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Property

July - September 2015
 

Australia’s property market is very active. Employers are confident and are employing candidates in permanent and fixed-term contracts. Candidate shortages continue and in some locations have forced employers to consider candidates with potential rather and transferable skills over previous experience.

Real estate agencies are growing their property management portfolio. New residential apartment developments have increased in many locations around the country thanks to low interest rates and strong investor demand.

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 mange.

In terms of skills in demand for the July to September 2015 quarter, we’re seeing high demand for Residential Property Managers who understand local legislation and can communicate positively and clearly with both landlords and tenants. As noted above, real estate agencies are growing their property management portfolio, new residential developments are booming and investor demand is high. Consequently strong residential Property Managers are needed for permanent roles. The high turnover in this job function as people leave the industry further adds to demand. 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.

For similar reasons, Assistant Property Managers are also sought.

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.

Residential Sales Consultants are another area of 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.

Residential off the plan and new home Salespeople 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.

Acquisition Managers are sought as developers look for new sites.

Commercial/Industrial Property Managers are needed as more companies outsource this function. Candidates at the senior level are also needed since offshore parent companies are investing more in the Australian market.

Client side Project Managers are another area of demand thanks to companies refurbishing their offices.

Retail leasing and casual mall leasing candidates as well as Retail Tenancy Coordinators are also all needed.

In the not-for-profit sector Property Officers/Maintenance Coordinators are in high demand due to funding changes for some organisations. These not-for-profits therefore have to transition tenants out of their properties and get properties back to the same condition as they were at the time of leasing.

In terms of candidate trends, the high demand for local and experienced talent has led to cases of multiple job offers, especially for residential Property Managers. It has also 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.

Without salary flexibility employers can find it challenging to attract people from other property companies.

 

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