Demand for property valuers in Australia continued in the fourth quarter of 2021, with property valuation job vacancies rising 48% year-on-year.
SEEK job listing data showed that most of Australia’s property industry faced similar talent shortages during the quarter.
Real estate and property job openings across the country were 31% higher in Q4 2021 compared to the same period in 2020.
Tasmania had the largest rise in real estate and property job openings in the country, rising 43% YOY in Q4.
Real estate and property jobs growth by state (Q4 2021 v Q4 2020)
Victoria saw a 41% increase in real estate and property job vacancies in the fourth quarter, followed by Queensland with a 37% jump in job listings.
The Northern Territory was the only jurisdiction to record a decrease in job listings during the period, down 15%.
At the national level, property analyst job vacancies recorded a 110% YOY increase in Q4, followed by retail and property development roles, which were up 67%.
Job vacancies in property administration were 58% higher; body corporate and facilities management employment openings were up 48%; and commercial sales, leasing and property management job openings rose 35%.
Subcategories within the real estate and property industry (Q4 2021 v Q4 2020)
|Residential leasing and property management||13%|
|Body corporate and facilities management||48%|
|Commercial sales, leasing and property management||35%|
|Retail and property development||67%|
Residential leasing and property management job vacancies were steady, just 13% higher, while role openings in residential sales were up 7%.
In March, there were 3,597 jobs in real estate and property on site with residential leasing and property management roles by far the most in demand.
The ongoing demand comes after property valuation job vacancies grew 112% year-on-year in the third quarter of 2021.