GPT Group
GPT: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| B.% | LOCK|&#> | LOCK|s!&@YCg |
Job Gains Should Buoy Office Demand
More jobs have been added to office-using sectors. According to the Australian Bureau of Statistics, Australian white-collar job numbers rose 4% in the 12 months to Aug. 31. This is the strongest growth since May 2022. Compared with November 2019, there are 13% more office workers in Australia. The gains were largely contributed by hiring and real estate services, public administration and safety, and education and training sectors.
