Job ads were up by 1.5 percent in July to a seasonally adjusted 178,322, following on from a decline in the preceding month.
Advertisements are 7.3 percent higher than they were a year ago.
Unemployment is down to the lowest level since 2012, and Sydney (a typically hard job market) is up to 4.1 percent.
This is all while our population has peaked to 25 million people.
The rebound of jobs is hoped to push wages back up, which have been stagnant in many industries for a long period. This will also assist the discretionary goods market (ie, automotive).
Many experts are saying, if you can get finance, you have a huge advantage in the market place.
Lending continues to become tougher, and lack of competition in the major city areas is going to soften the market in metros.
Regional centres are continuing to grow (over 100 suburbs had 13% capital gain in the last year, over 20 had 30%+ growth).
Rental does not follow capital gain, and investors have had issues with finance where the yield is sub 5%.
This is leaving the marketplace a ‘buyers’ market, and astute investors are looking for regional centres where, 5-10 years from now, it may be feasible to knock down existing homes and build duplex/triplex/townhouses.
There is no sign upcoming that lending will become easier or more available. With that in mind, we’re working with a partner to build a ‘serviceability’ test to see if you could loan, without penalising your credit rating. This has been severely lacking in the market, and we hope will help future investors.
15th July 2019
2030 seems so far away. 10 and a half years - that's enough...