Employment is the key to Killarney Vale Property Prosperity | 24/06/2025

One of the most important economic indicators from a bank's perspective is a market's employment profile. High unemployment leads to high delinquencies, low housing demand and higher levels of distressed selling. All of this feeds into lower property prices and higher risk from a bank's perspective. For this reason, it is beneficial for all property owners to closely monitor employment trends, as banks' concerns should also be a concern for investors.

The good news for Killarney Vale is that its unemployment rate remains low, and the industry's employment diversification is relatively stable. The table below illustrates the diverse range of employment industries represented by residents of Killarney Vale.

The census data for Killarney Vale-Tumbi Umbi from 2016 to 2021 shows a total of employed persons aged 15 and above increasing from 5,241 to 5,566 (+325). The biggest growth sectors include Health Care and Social Assistance, which rose from 773 to 998 (+225, a 17.8% share in 2021), and Education and Training, growing from 386 to 478 (+112, a 7.7% share). These reflect rising demand in public services.

The most significant declines occurred in Retail Trade, which dropped from 662 to 558 (-104, a 11.1% share reduction), and Manufacturing, decreasing from 391 to 364 (-27, a 6.3% decline). However, Construction grew from 687 to 779 (+92), suggesting an increase in infrastructure.

This indicates a shift towards service industries, with health and education expanding, while retail and manufacturing face challenges. The Central Coast Council's employment distribution remained stable, with minor shifts in percentage.

Banks and property owners will closely watch the 2026 Census. I suspect the trend toward service industries will only grow.

If you would like to discuss your property plans, please get in touch with us at Mortgage Choice Central Coast in Erina.



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