Demand for property industry professionals is high in Australia

by Ray Clancy on January 22, 2015

in Jobs in Australia

People looking for a job in the real estate industry in Australia could find their skills in demand as the booming residential property market has resulted in strong demand in the sector.

There is a shortage of residential property managers in particular according to Hays Recruitment. It says people can be put off the occupation due to long hours, demanding tenants and increase in the number of investment properties to be managed.

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There is a shortage of residential property managers and real estate agents, the report says

There is a particular shortage of mid-range candidates at the $45,000 to $65,000 level with experience. Organisations are using training and development to retain staff at this level, and are also increasing salary packages in order to encourage staff retention and commitment, the recruiter says.

Demand for residential sales consultants is high due to the increase in buyers and investor activity in the residential market.

“Experienced sales staff are working at capacity with solid pipelines of sales, which means there is no incentive to move companies and available candidates are thus in short supply. As property owners are looking to cash in on their assets or to pay off debts, 2014 was a record year for many agents in sales and we expect this trend to continue over the next quarter,” the firm says in its latest outlook report.

Employers are also seeking commercial and residential valuers as there is a constant demand for valuations for the purposes of refinancing, investment and sales.

“There is a supply shortage as candidates are leaving the sector in response to low commissions and increasing liability. In addition, there is a high volume of work, but fewer graduates entering the market to replace departing staff,” the report points out.

It also highlights that a strong demand for medium density inner city apartments is creating a need for development managers and as the public sector re-assess its assets, commercial property managers will be in demand to figure out how to maximize short and long term cash flow.

The need for residential sales cadets continues despite there being a lot of qualified agents in the market and there are also regional demands such as in Adelaide where commercial leasing consultants are needed due to high vacancy rates in agencies.

The report also points out that in property development most companies are starting to in-source sales, creating more demand for in-house sales consultants. Off the plan sales skills are in high demand too, as are mandarin speaking skills.

“We are also seeing permanent jobs in the property sector and skill shortages emerging. Job opportunities for graduates in commercial property are increasing as baby boomers continue to retire from the industry,” the report concludes.

 

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