Job vacancies in the property sector have increased 9% year-on-year, despite the residential property market experiencing a sharp decrease in clearances rates.
According to research by jobs website adzuna.com.au, average advertised salaries also increased in the sector by 16% over the past year.
Adzuna CEO Raife Watson says the continued strength of the overall Australian jobs market has bolstered the commercial arm of the property sector, which explains the positive outlook for the industry.
“Exceptional jobs growth over the past year across multiple sectors means companies are expanding and buying up office space, especially in our capital cities.
“We are seeing more and more jobs posted on Adzuna for commercial property managers, which are positions that attract higher salaries than many jobs in residential property,” Mr. Watson said.
“If fewer houses are being sold, this means the workforce in the residential property sector will downsize and many Australians will be looking for new jobs.
“Moving across to commercial property is the logical step, as many of the skills acquired over the years will translate to the sector, albeit on a larger scale.
“And I’m not simply referring to real estate agents. HR professionals, receptionists, and even lawyers with experience at any level in the property industry will be in high demand in the commercial sector,” Mr. Watson said
Jobs Predicted to go first
(1) Real Estate Agents
(3) Administration workers
(4) Property Valuers