The other side of the terms of trade mountain

Value of land and dwellings owned by households

I am a fan of the household balance sheet (table 34) in the Australian Financial Accounts (most recently updated on Thursday last week). The consistently lower interest rates since the mid 1990s have been capitalised into the value of land and dwellings owned by households.

A quick look at the boom and bust states

Boom

Steady

Bust

More post mining boom charts

Mining boom states employment still holding up

Employment by sector

Recently I have been looking at the impact of the TOT boom (2003-2011) and bust (2012-now) on employment by industry sector. Charts follow.