PHOTO: The banks are likely to write fewer mortgage loans and this could impact jobs in the sector. ABC News: Michael Coggan
Weaker house prices and the fallout from the banking royal commission will mean 2019 will be a weak year for jobs in the finance, construction, real estate and retail sectors, economists have warned.
Key points
- Economists say it will be a weak year for finance jobs, partly owing to the royal commission and partly due to weaker house prices
- The index on job ads showed financial and insurance services was the weakest performing industry of 2018
- Economists predict a weaker property market will also hit other sectors including construction, real estate and retail
New job advertisement data indicates the banking royal commission may have already curtailed career opportunities in financial services.
The Sunsuper Australian Job Index measures and tracks digital job advertisements across more than 4,000 sources.
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