- 30 July 2018
Australia's Jobs Report Beats On All Fronts
Business Insider reports that according to Australia’s Bureau of Statistics (ABS), employment jumped by 50,900 in seasonally adjusted terms, breezing past the median economist forecast that was looking for an increase of 16,500.
Employment has never been this high, with the proportion of Australians with a job sitting at levels rarely seen in several years.
That’s undoubtedly good news for our economy and requirement for housing!
Which market should I invest in??
This question is without a doubt the most common question we get!
Therefore, very illuminating information coming through from our friends at RP Data/Core Logic:
Revisiting The Value Differential Of Housing Between Australia’s Capital Cities
They explain that Sydney is the nation’s most expensive capital city housing market currently with the median dwelling value in June 2018 recorded at $870,554.
The premium for the median dwelling value in Sydney relative to the other national capital cities is 21% for Melbourne, 76% for Brisbane, 98% for Adelaide, 89% for Perth, 99% for Hobart, 101% for Darwin and 48% for Canberra.
With dwelling values in Sydney now falling, the premium is reducing, however, the cost of housing in Sydney relative to other capital cities is generally significantly higher than the long-term averages.
With, therefore, some great opportunities available in other States, while Sydney takes a breather!
The 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!
Warm Regards,
Troy
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