Real Estate and Construction Boosts Jobs for Aussies

Published : 29 June 2016

The latest data from SEEK Employment shows that new jobs ads are increasing, which means more job opportunities for Aussies.

There were 2.7 per cent more new roles advertised on SEEK in April than 12 months ago and while the rate of growth has slowed, the SEEK trend data shows there is no sign of an overall decline in job advertising.

Michael Ilczynski, Managing Director of SEEK Employment, said New South Wales and Victoria remain the driving force behind the strength of the overall labour market.

"New South Wales job opportunities are up 8.4 per cent from 12 months ago and Victoria is up 4.4 per cent. These are very solid growth figures and we consider these two states to be in a healthy position particularly as the job opportunities are coming from a broad range of industries.”

South Australia represents the most exciting development in the performance of job advertising recording its third consecutive increase in job advertising; a positive signal given the state has struggled economically for some time in delivering a noticeable increase in labour demand.

There are 4.8 per cent more job ads in South Australia than 12 months ago.

Queensland new job ads have notched down from where they were a year ago. Over half the industries in the state are showing positive growth in new job ad volume, however this is weighed down by the declines in other industries such as insurance, superannuation and mining.

Western Australia remains the weakest market with new job ads still well below levels seen a year ago.

Mr Ilczynski said the continuing strength of the labour markets was fuelled by construction, and real estate and property.

Across Australia, construction jobs have increased 12 per cent, while real estate and property jobs increased 10 per cent.

Industry breakdown shows that demand for labour has increased across many real estate and property sectors on SEEK, particularly commercial sales, leasing and property management, and retail and property Development.

Mr Ilczynski said the significant increase in new residential construction should also increase job opportunities in this sector.