The local job market is looking promising for those owning or renting property in Carlton, Brunswick and other Moreland suburbs.
The city council has recently released its draft for the Moreland Industrial Land Strategy (MILS), a scheme that aims to see the protection and development of its industrial lands. This should result in greater employment for the resident workforce.
An earlier blog post touched on the main driving reasons behind the MILS, which is to increase Moreland's low rate of employment self sufficiency (46 per cent) through providing a greater diversity and number of job opportunities for those in the municipality.
Figures from the Australian Bureau of Statistics, analysed by Economy.Id, reveals that in March 2015 the unemployment rate in Moreland was at 7.38 per cent. This is higher than the overall Victorian unemployment rate of 6.12 per cent, which the council hopes to remedy.
The 2015 MILS scheme will carry on from the plan laid out in 2004, which aimed to understand pressures affecting Moreland's industrial zones, examine the future of local industries and determine how it would go about in the long term planning and redevelopment of industrial land.
MILS will identify which industrial zones to retain and what land should be rezoned for alternative uses.
All industrial land in the region will be divided into three strategic categories:
The future of real estate in Brunswick looks bright with new and diverse employment opportunities coming in the next few years. Want to settle in? Get in touch with Ray White Brunswick today.