Further, last week's inflation figures revealed one piece of gratifying news - the mining construction boom has not left Australia with an inflation problem, such as has been the case when booms have been experienced. Strip out the effect of the carbon price, and annualised inflation actually sits below the targeted 2-3% range (and thus ultra-low interest rates may be maintained).
- the total value of work done in Australia during December quarter 2012 has been revised upwards by $582.1m or 2.8%.
- the total value of work commenced in Australia during December quarter 2012 has been revised upwards by $1,790.9m or 8.8%. This was driven by revisions to non-residential commencements ($844.4m) and new other residential commencements ($621.5m).
- the number of dwelling unit commencements in the December quarter 2012 has been revised upwards by 3326 dwellings or 8.4%.
I also got sledged several dozen times for "looking like Jesus", "don't give this bloke two lives", "the batter's been resurrected", "he's their saviour..." etc etc. Youngsters today...no respect (not that I had any either when I was a young pup, to be fair).