RBA’s Heath: Upbeat on recent economic data

Reserve Bank of Australia's (RBA) Alexandra Heath, Head of Economic Analysis, is on the wires now, via Reuters, making a scheduled speech on the outlook for the housing market.

Key Points:

Recent economic data positive.

Now more confident about a sustainable pick-up in non-mining business investment.

Says "paying close attention" to house prices given effect on household wealth.

Dwelling investment not likely to contribute much to growth over next couple of years.