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Spotlight on Cost of Living Pressures
BCEC has launched its latest report, which examines the important issue of cost of living in WA and how real household living costs have changed in recent years. This report highlights policy issues that affect the economic wellbeing of West Australians, including the impact of cost of living pressures on income inequality and poverty. To access the report, click here.
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Bankwest Economic Update for September Quarter
The real value of residential construction activity in WA ticked up a bit in the September quarter, but only after falling by 36 per cent since peaking in the middle of 2015. According to Bankwest, there’s no guarantee that residential activity has bottomed in WA, but approvals for new dwellings suggest it probably has. However, the uptick is likely to be gentle unless WA’s population growth re-accelerates markedly and quickly – which is possible, but nevertheless unlikely.
