Did you know that North Lakes has been recognised as Queensland’s fastest-growing tech hub over the past decade after experiencing an astonishing surge of 2,900 per cent in tech job opportunities?
According to the Tech Council of Australia’s Queensland Tech Jobs Opportunity report, South East Queensland is leading the state in tech job growth.
The report sheds light on the remarkable impact of Queensland’s technology sector on the state’s economy, as it currently employs over 140,000 tech workers. Furthermore, this figure is projected to skyrocket to 185,000 by 2030, making the tech industry three times larger than Queensland’s agricultural sector.
The report also points out that the surge in tech jobs is primarily occurring beyond inner-city Brisbane. Areas such as Logan, the Gold Coast, and the Sunshine Coast have also witnessed impressive growth in tech job opportunities. However, it’s worth noting that Inner Brisbane has seen its tech workforce expand by 10,000 jobs over the last 10 years.
Following North Lakes, Jimboomba secured the second position, with Southport coming in third among the fastest-growing tech suburbs in Queensland.
The growth of tech jobs in the state has outpaced other occupations significantly since 1985, progressing through different phases. From the mid-’80s to the mid-’90s, tech jobs grew 1.3 times faster than overall job opportunities, entering their “Uptick” phase from 1995 to 2005, growing 1.6 times faster.
The “Tearaway” phase from 2005 to 2020 saw a four-fold increase, and during the COVID-19 pandemic (2020-2023), the tech job market surged five times faster than other occupations, termed the “Going for Gold” phase.
The report also highlighted the overall strength of Australia’s tech job market, which has become the seventh-largest employing sector in the country, providing employment to 861,000 people.
“1 in 16 working Australians work in tech sector jobs, and there are more software engineers and developers in Australia than solicitors, plumbers, hairdressers,” Tech Council of Australia said.
The organisation also cited that tech jobs, regardless of their nature, offer lucrative salaries. At an hourly rate, entry-level positions in the tech sector pay 32 per cent more than the average wage across the economy. On a weekly basis, tech jobs provide a substantial 64 per cent higher pay compared to the overall average.
Workers in the tech sector perceive their jobs as more flexible compared to other industries. Moreover, tech jobs are known for their higher job security. The rate of people leaving the tech industry after eight years is 4.7 per cent lower than in high-paying industries and 6.2 per cent lower than in other sectors.
Published 31-July-2023
