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More time at home means many Australians now have the opportunity to re-assess their lifestyle and spending habits and set some serious saving goals. So how can you actually go about it?

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In this episode of The nestegg Podcast, host Grace Ormsby is joined by Melbourne-based Reventon’s Billie Christofi to talk all things finance and the impact of isolation on our hip pockets.

In stage 4 lockdown, Billie shares the importance of going back to basics when it comes to budgeting, methods to re-assess spending habits, and some of the less conventional ways people can boost their wealth at this time.

Thanks Billie, for sharing your insights with the nestegg podcast team!

Have an investment story to share? Get in touch at [email protected] and you might get featured on an upcoming episode!

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What can jobs data tell investors about property?

By Cameron Micallef

November 13 2020
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Invest

What can jobs data tell investors about property?

By Cameron Micallef
November 13 2020

Property investors are being advised that improving jobs data in a region can be a forward indicator of a strengthening market.

What can jobs data tell investors about property?

By Cameron Micallef

November 13 2020
Share

Property investors are being advised that improving jobs data in a region can be a forward indicator of a strengthening market.

In seasonally adjusted terms, the Internet Vacancy Index (IVI) increased by 6.4 per cent (or 8,700 job advertisements) in September 2020 to stand at 144,000.

Despite this increase, job advertisements are 12.2 per cent (or 19,900 advertisements) below the level recorded in September 2019.

“It is very close to its trend line between 2014-2015. Between those periods, unemployment was 5.5 to 6.2 per cent,” InvestorKit’s head of research, Arjun Paliwal, said.

“Due to this job index strengthening to this mark, eventually it is a sign of employment improving.”

With Australia showing signs of recovering in the jobs market from the COVID-19 pandemic, Mr Paliwal explained how the strengthening job data could be a positive sign for the property market.

“Employment in isolation is not a driver because you can have strong employment but a lot of properties available.

“However, what employment does is set the cursor for sentiment, which is a key indicator for property growth,” Mr Paliwal said.

While highlighting that a strengthening job market in isolation will not immediately lead to capital growth, Mr Paliwal said investors can use the data as an early indicator of capital growth as jobs and sentiment and eventual housing consumption is linked.

“You could have 10,000 new jobs come into a market, but if there’s a high level of available stock, it is going to be irrelevant.

“The key part is once you’ve identified those markets with balanced or lowering stock levels, when you see the job market improving, that is going to help with sentiment, which will lead to owner-occupiers taking up credit, and that can lead to capital growth,” he explained.

Mr Paliwal said the improving job data, consumer sentiment, lower interest rates and a shortfall of supply all point to an improving property market.

“There are many regions across the country outside of our capital cities that are seeing double-digit increases in the vacancy index, as well as interest rates starting with a one.”

“We are very much on the cusp of a geographic property boom,” Mr Paliwal said.

The researcher is quick to point out that this is a geographic property boom, with the likes of Sydney and Melbourne unlikely to match the pace of growth of some of the regional towns.

“If you look at dwelling and population, Sydney and Melbourne represent close to 40 per cent.

“So, when you look at total properties growing outside of the capitals, it’s 60 per cent.

“So, if investors look at Australia geographically, a big make-up of Australia will be showing price pressure because so many things are coming together for it,” Mr Paliwal concluded.

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About the author

Cameron Micallef

Cameron is a journalist for Momentum Media's nestegg and Smart Property Investment. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leverage their insights to grow your portfolio.

About the author

Cameron Micallef

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