The RBA has released an economic snapshot of the economy shows some key stats.
We know that as the mining investment boom fades the RBA are keen for construction and consumer spending to take over and fuel our economy.
You’ll see in the bottom right-hand side – the share of the services sector in the economy, with 57% of all economic activity in Australia being services.
That’s one of the reasons when I look for a suburb to invest in I look at the demographics of the people who live or want to live there, the types of jobs they do and their disposable income.
This is not judging people – I just look for a demographic of people with high disposable incomes (service sector) and not blue collar or first home buyer locations.
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