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Chart 6

Unemployment rate holds at 5.7% in April 2016

The Australian Bureau of Statistics (ABS) released labour force data for April 2016 earlier this week.  The data is one of the key economic releases each month and obviously employment is an important factor for the housing market.  Someone that is employed with a high level of job security, working as many hours as they […]

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The economic factors to watch for in 2015 that may impact the housing market

The combined capital city housing markers have seen values increase by 7.0% over the first 11 months of 2014.  Throughout the whole of 2013, capital city home values increased by 9.8% indicating that the rate of home value growth is likely to be lower this year than last.  On an annualised basis, combined capital city […]

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RP Data auction market comment | Adelaide

Clearance rate of 72.2% across capital cities on spring eve

RP Data National Auction Comment, week ending 31 August, 2014 A preliminary weighted average clearance rate of 72.2 per cent was recorded this week across capital cities compared to 69.5 per cent last week and 71.5 per cent this time last year. This is the highest recoded since early March this year. Data from the last […]

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Chart 7

Unemployment peaks lower than forecast on lower participation

The Australian Bureau of Statistics (ABS) recently published labour force statistics for May 2014. The data reported that the national unemployment rate was steady at 5.8%, the 3rd month in a row it had been recorded at this level. The rate of unemployment is up from 5.5% a year ago but still well below the […]

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Participation rate males v females

How solid is Australia’s jobs market?

Jobs are an important element of the housing market equation…. Without a job it’s hard to keep up mortgage payments or apply for a loan; and the same can be said when the hours worked are too few. A weaker jobs market will generally translate to less wages growth and less upwards pressure on dwelling […]

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Labouir force underutilisation rate

The good news and the bad news on Australian labour markets

Good news: 71,500 jobs were created over the month of February Bad news: 75% of them were part time roles The February labour force data published by the ABS earlier this week caught most of us off guard. The number of jobs created was nothing short of spectacular, the rate of unemployment remained steady at […]

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Wisest place for savings

Is the housing market set to make a comeback?

My short answer to that question would be maybe/sort of but the long answer is much more insightful. Consumer sentiment data for June released by Westpac and the Melbourne Institute this week showed that overall confidence remained quite weak however, the time to buy a dwelling index increased by 8.2% (This sub-index of the broader […]

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The Reserve Bank is in a real bind

Following a raft of economic data which has come out recently I felt it was important to reflect on this data.  It is obvious that the Reserve Bank (RBA) is currently in a very tough predicament. While much of the data is proving to be quite negative and providing a clear case for interest rate […]

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Percentage of full time jobs located within the capital city

Jobs remain heavily centralised within the capital cities

We have suggested several times on our research blog that, as a nation, Australia needs to see more geographic diversity in the labour market.  A wider geographic distribution of full time employment opportunities would imply a lessening in demand pressures in capital city housing markets and an improvement in regional demand levels where housing affordability […]

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Greater Hobart

The geography of jobs

Having a job is pretty high on the list of household priorities.  Also high on the list is having a degree of confidence that you are going to keep your job into the future and that you are going to be paid a fair amount.  With Australia’s unemployment rate at just 5.1% it’s reasonable to […]

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