Jobs are a key ingredient into predicting property price growth in a particular market or local government area.
Over the next 5 years, employment growth is projected to be the strongest in occupations at the highest skill levels and 90 per cent of employment growth comes from requiring education beyond school.
As shown below, projected employment growth in Skill level 1 occupations (up by 484,600 or 11.8 per cent) and Skill level 2 occupations (83,400 or 8.1 per cent) account for more than half of the projected total employment growth over the five years to May 2024
This highlights the importance of tertiary education in the labour market.
When choosing an investment location that will grow in value – FAST, these are some concepts to be mindful of, especially when investing in regional centers, that are are still diversifying in their economic drivers and industries.
Click the graph to zoom in.