There are so many job opportunities and openings in the real estate jobs market, it's difficult to keep up with the demand, says Sharon Bennie of Specialist Property Recruitment.
A record number of jobs were added to the Australian economy in the twelve months to February, according to the latest data from the Australian Bureau of Statistics. A total of 420,700 new jobs were created during the year.
With the participation rate rising to 65.7 per cent, the highest it has been since December 2010, the trend unemployment rate remained steady in February at 5.5 per cent.
According to Craig James, chief economist at CommSec, forward looking indicators, such as job ads data, indicates the job market will remain strong for some months, at least.
Sharon Bennie, of Specialist Property Recruitment, told WILLIAMS MEDIA the strong jobs data is being reflected in the real estate jobs market.
"There are certainly a lot of job opportunities and openings in the real estate jobs market," she said.
"Our job sheets are full. It's hard to keep up with demand," said Bennie.
Bennie said mining jobs have also picked up in recent months, which could well have a positive flow-on effect to the property industry in future.
Data from the Department of Jobs and Small Businesses also predicts strong growth in real estate jobs. It's analysis suggests that the number of real estate sales jobs could increase by 8.7 per cent over the next five years.
Bennie said the strongest demand for jobs in the real estate sector is for property management, strata management, and building management roles, as new apartment developments come on steam.
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