Australian Employment and House Prices

[PropRate]

The recent Labour force release from the Australian Bureau Statistics reported that the
Unemployment rate decreased from 5.0% to 4.9%. What does this mean for house price inflation? see more on http://wp.me/pTU04-7v

Are affordability issues out weighing low unemployment levels

[mattinvestor]

As a recent update of the employment rate in OZ, Australia's unemployment rate is now at 5.2 per cent from October 2011. Therefore, it rose since early 2011

[freeloader]

As a recent update of the employment rate in OZ, Australia's unemployment rate is now at 5.2 per cent from October 2011. Therefore, it rose since early 2011

I went to a property research session and the said the unemployment is not the only determining factor on house affordability. It's the number of people employed.

[Moses Opondo]

Employment/Unemployment affects housing market, but i think the impact of a drop of 0.1% is negligible.

[jenni_nextplace]

Employment and wages, the average wage can't afford to buy the average house.

[Tan]

Australia is so huge that the left side is totally different from the right side and the top wouldn't recognise the bottom. I can't see how cumulative stats apply here.

[freeloader]

You're right tan. Australia is so big each state has it's own cycle. Compiling it together is almost meaningless. To be fair we need to look at whose has recently lost their jobs to see what the market might look like. Sydney n Mel are losing bankers so likely top end property price will lose out. Here hoping