There are positive signs that business is on the hunt for workers again following the release of two new surveys.
Whether or not you believe the most recent strong jobs figures, there are other signs business is hiring again.
Two new surveys highlight renewed demand for workers, and if you live or are prepared to move to NSW, the chance of securing a job is even better.
The Department of Employment’s latest vacancy report shows that over the past year internet advertisements for NSW jobs have soared more than 21 per cent, almost double the pace of Australia as a whole.
Overall, job ads rose 3.8 per cent in August to be 12.8 per cent higher over the year.
Recruitment company Hudson has found hiring intentions are at an 18-month high with one in four of 4000 employers surveyed looking for new staff in 2014.
“We are seeing some positive signs in the Australian economy,” Treasurer Joe Hockey told parliament on Wednesday.
Even adjusting for the “extraordinary number” of a 121,000 jobs increase in August, job creation has been running at least three times faster than under Labor.
However, those willing to move to NSW – or Victoria for that matter – for work will find a racy housing market and one the Reserve Bank appears to be becoming increasingly edgy about.
In its latest financial stability review, the central bank said strong prices were to some extent expected given the low interest rate environment.
“However, the composition of housing and mortgage markets is becoming unbalanced,” it says.
This has been most evident in the strength of investor activity in Sydney and Melbourne.
It believes an increase in interest-only loans by both owner-occupiers and investors might be encouraging increasingly “speculative motives” behind housing demand.
It is in discussions with the Australian Prudential Regulation Authority about steps to reinforce sound lending practices, especially to investors.
The suggestion that so-called “macro-prudential tools” are being considered shows the depth of concern.
But National Australia Bank economists noted RBA Governor Glenn Stevens called such tools a fad only a few weeks ago.
That implied their use may still be some way off.