property market

Soaring Australian property market means opportunities for property professionals

by Ray Clancy on July 28, 2015

in Jobs in Australia, Property in Australia

Confidence in Australia’s property market has resulted in a shortage of real estate professionals, opening opportunities for overseas candidates.

Employers are reporting a shortage of skilled workers on both permanent and fixed term contracts, according to the latest quarterly report from recruitment experts Hays.

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Australia’s soaring property market has led to a shortage of real estate professionals

In particular they are looking for residential property managers, business development managers and residential sales consultants.

‘Real estate agencies are growing their property management portfolios and new residential apartment developments have increased in many locations around the country thanks to low interest rates and strong investor demand,’ said Chris Kent, regional director of Hays Property.

‘As a result candidate shortages continue and in some locations have forced employers to consider candidates with potential and transferable skills over previous experience,’ he commented.

‘Meanwhile, in the public sector a change in some funding to disability services has prompted movement in property portfolios and has created a need for project-based property professionals to manage,’ he added.

He explained that employers want to secure permanent staff due to the client facing nature of the role, although short term relief staff are also needed. Demand is so high that suitable candidates typically receive more than one job offer.

Business development managers are also needed in the residential market as real estate agencies look to grow their rent roll by securing more properties from investors and residential sales consultants are in high demand.

‘Many more traditional sales consultants have left the industry, and employers are looking for contemporary residential salespeople with a hunger for sales and who can secure new listings. A lot of innovative boutique agencies are also looking for people willing to work as a buyer’s agent in order to enter the industry, build their network and relationships, and work their way up,’ said Kent.

‘Residential off plan and new home sales people are also needed. Lower interest rates are encouraging more development and there are a huge number of apartments in either the planning, design or construction phase,’ he added.

Other roles in demand include acquisition managers, commercial property managers, client-side project managers and retail tenancy coordinators.

‘The high demand for experienced talent has created an environment where candidates can look for a role that offers genuine work-life balance and flexible working arrangements, career growth and a higher salary,’ Kent said.

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