Skills shortages 'not too many' years away

Font size :

By Robert Carry

Australia will soon be back to almost full employment with skills shortages once again becoming a key constraint on economic growth, Treasury secretary Ken Henry has said.

His comments came after the Westpac-Melbourne Institute leading index, which indicated the pace of economic activity, clocked an increase of 1.7% - to take it to its highest level since August 2008.

The index highlighted a dramatic increase in overtimes along with increased share prices and rising profits.

According to The Australian Financial Review, Westpac chief economist Bill Evans said that the leading index had rebounded from the current latest downturn far more sharply than it did after the 1980s or 1990s recessions. He added that its levels indicated that growth could reach 4% next year.

With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now

Mortgage News and Articles

How to tell when a housing market is cooling How to tell when a housing market is cooling

You need to check clearance rates, listings, and the price gap, among other factors Read more

Growing demand for green apartments in Sydney Growing demand for green apartments in Sydney Both owner-occupiers and investors favour eco-friendly buildings for their energy-saving features and reduced environmental footprint ... Read more

Are property investors as rich as they appear? Are property investors as rich as they appear? A multi-property portfolio doesn’t guarantee easy millions ... Read more

Be proactive about getting a better mortgage deal Be proactive about getting a better mortgage deal Apathy could be costing you a considerable amount of money over the lifespan of your loan ... Read more

More mortgage news and articles

Sponsored Links

Monday, Sep 25, 2017
Top Featured Rates
Top Bank Rates

Get help choosing the right home loan

Let us help you find the right home loan for your needs.

Tell us a bit about your circumstances:
  • Purpose of mortgage
  • Household Income
    $
  • How much do you want to borrow?
    $
  • How much deposit do you have?
    $
  • How much is your house worth?
    $
  • How much do you still owe on your mortgage?
    $
  • What type of mortgage do you have?


  • How much is your new home?
    $
  • How much do you want to borrow?
    $
  • How soon do you want a mortgage?
Next
  • First name
  • Last name
  • Where do you live?
  • Phone number

Special Offers

Related Keywords