Table 1: Contributions to Australian GDP Growth* Per cent per annum 1995–mid 2007 mid 2007–2013 Domestic Final Demand Consumption Business Investment Mining Other Industries Dwelling Investment Public Demand Gross National Expenditure Net exports GDP  4.1 2.3 1.1 0.3 0.9 0.2 0.9 4.0 −0.2 3.7  2.9 1.4 1.1 1.0 0.1 0.0 0.6 2.8 −0.2 2.5  (*) Components are not additive given nature of the chain-volume series.
Sources: ABS; RBA One’s assessment of prospects for consumption will be driven mainly by one’s assessment of the outlook for income, but will also be affected by expectations about asset values and in particular one’s view on whether housing prices are overvalued.