Fall In Jobless Rate To Fuel Higher House Prices
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Fall In Jobless Rate To Fuel Higher House Prices

Unemployment is at its lowest since figure March 2020.

By Terry Christodoulou
Fri, Mar 19, 2021Grey Clock < 1 min

Unemployment has fallen sharply over February and is now close to pre-covid shutdown levels.

According to data from the Australian Bureau of Statistics (ABS), the national unemployment rate seasonally adjusted fell sharply by 0.5% over February to 5.8%, the lowest rate since the pre-covid results of 5.2% recorded over March 2020.

Following strong buyer demand in Australian capital cities, with Sydney and Melbourne housing prices rising sharply in the first quarter of the year, experts are tipping lower unemployment figures to fuel higher housing prices.

“A rapidly improving labour market will enhance housing affordability and confidence, adding upward pressure on already strongly growing prices,” Dr Andrew Wilson, Chief Economist My Housing Market said.

All states reported falls in the jobless rate over February with Queensland performing strongest, falling 0.8%. NSW and VIC reported the lowest jobless rates at 5.6%.

“Concerns over the possible significant negative impact on the economy of the tapering of the Job Keeper allowances at the end of this month will also likely to be misplaced – again,” Dr Wilson added.

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By Robyn Willis
Fri, Aug 19, 2022 < 1 min

Treechangers seeking a home and income should take note of this west coast property in picturesque Pickering Brook in the Perth Hills, which comes with its own live-in residents.

Known as ‘the Margaret River of the Hills’ the area boasts stunning bushland while being just 30 minutes from all the amenity Perth has to offer.

With eight bedrooms and 10 bathrooms, this property is a home and business, operating as a thriving day spa, Hidden Valley Eco Lodges and Day Spa.

The private main residence is made of rammed earth for thermal comfort and has three bedrooms, luxurious bathroom and a large open plan living area. A private jacuzzi on the spacious entertaining deck is the perfect spot for enjoying beautiful bushland views at the end of a long day.

For day spa guests, there are four deluxe spa treatment rooms serviced by qualified staff, a reception area and lounge plus a commercial kitchen. Overnight guests can choose from five lodges with fully equipped kitchen and heated jacuzzi. As a going concern with a consistently high annual turnover, it’s a unique opportunity for the right buyer.

Set over 5.46ha, the property is also home to a very special group of residents: a small herd of alpacas, which are included in the sale.

Price guide: $6.5 million

Inspection: By expression of interest

Agent: Susanne Broido, The Agency 0499 770 237