How is our Australian workforce shaping up? Well, since the 2016 Census, our workforce has been bunching up. In other words, we lost, in relative terms, skill-level 4 and 5 jobs while adding skill-level 1, 2, and 3 jobs. Structurally we now have more higher and middle-income earners and fewer low-income earners. In his column…
The nature of how and where we work is changing. Some industries are losing workers and other types of jobs are gaining more workers. In a previous post demographer Simon Kuestenmacher explained how Australia’s population is aging. That’s one of the reasons why the largest job growth in Australia came from aged, or disabled, carers….
Have you wondered how Net Overseas Migration (NOM) affect apartment sub-markets? Well, Mr Richard Temlett, Research & Strategy Director at Charter Keck Cramers suggests that Net Overseas Migration (NOM) is a key driver of several housing sub-markets across Australia. This is particularly the case with the many apartment sub-markets which still primarily rely on NOM…
We know that Australia’s immigration virtually came to a halt over Covid, but that’s changing now. Our recovery in net migration recovery continued in September. In fact, September’s overseas arrivals and departures data showed a continued normalisation of migration. Permanent and long-term arrivals were similar to their pre-pandemic levels, while permanent and long-term departures remain…
The unemployment rate has fallen to 3.4 per cent, from 3.5 per cent last September, according to the latest release from the ABS. In fact, employment increased by around 32,000 people in October, while the number of people looking for work fell by 21,000. And more Aussies are working now than before the pandemic, with…
A lot of Australia’s millennials left the inner cities during the pandemic. In fact millennials aged 30-39 are leaving the inner city behind in search of family-sized housing, while the younger millennials, those aged between 22-29, still need a few years before thinking about kids. But it’s more than that. From June 2020 to June…
Dwelling approvals fell 5.8% over the month of September according to the latest ABS data. Daniel Rossi, Director of Construction Statistics at the ABS, said: “The fall in approvals was driven by private sector houses, which declined 7.8 per cent. Approvals for private sector dwellings excluding houses fell 1.8 per cent.” Overall detached house approvals…
Australia has long been viewed as home to some of the best, most beautiful and even safest cities in the world. It’s unsurprising then that one of our home cities managed to make Time Out’s list of 53 Best Cities in the World for 2022. In fact, it’s surprising that more didn’t make the list!…
Is Australian migration finally recovering? Well, the overseas arrivals and departures data for August show a continued return of net migration, though student arrivals in July and August remain well below pre-pandemic. In fact, preliminary data for September shows ongoing recovery in total arrivals and departures alongside continued normalisation of travel patterns. But cross-border movements…
There’s lots of talk about property values plummeting, but what’s really going on? The Real Estate Institute of Australia (REIA) President, Mr. Hayden Groves confirmed that their latest Real Estate Market Facts found that Australian housing prices fell over the June quarter as rising interest rates and inflation impacted affordability, but not all cities and…
