Northern Territory employment opportunities to attract investment
Savvy property investors will know that one of the most important factors to keep in mind when looking for real estate is the employment prospects of a region.
Therefore, those in the market for a property may be interested in the Northern Territory residential real estate sector, with the region set to generate 20,000 jobs over the next five years.
Territory minister for business Peter Chandler said employment levels were set to boom over the next few years, indicating overseas workers may be needed to fill jobs in the growing area.
"Training and skilling Territorians remains high on our agenda however the increase in demand will require additional workers from outside the territory," Mr Chandler explained.
"If businesses are unable to find workers locally or nationally, migration opportunities may be the solution for filling the hard-to-fill roles."
Accumulating wealth through property is something that requires a lot of consideration, with location, local employment and proximity of amenities all influencing factors on the final decision.
As employment levels increase in the Northern Territory, residential property is likely to become more in-demand, indicating profitable returns for investors and homeowners.
Mr Chandler said Opportunities Australia Expos would also be held in London, Aberdeen, Manchester and Johannesburg next month.