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These are the industries with the fastest rising salaries in Australia

Source:Dimond Pony Trading Pty Ltd. Pubdate:01-Sep-2023 Author:Dimond Pony Trading Pty Ltd. Viewed:

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Attribution:Getty

Salaries in advertised job listings in Australia are rising, but not all industries have it as good as others.

According to employment group Seek, advertised salaries across the country rose 4.6 per cent in the 12 months to July 2023, a slight increase on June's number.

But while some industries found their wages rising far higher than that average, others were noticeably sluggish by comparison.

Here's how the top 10 of them fared.

10. Manufacturing, transport and logistics: 4.4 per cent

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Attribution:Nine

Breaking into the top 10 is a wide-ranging sector of manufacturing, transport and logistics, which enjoyed a 4.4 per cent increase.

9. Design and architecture: 4.6 per cent

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Attribution:Christie's International Real Estate

Salaries for jobs in design and architecture rose by exactly the national average over the past year: 4.6 per cent.

8. Sales: 4.7 per cent

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Attribution:Paul Jeffers/The Age

Ever so slightly higher on the list is salespeople, whose jobs attracted a 4.7 per cent rise in advertised salaries.

7. Accounting: 4.8 per cent

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Attribution:Getty Images/iStockphoto

With Australia now firmly in the middle of doing their taxes, plenty of accountants are getting work – the sector saw a 1.1 per cent growth in salaries over the past three months, and 4.8 per cent in a year.

6. Administration and office support: 4.8 per cent

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Attribution:Nine

That's the same rise seen in administration and office support jobs.

5. Construction: 5.4 per cent

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Attribution:Nine

Construction is a volatile industry, with news of building companies collapsing emerging frequently.

Even so, advertised wages in the sector still rose significantly, up 5.4 per cent.

4. Retail and consumer products: 5.5 per cent

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Attribution:Louie Douvis

An even bigger rise was seen in the retail sector, where salaries increased by 5.5 per cent.

3. Trades and services: 5.9 per cent

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Attribution:9News

At 5.9 per cent, trades and services saw the biggest growth of all the larger industries, according to Seek.

The trades and services industry continues to go from strength to strength, recording advertised salary growth of 5.9 per cent over the year to July, the company said.

This is the most rapid growth of the larger industries.

2. Community services and development: 6.7 per cent

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Attribution:Nine / Janie Barrett

There's a big jump to the second-placed industry on the list: salaries for jobs in the community services and development rose 6.7 per cent in the past year.

1. Insurance: 9.2 per cent

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Attribution:Getty Images/iStockphoto

But the jump to first place was even larger still: insurance salaries went up a whopping 9.2 per cent in the last year, with Seek noting that changes in a smaller industry like insurance can be more volatile.

https://www.9news.com.au/finance/fastest-slowest-growing-salaries-by-industry-australia-seek-data/862211cf-fe01-470e-acca-3d6c31606f35?ocid=edm-nine.com.au-ninedaily--230829&mktg_scr=edm-ninedaily#19


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