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INVESTMENT AND FINANCE
In seasonally adjusted chain volume terms, after falling 17.6% ($846 million) to $3,974 million in the September quarter 2006, business investment in Western Australia recovered to $4,346 million (up 9.4% or $372 million) in the December quarter 2006. An industry breakdown of state private new capital expenditure is only available in original current price terms, and as a result, does not aggregate exactly to seasonally adjusted totals. However, much of the December quarter investment growth can be attributed to the mining industry, increasing $698 million or 24.5%, as well as significant contributions from other selected industries (including retail trade, property and business services and construction) (up $148 million or 14.9%) and manufacturing (up $94 million or 33.2%).
Between May 2006 and January 2007, in original terms, the number of dwellings financed (owner occupation) by non-first home buyers fell by 2,982 (31.6%) or an average of 373 (3.9%) per month, while the number financed by first home buyers decreased by 521 (34.6%) or a monthly average of 65 (4.3%). In January 2007, there were 6,465 dwellings financed by non-first home buyers and 983 dwellings financed by first home buyers.
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