A Positive Start to 2016

Welcome to You All,

Firstly we hope you all had a very enjoyable Christmas and New Year. With 2016 kicking off to a positive start with an increase in enquiry level we hope you will enjoy our first newsletter for the year. We have included below an article that appeared in a recent edition of the Canberra Weekly magazine showing a returning positivity to the Canberra employment market which should have a flow on effect to the surrounding property markets throughout 2016. Historically the property market in Yass and Murrumbateman has relied on a buoyant marketplace in Canberra to supply at least 54% of the property buyers in these areas. In recent years these buyers have been absent due to the quietening of both the Canberra workplace and property markets.

Employment Outlook ‘Encouraging’ in A.C.T.

Employers in the A.C.T. are heading into the New Year with an encouraging hiring outlook, according to the most recent Manpower Employment Outlook Survey.

The survey found more employers in the A.C.T. are looking to hire than any other region across the country. Close to a fifth of employers (19%) indicate they are looking to increase their workforce, with just 6% reporting they will decrease their current headcount. The resulting, seasonally adjusted, Net Employment Outlook of +9.0%, is above national average and up 10 percent points on this time last year.

The Canberra Business Chamber (CBC) is pleased, but not surprised, by the findings of the latest Manpower Employment Outlook Survey.

According to CBC CEO Robyn Hendry, major factors in the A.C.T’s positive outlook are successful, diverse local businesses, who are very optimistic about 2016.

Ms. Hendry said the October 2015 CommSec State of the States report, found the A.C.T. has now the fastest annual economic growth rate in the nation, up by 4.0% on a year ago.

The latest Sensis Business Index also shows confidence among small and medium businesses in the A.C.T. is currently the highest in the nation. Just one year ago, it was the lowest

Ms. Hendry said the Manpower survey is not the first to indicate that Canberra businesses expect to increase employee numbers in the short to medium term.

“We recently surveyed 170 business owners from a variety of business types about the employment landscape in 2016. Nearly half thought there would be employment opportunities for skilled workers and one-third believe unskilled or semi-skilled jobs will be available next year”, she said.

Source - Allison Redman, Canberra Weekly, 17th December, 2015

Kind regards,

Michael Gray