Fears that the economy may be facing a jobs vacuum next year have got some investment experts questioning whether Australia will be able to fill the growth gap left by the mining boom in the coming years.

Housing, retail spending and tourism are often touted as sectors likely to help fill the national income gap as they're already benefiting from a surge in growth helped by record low interest rates and a weaker Australian dollar compared to a year ago.

Some analysts say the better-than-expected jobs data does not paint an accurate picture of the labour market. Credit:Louise Kennerley

But some experts say growth in these sectors may not be sustainable longer term, which could make the transition in growth harder to achieve.

"I think there is a real danger that next year we could see unemployment going up," said Tyndall Investment Management's head of fixed income Roger Bridges, adding that record low interest rates are needed to keep the momentum in spending and housing going.