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Dexus, Australian Real Estate Quarterly Review

Office markets to benefit from a surge in jobs growth Q1 2018

Investment Climate

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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