Unemployment

One of the figures that is keenly followed by all property investment advisers is unemployment. It gives us a pretty good indication of how the general economy is doing and will reflect the confidence of consumers.

The current unemployment figures were just released by the ABS and were better than anticipated.Β  Predictions said that unemployment would be around 5.5% however, forecasters were proved wrong when the figures remained unchanged at 5.4%. This had the effect of not reducing rates by the RBA.

For someone not knowing how to get started in property investment, I would advise following the unemployment numbers. This could be a good indicator of when the market is likely to take a turn and start to grow.