There have been strong signals over the past week that the Australian economy has turned the corner, and things are starting to look up, said David Bryant, chief executive officer at Australian Unity Investments. “Australia seems to be on the cusp of a growth upswing, with the latest GDP and household consumption figures providing good news. The GDP numbers released earlier this week were the best in four years, showing GDP is up over three percent for the year. If you excuse last June, which was weak, the last three-quarters are running at 3.7%. It was also very pleasing to see household consumption added almost half a percent to the GDP increase, and it was widespread across a number of areas. The only real area of concern was the lower engineering, construction and business building figures, but these were not really a surprise."