Mortgages and rents might not sound like recruitment topics. They are. 🏠
The current picture
- Cash rate at 4.85%
- National home values down 2.8% over the year to October, with capitals down 4.8% and regions up 3.4%
- Rental vacancy at or below 1.5% in every capital
- National unemployment at 4.7%, with employment down 39,300 in September
How it affects hiring
- Candidates are cautious: people with mortgages think twice before leaving secure jobs
- Salary expectations stay firm: high rents and repayments keep pressure on pay
- Relocation is harder: low vacancy makes finding a rental tough
- More candidates available: rising unemployment widens the pool in some states
What to do
Employers: offer certainty, clear probation and relocation support. Candidates: weigh total package and stability, not just base pay.
👉 Hiring for this right now? Tell us about the role and a specialist recruiter will come back to you, usually within one business day.
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