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:
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
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