What does the future hold for Melbourne?1:02
Future Melbourne editor Nick Richardson details the Herald Sun's in-depth investigation into what's next for Victoria's capital.
Future Melbourne: Which Victorian jobs are tipped to grow?
- Future Melbourne: What’s it all about?
- In which direction will Melbourne grow?
- What’s planned for Melbourne’s CBD of the future
- New suburbs to grow from Melbourne’s industry ashes
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A JOBS bonanza in IT, design, engineering, scientific research and financial services could create up to 200,000 new positions in Victoria during the next 15 years.
State Government forecasts a surge in professional services by 2030, with an additional 2000 jobs to follow if Victoria wins a key defence contract.
Many of the new jobs will be in Melbourne, which is building its reputation as a preferred regional headquarters for major international tech companies, including GoPro, Slack, Zendesk and CultureAmp.
According to Victorian Government research, professional services — which is the broad category of the new jobs — is the largest and fastest growing sector of the state economy. It already contributes almost a fifth of Victoria’s total economic output.
Victoria is also in the running to build the Australian Army’s land equipment program Land 400, a $14 billion project that could generate an additional 2000 jobs in regional Victoria.
The new jobs help to compensate for the decline in manufacturing that has historically underpinned the state’s employment. The new jobs are also well rewarded, with the highly skilled workers paid on average 30 per cent more than the average weekly wage.
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But the challenge will be to attract the skilled labour to Melbourne to ensure the growth forecasts are met.
Economist Marcus Spiller forecasts the Melbourne CBD will remain at the forefront of the jobs creation for skilled workers — it has the amenities and transport connections, plus rents that are cheaper than Sydney.
But there will be growth in the suburbs around jobs dubbed “social assistance’’ roles — healthcare, aged care, teaching and childcare jobs.
Aged care jobs are set to grow in suburbs with older populations, such as Croydon and Doncaster.
Both have been identified as two of the top five locations in Australia with a population aged over 85, according to .id — the population experts.
In 10 years, both suburbs are forecast to have more than 1200 residents aged 85 or above.
Childcare and education jobs are expected to be more common in suburbs with younger families.
The incentive for ensuring employers can tap the professional services talent pool is upwards of a $22 billion shot in the arm for the state’s economy by 2025, according to Boston Consulting Group.
Melbourne is already the base for one third of the nation’s engineering workforce, which promises to grow in the next 30 years.
Innovation Minister Philip Dalidakis said 8000 tech companies with a total of 91,000 employees called Victoria home.
The plan is to make Victoria an international hub for research and development in cybersecurity within the next decade.
OUR JOBS OF THE FUTURE
PROFESSIONAL SERVICES
■ Technical design, scientific research, information technology, financial services, adult education and training
DEFENCE
■ Engineering, design, information technology
CONSTRUCTION
■ New building materials, environmental performance, government projects
MEDICAL TECHNOLOGY AND PHARMACEUTICALS
■ Developing new products, expanded operations, research and development
HEALTH PROFESSIONALS AND SOCIAL ASSISTANCE
■ Dentists, physiotherapists, pharmacists, childcare workers, care workers for the aged and disabled
HOSPITALITY
■ Hotel and motel managers, cooks, food workers (bakers, butchers, pastry cooks)
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