Australian Housing Dynamics and Affordability

AUSTRALIAN ECONOMY - WA GDP HAS IMPROVED 16 14 12 10 M WA AND QLD1 6 MONTHS OF JOB GROWTH IN WA AND QLD 30 NT 26 22 Tas 18 14 10 y/y % change (trend) -6 -4 WA improved -10 -6 -8 -14 -10 -18 04 06 08 10 12 14 16 18 04 06 08 10 12 14 16 18 NSW ―VIC -QLD WA -SA ―TAS NT -ACT WA EMPLOYMENT y/y % change (trend) 6 5 4 M -2 -3 06 07 08 09 Western Australia 10 11 12 13 14 17 ―Australia (excluding Western Australia) 15 16 18 19 1. ANZ Research ACT WA SA Qld NSW Vic -20 ° 20 40 60 80 '000 change in employment over year to Sep-19 WA HOUSE PRICES House prices (y/y % change) 35 30 15 10 52250404 100 120 -5 -10 -15 06 07 08 09 10 11 12 13 14 -Perth 15 16 Western Australia - Rest of state 17 18 19 * Seasonally adjusted by ANZ Research ANZ 117

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