Demand for Australian real estate workers is starting to fall
Australia has added jobs in each of the past 17 months, the longest stretch on record.
In just the past 12 months alone, employment has surged by over 420,000, near the highest level on record over a comparable period.
Given the trends in job advertisements, a lead indicator for employment growth, it looks like there may be further gains to come.
According to SEEK’s latest Employment Report, job advertisements placed on its platform surged by 16.2% in the year to March, led by strong worker demand across most individual sectors.
The year-on-year percentage growth in advertisements by individual sector is shown in the chart below.