Office markets to benefit from a surge in jobs growth Q1 2018
Over 400,000 full time jobs were created in Australia last year, the highest in 12 years and double the long term average. As Figure 1 shows, the big turnaround story was Queensland showing the strongest growth in the country, with NSW, Victoria and WA close behind.
Australia looks like becoming a ‘one-speed’ economy again as growth rebalances between the states. Mining investment is no longer a significant drag on growth and the Queensland and WA economies are beginning to respond.
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