Bigger & Better Beyond the Boom

The Western Australian economy has a long history of boom and bust cycles. But the latest research project to be undertaken by the Committee for Perth is aimed at stopping history from repeating itself. The two-year project, Bigger and Better Beyond the Boom will examine the size, industry composition and spatial structure of the Perth and Peel region and wider Western Australian economy at a fine grain level. It will challenge conventional wisdoms and identify strategies for a more economically diverse and robust future.

“This a very exciting project that will allow us to learn from the past, study the present, and then make recommendations for a prosperous future,” said Committee for Perth CEO, Marion Fulker.

“During the boom, Western Australia had the lowest unemployment rate and was the powerhouse of the Australian economy. Now, we have the highest unemployment rate and the latest CommSec State of the States report ranked WA’s economy last in eight key categories - economic growth, retail spending, business investment, unemployment, construction work done, population growth, housing finance and dwelling commencements.”