The West Australian
WA’s construction inflation was a key factor in the recent decision by the Reserve Bank of Australia to keep the cash rate on hold, with the State leading the nation in that category.
Cotality revealed WA build costs increased the most in Australia — up 0.7 per cent over the June quarter — which is 20 basis points higher than the national average of 0.5 per cent.
The cost of new dwellings comprised the largest weight in the CPI calculation.
RBA governor Michele Bullock said the “slightly stronger than expected” national increase was a key reason the RBA kept the cash rate on hold this month.
To read the article in full, with further insights from Cotality, visit The West Australian.