Western Australia’s economic outlook for the next year remains robust, driven by record-high business and infrastructure investments, significant population growth, and strong exports. With a 4.7% domestic growth rate in 2023 (more than double the national average) the WA economy is being powered by some of the most substantial business investment seen in over a decade. With the lowest national unemployment rate of 3.4%, job opportunities are expanding in sectors like health care, construction, retail, and technical services. Producing nearly half of Australia’s exports in minerals, petroleum, agri-food, and manufacturing, WA contributes around $260 billion to the national economy.
Looking ahead, employment growth may slow slightly but should still surpass national rates. Key industries, such as resources and construction, remain strong with ongoing large-scale projects, while the state government prioritises innovation and technology investments to stimulate job creation. This environment fosters high demand for tech professionals, though hiring has become more selective (and the hiring process itself slower) as businesses proceed cautiously and place significant emphasis in identifying and engaging a diverse workforce.
Candidates are encouraged to upskill and stay informed to ensure they remain competitive as technology adoption accelerates across industries and business look to secure commercially experienced candidates who can perform multi-skilled roles. Candidate expectations (such as hybrid WFH models and continued remuneration increases) may face adjustment amid evolving market conditions, and upcoming state and federal elections could further influence economic trends.
Our experts interact with hiring managers and candidates daily, giving us unique, real-world insights into the latest salary and benefits trends.
Perth is the capital of ‘the West’ and there are plenty of reasons to live and work here. Although we don’t get as much credit as other Australian capitals, being close to the coast and our Mediterranean climate ensures the sun is always shining, which makes getting out of bed and going to work a lot easier! The technology industry, fuelled largely by steady demand and recent appetite from the major mining-resource operators, is also supported by an upturn in tech and innovation, a bandwagon of digital transformation projects, and start-ups and co-working space pop-ups. The lure of ‘Perf’ect Perth is firmly attracting tech talent back from our eastern states cousins.
Recently ranked 14th most liveable city in the world by the Economist Intelligence Unit (who cares for lists anyway!) humble Perth achieved near ‘Perf’ect scores for healthcare, education and infrastructure, ensuring a tip top quality of lifestyle for families and those seeking an option for a slightly slower pace of life. Couple all that with cost of living and housing affordability, it’s no wonder we are the nation’s most down to earth, friendly and relaxed bunch of people.
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