AUSTRALIAN PULSE POINTS
Our working environment is changing. Industries associated with building things are being replaced by services as the major driver behind our economy.
This is being fuelled by, not only population growth, but by the growing international demand for Australian services.
Some one million new jobs are expected to be created over the next five years across Australia. Yet there is likely to be little wage growth. Some areas will do better than others, in terms of jobs and in particular, wage growth. Knowing where these areas are should help enhance an investment property’s future performance.
Of the 87 labour force regions across the country, our work, as outlined in our new report, has suggested that there are just 15 which are forecast to see both strong job growth and an above average lift in the proportion of higher paying employees.
The interplay between job creation and the higher wages is what we call a pulse point.
To find out where these 15 pulse points are and also what is happening in the other 72 labour force regions, get a copy of our new Australian Pulse Point report – go here.
PS Have been in Tassie – refreshed now – after some great snow trekking in Mt Field National Park, staying in the new MACq 01 hotel and dining out at some new joints, with of course generous helpings of Lark Whiskey! Matusik Missives return to normal programing next week.
Keen to hear your thoughts.
Until next time,
Not all Missives are posted on our website. Sign up and we’ll deliver every Matusik Missive direct to your inbox. Go here to subscribe. It’s free!