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REIQ Journal : February 2010
Real estate employers least optimistic The Manpower Employment Outlook Survey of over 2,000 employers indicates those in the nance, insurance and real estate sectors are the least optimistic across Australian industry for the rst quarter of 2010. While the overall survey results indicate a drastic improvement in employer hiring intentions, this sector showed the weakest expectations with a growth only of 12 per cent compared to other sectors such as services which showed an improvement of 24 per cent. In almost every sector, the outlook has improved quarter-over-quarter and year-over-year, the exception being nancial services, insurance and real estate, with employers in this sector still showing caution and hiring intentions yet to surpass the gures posted at the same time last year (+15 per cent in the rst quarter of 2009). In general, Queensland employers anticipate a favourable hiring climate in the rst quarter of 2010, reporting a net employment outlook of +19 per cent. Hiring prospects in the region have strengthened considerably both quarter-over-quarter and year-over-year, improving by 12 and 14 percentage points, respectively. Residents trying to rent a home in the competitive private rental market are being given a helping hand with the introduction of the Rent Connect service to the region. The service will also soon be available at the Gold Coast, Townsville and Cairns. After successful trials of the program in Rockhampton and Caboolture the service is now available to Brisbane residents with Rent Connect o cers to be based in Buranda, Chermside and Fortitude Valley to work one-on-one with people to help them nd the home that suits their needs and secure a tenancy. The service will also help people to prepare private rental applications and link them to local real estate agents and community services. In some cases an interest free loan will be provided by the government to assist with the costs involved in establishing a new tenancy. This may include bond money and two week's rent to encourage landlords to give a tenant a go. A tenancy guarantee may also be o ered to landlords for certain clients. Tenancy guarantees are a commitment by the department to compensate the landlord for up to $1,000 for unpaid rent or property damage, which exceeds the rental bond. Community Services and Housing Minister Karen Struthers said, "It's about giving people a leg-up into the private rental market. For instance, they may be able to a ord the rent, but are knocked back by landlords because they've got a large family. "Others may not have a rental history and that makes it tricky for them to prove they can be good tenants. Young people in particular can nd it hard to rent for the rst time." For more information on the Rent Connect program visit www.communities.qld.gov.au Service to help renters now available The most effective way to reach property professionals in Queensland To advertise call 3249 7303 or email email@example.com REIQ Journal February 2010 INDUSTRY NEWS 7
December January 2010