SEEK recently hosted a webinar where the Senior Economist Blair Chapman provided some great insight on the Australian market. Here are some of the key takeaways for us in Brisbane:

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Economic Activity

Australia’s economy has slowed from the post-pandemic rebound and is now tracking closer to its long-term trend. Interest rate cuts this year are aimed at lifting confidence and supporting growth.

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Employee Living Costs

Inflation has eased back into the RBA’s target range, but households are still feeling pressure from high rents, utilities, and mortgages. Wages are slowly improving, helping to offset some of the cost-of-living squeeze.

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Dwelling Prices in Queensland

Property prices in Brisbane and across Queensland are climbing again, driven by lower mortgage rates and strong migration demand. The state is still more affordable than NSW or Victoria, but that gap is closing quickly unfortunately.

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Temporary Visa Holders by Category

Temporary visa holders remain key to filling workforce gaps, especially in healthcare, hospitality, and construction. Student visas, working holiday makers and employer-sponsored visas continue to make up the bulk of growth.

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Employment by State – Annual Growth Since 2024

South Australia has led the country in job ad growth while Queensland continues to post solid gains across construction, healthcare and services. NSW and Victoria lag behind with Sydney and Melbourne still below pre-COVID levels.

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