Retail sales up huge 1.2% in September. Now running at improved 5.7% yoy. The wealth effect from rising house prices (especially in Sydney) seems to be trumping the fall in real incomes households are experiencing. NSW retail sales the strongest of all States at 9.5% yoy driven by household goods 9.8% yoy and Cafes etc 11.6% yoy. Queensland and NT softest
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