After another month of great economic expansion, Victoria has posted further employment growth across the state. This could be encouraging for those considering real estate in Brunswick, with the rising strength of the local communities a major drawcard for people – especially for investors interested in buying rental properties.
Treasurer Michael O'Brien said recently released figures from the Australian Bureau of Statistics highlighted the rising strength of the market, with the state creating 30,400 new full-time jobs over the year to September – a quarter of the total employment options created in the country over the period.
"These figures show that we are creating jobs here in Victoria, supported by our record investments in infrastructure and skills, and recent reductions in payroll tax and Workcover premiums. The lower exchange rate and low interest rates will also support economic growth and job creation in Victoria in the medium-term," said Mr O'Brien in a 9 October statement.
With economic growth expected to continue well into the coming months, the opportunity for successful property investment could be something to consider in the local Brunswick real estate market.