After the SEEK survey, there comes several positive job advertisement figures in Australia. Total job ads are now 26% higher than in 2013. Since the torrid 2013, Queensland is leading with the strongest annual increase across all states. Queensland has plenty of the best opportunities in the next 10 years.
Townsville is ready for a rise in economy after a few steady years while the Chinese tourism boom will continue to boost the Gold Coast, Sunshine Coast and Cairns. The Commonwealth Games is also coming in 2018 and the Gold Coast and Brisbane are expected to benefit from it.
According to the ANZ Stateometer, Queensland has started to pick up in the June quarter. There may still be some challenges ahead, specifically in the construction sector, but Queensland’s medium term prospects seem to be increasingly doing better.
What can you do during this period of growth?
It is important to seek professional advice in navigating the different market conditions in Australia. Chan & Naylor does not sell properties so it remains unbiased. We would love to help you whether you are a beginner or seasoned property investor.
Chan & Naylor Group has nationwide offices in Brisbane and Capalaba in Queensland, Melbourne and Moonee Ponds in Victoria, East Perth in Western Australia, and South West Sydney, Parramatta, Pymble, North Sydney, and Sydney in New South Wales.
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