- 14 October 2018
Australia Has Never Had So Many Jobs
Well, not many people should be left wanting for a job at the moment, as according to the Australian Bureau of Statistics (ABS), total vacancies rose by 3.4% to 240,900 in trend terms, leaving openings at the highest level on record.
Over the past year, openings reported by businesses surged by 19.3%. That was primarily driven by the private sector where vacancies surged by 20.3%.
Coupled with a decline in unemployment over the same period, this indicates that labour market conditions are tightening, a necessity when it comes to building wage pressures.
As has been reported for a while now, wage growth has been very low for a while now, so with these factors, providing:
- Job vacancies increasing
- Unemployment declining
therefore with the labour market conditions tightening, wage growth should slowly start to increase.
This would be good for cost of living pressures to ease, as well as therefore giving a good solid platform under our property markets, where rents are realistic and achievable!
Property Club being the leaders in Wealth Creation through property for 20+ years now, with over 20,000+ properties settled by Club members is in the enviable position of being best placed to assist YOU to have a retirement avoiding the pension!
https://www.propertyclub.com.au/contact-us/
Contact your Property Mentor for guidance and assistance on the best deals we have at the moment and let us show you how to avoid the pension!
Have a great weekend and catch you next week!
Warm Regards,
Troy
Related Posts
Sydney Property Is Back — And The Smart Money Knows It
For years, the talk has been that Sydney is too expensive, that the best time to buy has passed, and that the market will cool. Yet history shows Sydney never stays quiet for long. After the Reserve Bank’s first interest rate cut earlier this year, buyer activity lifted and clearance rates rose above 70 per cent...
Brisbane’s Global Moment: Why Investors Should Look North
Brisbane is no longer the quiet achiever of Australia’s property market. It has emerged as the nation’s fastest growing capital city, outpacing Sydney, Melbourne and Perth on key economic and demographic fronts. For property investors, this is more than a local story, it is a global one. A Population Boom with...
Are You Overpaying on Your Mortgage?
When was the last time you actually looked at your loan structure? Not just the interest rate flashing on your statement but the whole picture. The difference between a mortgage that drains you and one that frees you up comes down to structure. In a cost of living crunch, that difference matters. The Silent Money...
- 17 September 2025