Home > Our Publications > Australian Outlook> 2003 > September

THE OUTSIDE world may be in turmoil but Australia's economy continues to bubble along and shows no sign of stopping for at least two years, according to most experts and forecasters.
It is being led by a huge boom in residential housing with prices in all States showing big gains over the past 12 months, although prices are still well below levels in south-east England.
Business confidence, especially among small and medium companies is at the highest level for nearly ten years at 61 per cent, with more jobs expected to be created.
This is great news for potential migrants, especially as they will have the skills that Australia desperately needs.
People who will be in the biggest demand in coming years include teachers, nurses, accountants and doctors, according to a new survey by the Federal Government.
Other skills which will be needed include child-care workers, hairdressers and medical technical officers.
As baby boomers end their working lives trade unions estimate that at least 5,000 teachers will be needed nation-wide by 2005 with up to 25,000 by 2010 and a staggering 30,000 in the next ten years, if State governments do not do more to retain and attract staff. Major vacancies will occur in maths, science and technology, according to a separate report by the Federal Education Department.
Nurses and secondary school teachers have the best prospects, according to the survey, "Job Outlook".
Second in line come primary school teachers, general managers, computing professionals, social workers, electricians, and sales assistants. More accountants will be needed following an increase in corporate governance standards and the greater complexity of the country's tax and financial systems, according to Greg Larsen chief executive of CPA Australia, which represents nearly 100,000 accountants.
At the other end of the scale, shops managers, secretaries, personal assistants and painters are among those with only 'average' job prospects, according to "Job Outlook," which rated the employment prospects for nearly 400 occupations.
Teachers, nurses and other medical staff should have their qualifications recognised by the relevant authorities in Australia.

THE OUTSIDE world may be in turmoil but Australia's economy continues to bubble along and shows no sign of stopping for at least two years, according to most experts and forecasters.
It is being led by a huge boom in residential housing with prices in all States showing big gains over the past 12 months, although prices are still well below levels in south-east England.
Business confidence, especially among small and medium companies is at the highest level for nearly ten years at 61 per cent, with more jobs expected to be created.
This is great news for potential migrants, especially as they will have the skills that Australia desperately needs.
People who will be in the biggest demand in coming years include teachers, nurses, accountants and doctors, according to a new survey by the Federal Government.
Other skills which will be needed include child-care workers, hairdressers and medical technical officers.
As baby boomers end their working lives trade unions estimate that at least 5,000 teachers will be needed nation-wide by 2005 with up to 25,000 by 2010 and a staggering 30,000 in the next ten years, if State governments do not do more to retain and attract staff. Major vacancies will occur in maths, science and technology, according to a separate report by the Federal Education Department.
Nurses and secondary school teachers have the best prospects, according to the survey, "Job Outlook".
Second in line come primary school teachers, general managers, computing professionals, social workers, electricians, and sales assistants. More accountants will be needed following an increase in corporate governance standards and the greater complexity of the country's tax and financial systems, according to Greg Larsen chief executive of CPA Australia, which represents nearly 100,000 accountants.
At the other end of the scale, shops managers, secretaries, personal assistants and painters are among those with only 'average' job prospects, according to "Job Outlook," which rated the employment prospects for nearly 400 occupations.
Teachers, nurses and other medical staff should have their qualifications recognised by the relevant authorities in Australia.