Recent times saw the Sixth National Housing Conference in Melbourne, Australia. The Reserve Bank of Australia (RBA) reported positive forecasts for Australia's economy over the next few years.
In his own words, Mr Ric Battellino (Deputy Governor of RBA) said that the next few years will bring good news for Australia's economic development. So if you want to migrate to Australia then this the best opportunity for you, you can apply for investing in immigration endorsement in Australia.
Here are a few highlights from the speech of the Deputy Governor:
- Australia's economy is designed to retain the expansion for many years to come.
- The demand for jobs will increase as the population grows at a rapid rate..
- As a result of the growth in Asia's trading partners, there will be growth in Australia's export sector.
- Family incomes will increase.
RBA estimates that Australia will see a growth in Gross Domestic Product (GDP), of 1.75 per cent in 2009, and 3.25 per cent by December 2010. According to the bank, Australia's labour market has seen more development in the past three months.
It expects to see the market grow at its normal pace over the next year. According to reports, the country's unemployment rate fell to 5.7 per cent in September. Remarkably, Australia was the only country that has not been affected worldwide by the financial crisis.