Mining to lead wages up

Wages set to grow

Some thumping lending to the mining sector has ramped up over the past seven months, as solid commodity prices encourage new investment (and some existing projects require renewed investment).

With all the infrastructure projects around New South Wales and Victoria underway right now, who in their right mind is going to be putting their hand up to go and work FIFO in the mining industry?

The answer is no-one, UNLESS the big dollars are on offer.

The NAB survey also confirmed that Aussie businesses are finding it harder to find appropriately skilled workers again. 

And with nominal GDP rising again, wages growth should follow in time. 

The other thing that stood out from the lending finance figures was that land sales are now falling. 

13-month low for land sales, as it's become incrementally harder to get a mortgage.