What's next for Brisbane jobs

Thr next wave of jobs in Brisbane.
http://www.theaustralian.com.au/bus...t/news-story/fb12ce04bfb1a118ff38db722c040cce

 

The takeaway I got from this article is that Sydney & Melbourne are still way in front for jobs but Brisbane has some sort of comparative advantage with foreign jobseekers on Indeed.com?

I'm guessing it comes down to Rental affordability vs Proximity to the city ; amongst other metrics?

 

The takeaway I got from this is yes Sydney and Mel are significantly in front however Brisbane is catching up and will soon be seen by international talent as a viable competitor to Sydney and Mel.
That's also what a lot are seeing on the ground as well.
What's interesting is that it's more IT and tech- an industry that brisbane is traditionally not known for. I would have thought maybe engineering, financial services....but IT?..welcome nonetheless.

 

The article is a year old. Is it still relevant?

 

Yup..sure is. this stuff doesn't happen overnight... it can take a long time for new (large scale) projects to come online.. budgets refreshed etc all takes time.
In general, Brisbane has capacity to grow high value(non mining) jobs... and that's what they doing.

 

The planning trend is definitely for development of employment hubs along existing or new rail transport links. It's happening in North west and other parts of Sydney and will also happen in moreton with all the rezoning that has gone on up there.

 

What Brissy jobs lol

 

there's no really high IT paying jobs or many IT jobs in Brisbane or the possibility of these happening is limited. The jobs that would come from Brisbane are mining or engineering. I think it is best to not read every article to think it is absolute truth - without a reasonable opinion on whether it is logical in the first place or not. The writer is not a CIO of IBM, Deloitte, PWC or Accenture (otherwise that would carry a bit of weight). I once read an article on an auction where there were 60-80 bidders when in truth it was only 5-6. The biggest paying of IT jobs lie in Canberra which are the gov jobs. You could earn 150-250K per year contracting. all the biggest HQ of IT firms lie within Melbourne and Sydney which is the bulk of their business operations are. ASX200 companies HQ are also mostly located in these 2 cities where they use systems like SAP which hires and pays top end IT workers. Even Indian IT companies are opening HQ in Melbourne and Sydney like the likes of Wipro, Infosys.

 

Those jobs are here- just not as many of them, but is increasing ( however as the writer correctly points out- well behind Sydney and mel).
The salaries for those are 10-15% less than Sydney.
The biggest advantage Sydney and mel have :
1. Established presences ( companies you mentioned)and thus many of those jobs
2. Choice and options- if the candidate wants to move from one employer to another, its going to be easier ( assuming all else is the same) in Sydney and mel.

Brisbane has a huge cost advantage especially in real estate, despite salaries being only 10-15% less.
( Can also see the salary tables published by all major recruitment agencies to compare like for like jobs across cities and the salaries that they pay).
The other advantage Brisbane has is that its growing fast and has scope to grow given its low starting base ( number of jobs). Its increasingly seen as good value by foreign companies and investment- just look at the stuff that's going on..its not public tax payers money funding it.
However, the biggest driver for Brisbane is...me. As long as im still here, Brisbane will continue to grow- guaranteed

 

there are- just not easy to get the really good ones.
Have to be good at what you do and lucky. Not saying your not...
Most people in Brisbane hold onto them very tight if they have such jobs. Its not like you can walk across the street and replace it easily. Its getting there, but still nowhere near the ease of replacement as is currentrly in syd/mel.

 

none taken abt job and lucky - of course they are in any part of the world (they will be highly paid jobs) but I would say the ratio is 25% of what the bigger cities and HQs for IT

First Brisbane ppl dun spend 2-3K in auction something about culture etc. Now Brisbane people hold on to their highly paid jobs without changing (you saying not changing in 10 years ? or 20 years). so that is why they are no good high paying jobs.

I'm sure it's getting there maybe give it 10-20 years to get the jobs Sydney has and pays.

 

Hi @JDP1. Just imagine how little hyping and spruiking you'd need to do if you were blessed as a Sydneysider?

Lol

 

What disappoints me a bit, is that the state government has not done much better at attracting the larger companies to QLD. Even if you did offer staff 20℅ less, which is good for the bottom line, that is high enough for your staff to be able to buy a place some 30mins to work. I imagine commercial office space is cheaper and more readily available as well. And well summer started 3wks ago and is here until May. I guess most IT folk are scared of the outdoors so maybe they don't care.

No way would I move to Sydney or Melbourne unless I was offered $200k+.. even then I'd probably only just break on everything else and be working 60hr weeks. I did the Melbourne lifestyle, desire to move back is pretty low.

 

Haha..yep...that's what I said in another post. I'm sure Sydneysiders are laughing at brisbanites....
But...laugh at our significantly lower mortgage whilst getting paid only a bit less.
We are not slaves to the lenders.

 

Me either. I mean, its just so easy to repay mortgages (if you bought into the market just a few years ago...)

 

This is what Brisbane will be saying in another 5 years time. just wait till all the infra being built currently is done and operating.eg queens wharf, the cruise ship complex, the new arena etc.
People will he complaining then that brisbane is expensive... just like they are now in Sydney.
Buy now to avoid disappointment. this opportunity will not last long. it's one of the best RE opportunities in Australia.. indeed likely the entire south pacific. I challenge anyone to tell me another place in the south pacific with over 2 mil pop that has the level of money in development from foreign sources.

 

My gf does SAP here in Bne. Gets paid loads. The social security project is really big and there's a bne IT campus for it. I'm not going against what your saying as I don't know much about the i t landscape beyond that but there are some here that match the exact description that you gave about the ones in Sydney and Canberra

 

I agree when Brisbane looks good value in comparison to Auckland then there's something not quite right in the medium to long term

 

Given that wages in Brisbane are not that much lower there is scope here for Brisbanites to pay quite a bit more for their properties and they will. Once the out of town investment flows in in larger numbers Brisbanites are going to start paying more and face that hard reality. If wages were a lot lower that would be be holding things back but it's not. It's a migration and employment matter that's keeping bne lower atm.
In the very inner suburbs where there is low stock and they are highly sought after there have been steady gains as locals compete with each other. Out of towners are there too but it's predominantly locals wanting to get a foothold in the inner city while they still can without needing a millionaire salary. I've seen it in West End. I've seen it in Paddington.

 

Question is have u bought anything instead of hyping in Brisbane with multiple theories ? And if so do some logical rationale why u purchase to the benefit of other pc members to learn as oppose to saying they are not many jobs as ppl sit in them for 20 years and brisbanites dun wanna spend 2-3 k more as they're tight. Auction rates are still low. I did think of buying in Brisbane and flew there to look ard but instead choose to buy in Melbourne. Instead of relying on random articles spend time researching and buying 2.2mil across 4 properties over last 6-8 months.