AI IMPACT: PERTH
Real Gross Value Added, annual % change
• Perth enters the forecast growing fastest of any capital, near 5% in 2026, before decelerating below 2% by 2030 as the current resources investment wave matures. • Slower growth represents a normalisation, not a downturn as resource sector activity remains elevated, but momentum fades as projects complete. • Demand for resources and increased office employment in the mining sector offers a countercyclical buffer to the labour market in the displacement scenario.
2025 2026F 2027F 2028F 2029F 2030F
S1: Upside - Expansion
4.3% 5.1% 3.1% 4.4% 4.5% 4.0%
S2: Baseline
4.3% 4.8% 2.2% 3.0% 2.7% 1.9%
S3: Downside - AI Bust
4.3% 4.1% -1.2% 3.5% 4.0% 2.8%
S4: Downside - Displacement
4.3% 5.3% 3.3% 4.2% 3.7% 2.7%
Source: Cushman & Wakefield Research
Cushman & Wakefield
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