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Soaring House Prices Good for Job Seekers, Hayes

With Australian house prices jumping by 10 per cent last year, many businesses in the property sector have indicated that we will see jobs growth over the remainder of the year, says recruiting experts Hays Property.

According to the Hays Quarterly Hotspots list of skills in demand, permanent jobs are being created in response to increased workloads in the property sector. This is due to high demand in the residential, commercial, retail, industrial and health markets.

Property professionals in many of our capital cities are the beneficiaries of this activity, say recruiting experts.

“We are seeing the greatest level of vacancy activity in areas of growing population such as Perth, Western Sydney, Melbourne’s outer suburban ring, South East Queensland and Darwin,” says Chris Kent, Regional Director of Hays Property.

In terms of the skills sought, Valuers top the list.

“Commercial and residential Valuers are sought across Australia due to the ongoing boom,” says Chris. “But there is a supply shortage as candidates leave the sector in response to low commissions and increasing liability. Not only is there a higher volume of work, but fewer graduates are entering the market to replace departing staff.

“Within leasing, the key focus remains on securing candidates with local knowledge and networks, so while there may be a number of available candidates for Leasing Executive positions, not all have the required contacts.

“We are also seeing high demand for Quantity Surveyors with local knowledge. The movement of Quantity Surveyors into the estimating role, where they can achieve higher salaries, continues to play its part in the shortage of available candidates.”

Given the low pay, long hours, demanding tenants and increase in the number of investment properties to be managed, Residential Property Managers are also in short supply, according to Chris.

“There is a particular shortage of mid-range candidates at the $55,000 to $65,000 level with between one and three years of experience. In order to retain staff at this level organisations are using training and development, and are also increasing salary packages.”

The recruiter says that experienced Residential Sales Executives and Commercial Sales Executives are also sought.

And given the aging workforce within the property sector, a supply threat looms. “A significant proportion of the property workforce is approaching retirement age, which means that skills shortages will only increase in future. Any increase in job vacancies will accentuate skills shortages further,” Chris said.

For the full list of skills in demand, please view our Hays Quarterly Hotspots (property).

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