Why is the Security Guard Industry in Sydney Booming?

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Why is the Security Guard Industry in Sydney
Booming?
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y-is-the-security-guard-industry-in-sydney-booming
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• The security guard industry in Sydney is booming.
  Analysts expect demand for over 50,000 security
  guard jobs in Sydney over the next 5 years. Many
  employees in other sectors are facing job
  shortages due to automation and changes in the
  working world, yet the security industry is
  growing at a huge rate. In this article, we
  examine why.

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Infrastructure Boom
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• NSW (Sydney in particular) is undergoing a
  massive infrastructure expansion. Just ask any
  Sydney-sider and they will tell you. A major Road
  in the Sydney CDB has been shut down for 2 years
  to make way for a new light rail system.
• A new freeway from the western suburbs to Sydney
  CBD has just started construction (The west
  connex).
• When such large amounts of investment are put
  into infrastructure projects, one of the primary
  knock on industries is security as there are a
  lot more state owned assets that need protecting
  and this protection is required for the full
  life-cycle of these projects which can sometimes
  take decades to complete.

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• The world is currently awash with opportunities
  for cheap credit especially for governments.
  Bond yields are down at record lows and interest
  rates have never been cheaper in Australia.
• The NSW state government is borrowing huge
  amounts of cheap cash and is investing it in
  infrastructure projects on a magnitude we havent
  seen for a while.
• So while security is an industry that has largely
  benefited from the expansion of the
  infrastructure spend, it has also expanded due to
  the other industries that have expanded due to
  this spend, such as construction. Everyone needs
  security.

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Construction Boom
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• Sydneys property boom started just after the GFC
  and hasnt yet stopped (October 2016). Sydney
  property prices are now at record highs and this
  has driven investment in construction, especially
  in apartments.
• Along with the investment in infrastructure
  (mostly public owned) there have been huge
  investments in Sydney property (mostly privately
  owned) and this too has been a key driver to the
  demand for cost effective security guard services
  across Sydney. The expansion of construction in
  Sydney apartments has seen the creation of
  assets, assets that need protecting. Hence
  further demand for security guards in an industry
  already struggling to cope.

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Automation
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• As stated before, many workers face having their
  jobs automated by machines in the next couple of
  decades. It is unlikely that anyone born this
  year will have a career as a truck driver or a
  taxi driver as we will likely have self-driving
  vehicles performing those jobs well within the
  next ten years.
• Some security related jobs may also be lost in
  the short term due to better surveillance
  technology, but any security guard job which
  requires judgement is less likely to be lost in
  the short term until we see rapid advances in
  Artificial Intelligence.

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• While these influences are not unique to Sydney,
  it is a place where many other jobs in other
  industries have been replaced by machines, but it
  is difficult to automate the responsibilities of
  a security guard. This likely to be the case for
  many years.
• Publicly funded infrastructure projects combined
  with a property market boom and apartment
  expansion have seen rapid increases in demand for
  security guards across Sydney, all in an industry
  which has been largely unaffected by automation.
  There has never been a better time to be a
  security guard in Sydney.

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Contact Us
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• DALTON SECURITY
• Address lvl 2 36-38 Wentworth Ave Surry
  Hills NSW 2010 Australia
• Call on 02 9283 9881
• Website http//daltonsecurity.com.au/