth. In addition, the unemployment rate in WA has declined marginally despite a further increase in […]

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July 11, 2018

WA Economic Update – Boom time in Mining?

Category: Economic Update

Mining industry utilisation increase – a precursor for higher wages in WA?

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June 16, 2018

WA Economic Update – Ray of hope in wage inflation data

Category: Economic Update

Although wage growth in Australia (+2.1%), and Western Australia (+1.5%) in particular, remains anaemic, there was one bright note contained in the data released by the ABS this morning. The lesser spotted beast ‘Government cost control’ has appeared with WA public sector annual wage inflation running below private sector wage inflation for the first time […]

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