Pete Wargent blogspot

PERSONAL/BUSINESS COACH | PROPERTY BUYER | ANALYST

'Must-read, must-follow, one of the best analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for accurate & in-depth analysis' - David Scutt, Markets & Economics Editor, Sydney Morning Herald.

'I've been investing 40 years & still learn new concepts from Pete; one of the best commentators...and not just a theorist!' - Michael Yardney, Amazon #1 bestseller.

Tuesday 19 January 2021

Payrolls keep climbing over the year

Jobs return

Payrolls experienced the usual seasonal dip in December, but take a look at the December results compared to a year ago.

Total employment looks set to recapture record highs in 2021 in Australia, which is a remarkable effort in such a short period of time.


Source: Fabo, Macquarie

New home sales have also soared as buyers rushed to beat the year-end deadline for the HomeBuilder stimulus.

December house sales were up 92 per cent in the month to be 100 per cent higher than a year earlier. 


Source: HIA

This is the biggest lift in new home sales in two decades. 

Meanwhile listings are being mopped up at a fast pace, taking stock on market towards record lows on CoreLogic's figures:


Source: CoreLogic

Only post-lockdown Melbourne has more listings than a year ago - almost everywhere else has seen monster declines. 

Roy Morgan's latest survey showed consumer confidence with regards to future finances rising to a 15-month high. 

All this continues a steady stream of positive economic data for Australia.

But with no clear plan emerging to allow international travel...airlines, aviation, and tourism businesses face insolvency, and, with international students now leaving the country, the higher education sector also faces disarray.