Property/Portfolio Managers – This is an area which is seeing growth as a result of the acquisition of properties and portfolios. Regulations have been put in place to ensure that new properties and portfolios are managed efficiently and this has led to the need to recruit Property/Portfolio Managers. Property Managers are usually required to have at least three years local experience and be REST certified.
There is also always a shortage of Property Managers in the residential sector. Demand for these professionals is ongoing since turnover in this role is traditionally high; tenure in this field is usually only a few years. Candidates need to have a Certificate IV in property services.
Property Officers – These positions are often contract based and are available in the government sector.
Property Coordinators – This position supports property management officers and demand for appropriate candidates is high.
Asset Managers – The purchase of multi-site portfolios by investment funds has created more demand for these professionals.
Corporate Real Estate Advisors – As there is ever increasing demand to maximise the value of real estate portfolios, these professional are sought after.
Development Managers – We are seeing activity in property development starting to pick up with sites being acquired and developed. These sites require Development Managers.
Lease Administrators – Lease Administrators are essential to the leasing function and when a role becomes available due to turnover or annual leave, a replacement needs to be found almost immediately. Roles are often offered on a contract and temporary basis.
Senior Leasing Executives - Retail – As there are several large new shopping centre developments and upgrades in regional areas, there is more vacant space to fill with tenants.
Senior Quantity Surveyors - Business Development – There is currently sufficient work for consultancies but they do require additional projects in the pipeline to maintain workflow. As a result they are requesting Quantity Surveyors with connections and business development skills to attract new work.
Residential Valuers – Given the number of valuation firms and the tendency of Valuers not to move around, demand remains for experienced and available Residential Valuers. There is particularly high demand for Valuers willing to work in regional areas. This is largely as a result of banks controlling who is referred to the jobs and the payments for the valuations are low.
Plant and Equipment Valuers – This is a specialised field and there is a shortage of Valuers with across the board experience, for example in areas as diverse as mining equipment to chicken processing plants. Many who do have such experience start their own businesses and contract out.
Body Corporate Managers – BCMs generally only remain in this field for a few years then look for a different role in response to the high pressure nature of the work. In addition, BCMs receive a lower salary compared to other property roles. As a result, candidate attraction can be a challenge.
Previously there was a large pool of candidates available from which employers could choose from. Employers are now becoming more selective despite the fact that many skilled people are gainfully employed and are not looking at changing jobs.
Candidates are not willing to commit to leaving their existing roles unless they are absolutely sure their new role is secure, offers growth and that the company and staff are stable. In addition, more candidates are seeking work either because they have been made redundant or job pressures internally have changed their work environment.
When senior roles become vacant they are often absorbed into a company’s head office which may be located in Sydney or Melbourne. Roles are also often merging together. For example Property Managers are asked to look after leasing, while Valuers and Quantity Surveyors are required to be Business Development Managers.
We are seeing a huge shortage of qualified Residential Valuers in the Northern Territory and few candidates can be persuaded to relocate to Darwin for these roles.