Attached for those interested. Key points are:
- RBA expected to keep rates on hold until March, 2014;
- Business investment in WA lifts in June quarter after declining for nine months;
- Unemployment in WA stable at 4.8 per cent, but expected to lift to 5.5 per cent;
- Increased turnover in the upper end of the Perth established property market lifts House Price Index 11 per cent, with million dollar homes changing hands at fastest pace since 2007;
- Established property market listings rebound slightly, lifting 15 per cent in Perth;
- But land listings continue decline in Perth, with developer lots levels declining 25 per cent in June quarter;
- Developer lot sales in Perth lift in August, although they remain below March/April highs; and
- Dwelling approvals and new home finance continue to trend upwards in WA, driven by owner-occupiers in Perth and increased construction of semi-detached dwellings.
