Central Sydney Fuels 24 Percent of Australia's Growth

The transcript discusses the economic shifts in Australia, particularly the decline in mining investment in Western Australia and the resulting migration towards cities like Sydney and Melbourne. This has led to a construction boom and infrastructure development in these cities. The global trend of urbanization is also highlighted, with a focus on the challenges faced by policymakers in managing these changes. The Reserve Bank of Australia's monetary policy and the potential use of macro prudential measures to address housing market issues are discussed.

Discuss the implications of a two-speed economy in Australia.

What are the expected economic growth rates for the upcoming year?