The latest National Australia Bank monthly business survey shows that employers across all industries are hiring staff in numbers not seen since the boom conditions of late 2007. This is great news for Australia, where we already have a very low unemployment figure of 5.2 per cent.

While the resources sector is leading the charge thanks to soaring commodity prices and the huge demand from China, business confidence is rising everywhere. The recent interest rate increases have had little effect in slowing demand for new employees, and many companies are appointing people in advance of the skills shortages that are expected to follow economic growth.

This confidence also exists at consumer level. When house prices are rising, and while demand for labour keeps rising, consumers will feel confident, and will be more likely to spend and invest because they feel secure in their homes and in their jobs.

The impact on the property market will also be positive, as current homeowners look to upgrade and investors take advantage of excellent market conditions and the prospect of strong capital and positive rental returns.

It stands to reason that while many people held back as the global financial crisis created uncertainty and the fear of job losses, confidence is back now that things are so much stronger.

Those who bought property through the Global Financial Crisis (GFC) will have enjoyed capital growth of 15 to 20 per cent, simply by buying when other people were selling. You might recall that this was our consistent recommendation to Freedom News readers right through the GFC.

Of great importance is even if you didn’t invest in more property in 2009, the value of your family home might well have increased substantially.

This means that the equity in your home has grown, and you could be in a position to tap into it to use as a deposit on a new investment property. This means that you do not need to save up fresh cash to use as a deposit. Instead, the money you need to secure an investment property could be beneath your feet, in your family home, simply waiting to be put to work for you to create more wealth.

We are extremely fortunate to live in Australia. The surge in hiring is simply the latest piece of good news. However, growth in property values is one of the most important ingredients in creating confidence.

When is the best time to plant a tree? 20 years ago, or today. It’s never too late to get into property, given its historical trend over the past hundred years, where property values double on average every 8 to 10 years.

If you would like to learn more and discuss how McCarthy Group can assist you, click here.