The economy of Australia appears to be going from strength to strength with promising new job figures setting stock markets alight.
Those buying property in Australia may be pleased to hear that 45,900 new positions were created in the country last month, providing a significant boost in confidence for investors.
According to the Herald Sun, the Australian Bureau of Statistics' announcement fuelled further gains in the stock market, which was already performing well after a healthy Wall Street session.
The number of new jobs created was around three times the amount that the market had expected, while unemployment steadied at an 18-month low of just over five per cent.
Rory Robertson, an interest rate strategist for Macquarie, told the news provider that "the jobs report again was as strong as ten men."
He added: "Impressively, full-time employment rose for the tenth-straight month."
Meanwhile, Mark Delaney, chief investment officer at Australia's leading superannuation fund, AustralianSuper, suggested that Australian property was a sound choice for people to make in the current economic climate.
He told the Business Spectator that now is a "good time to invest in property" and that his firm was "not worried about property values".
Posted by David McElwain
Those buying property in Australia may be pleased to hear that 45,900 new positions were created in the country last month, providing a significant boost in confidence for investors.
According to the Herald Sun, the Australian Bureau of Statistics' announcement fuelled further gains in the stock market, which was already performing well after a healthy Wall Street session.
The number of new jobs created was around three times the amount that the market had expected, while unemployment steadied at an 18-month low of just over five per cent.
Rory Robertson, an interest rate strategist for Macquarie, told the news provider that "the jobs report again was as strong as ten men."
He added: "Impressively, full-time employment rose for the tenth-straight month."
Meanwhile, Mark Delaney, chief investment officer at Australia's leading superannuation fund, AustralianSuper, suggested that Australian property was a sound choice for people to make in the current economic climate.
He told the Business Spectator that now is a "good time to invest in property" and that his firm was "not worried about property values".
Posted by David McElwain
