FACTBase Bulletin 36 - Perth’s prosperity through the 2008 Global Financial Crisis

This FACTBase investigates the impact of the 2008 Global Financial Crisis (GFC) on Australia’s capital cities by reviewing personal income between financial years 2004/05 to 2011/12 and consumer price changes for the period 2005-2012.

Key Findings

• Post Global Financial Crisis, Perth was one of the better-performing cities in Australia with rising mean personal incomes overtaking Melbourne’s and Perth having the highest growth of mean taxable incomes out of all the Australian cities.
• Perth’s mean personal taxable income (MPTI) grew unevenly between 2005 and 2012.
• The SLAs located in the western suburbs had the highest MPTIs and the SLAs of Wanneroo – South, Bassendean and Gosnells had the lowest MPTIs.
• The gap between the lowest and highest SLA MPTI was $119,214.