A landmark study will uncover how to better prepare property graduates for the future workforce after winning a 2023 APREF Research Grant.
This year, APREF (Australian Property Research and Education Fund) awarded a significant research grant to UNSW Associate Professor Chyi Lin Lee, WSU’s Dr Sharon Yam and Associate Professor Connie Susilawati and Dr Andrea Blake of QUT for their joint project.
The Future Workforce for the Property Industry – Are We Ready for the Change? project is a first-of-its-kind study to examine the future workforce for the property industry post-pandemic.
“The results will enhance the employability of our property graduates, and the professionalism of the industry will also be upheld in times of disruption,” according to the team.
“[It will] offer some insights into the property industry on the future property workforce as the profession has been significantly disrupted by the advancement of new technologies (AI and PropTech) and the pandemic.
“This project will provide an exemplar of how property education and property professionals may work together to prepare our graduates for the challenge of future workforce.”
The study will conduct interviews, surveys and more to assess the readiness of property practitioners and property graduates for the future.
They will also examine changes required in property course curriculum to prepare property graduates with knowledge and skills of the future property workforce.
APREF also awarded a 2023 Research Grant to Quantifying the value of ESG and the future of real estate valuation research project – a breakthrough study that will uncover the ESG and sustainability factors that are critical for the property industry and how they influence decision-making for tenants and landlords.
Launched in 2020, the APREF Research Grants have supported academic research into Australia’s property industry and the future of the valuation profession.
Grant winners must explore topics critical to the country’s property industry, including the property workforce, affordable housing, sustainability and impacts from the pandemic.
APREF is a charitable arm of the Australian Property Institute (API), created to empower research, and advance education, in the property sector.