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Australian Economy Alive and Well, Despite Media Coverage

Announcement posted by Origin Projects - Land & New Homes in WA 27 Mar 2014

Developer of house and land packages in Perth suburbs reveals statistics that belie the “gloom and doom” stance of many in the media regarding the Australian economy.
Perth, WA, 27 March 2014 - A look at a magazine, newspaper, Internet page or television news show often involves coverage of a “struggling” Australian economy. A recent look at a popular news website showed stories on the “10-year high unemployment rate”, the “inevitable rise of the GST”, the “ticking time bomb” of disability payments and a “fall in business conditions”.

According to Madeleine McErlain, Marketing Manager of 4Land Property Group, Australia’s economy is not nearly as bad as daily exposure to the media would make it seem. In a recent blog post, Ms McErlain pointed out some statistics that put the Australian economy in a much better light than many feel the media has recently.

Ms McErlain bases her optimistic outlook on retail sector growth, some Australian economy indicators and some global economy indicators.

Retail Sector Growth

The Australian Workforce and Productivity Agency recently stated that retail jobs are slated to grow by as many as 109,000 during the coming four years. Approximately 16,000 jobs are going to be created when Coles expands, creating 70 new supermarkets, 8,000 retail jobs and 8,000 construction jobs.

While the media continues to focus on the loss of jobs in the resource industry or automobile factories closing their doors, Ms McErlain would rather focus on all of the new jobs that are being created.

A Growing Economy

In 2013, the Australian economy grew by 2.8%, which was more than the 2.5% that most economists predicted. 0.8% of this growth occurred in the December quarter. As far as anyone can tell, growth is continuing at a pace of 0.8% for the current quarter. Projected over a year, that is a pace of 3.2% growth. That number is more than acceptable and is an indicator of a healthy economy.

The Share Market


The share market in Australia is doing well, with the S&P/ASX200 predicted to rise above 6,000 points in 2014. In addition, markets in the US, which still affect the Australian economy, are holding steady. The global economy is also recovering from the GFC. This bodes well for Australia.

The Housing Market

According to Ms McErlain, the housing market in Perth currently offers a “window of opportunity”:

“Housing is about to become a lot more expensive. Properties in many Perth suburbs saw capital growth in the area of 10% for 2013 and we see continued capital growth. The combination of first home buyers’ programs, an improving economy and record low interest rates has stimulated the housing market. When demand is increased, prices always increase as well.”

Ms McErlain continued, “At 4Land Property Group, we are currently able to offer house and land packages in Perth suburbs like Munster, Erskine, Pearsall, Sinagra and Landsdale for between 10% and 15% below the median price for established homes in those suburbs. When combined with low interest rates, right now is probably the most affordable that homes will be for quite a few years.”

Ms McErlain concluded, “Prices are going to rise and interest rates are going to rise. It will never again cost less to buy a home than it does right now.” 

4Land Property Group offers house and land packages on their high-quality estates in Perth suburbs such as Munster, Pearsall, Erskine, Sinagra and Landsdale as well as land packages in Geraldton. For more information, call (08) 9301 4445 or visit their website: http://www.4land.com.au/.