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Record-high demand for property in Queensland has corresponded to a similar increase in new professionals coming into the field, according to the Real Estate Institute of Queensland (REIQ).
“The soaring market in the Sunshine State has also created a surge in interest for real estate careers,” REIQ has reported.
A recent REIQ survey conducted by Honeycomb Strategy showed that one in three Queenslanders said they could see the appeal of a career in real estate and would consider it themselves.
The body also noted that a heightened volume of licence applications had blown out the wait time for processing, and they report that course enrolments have seen a significant increase in the past 24 months.
REIQ chief executive Antonia Mercorella said the seller’s market had motivated many new entrants to join the field, while COVID had also prompted a lifestyle shift that saw a lot of Australians decide to take a chance on a new career.
“On one hand we have what’s been coined the ‘Great Resignation’ with record numbers reportedly quitting their jobs and reassessing what they want out of their career, along with the dawn of a new year causing people to review their options,” Ms Mercorella said.
“We’ve also seen greater levels of public exposure and interaction with real estate agents due to headline-making property sales growth as many people have decided to either take advantage of the seller’s market and sell up, or to buy up in order not to miss out,” she added.
And she said the relative lack of lockdowns experienced over the state had helped it avoid the real estate speed bumps experienced in other regions, making the field again an attractive proposition for those looking for a stable industry in which to work.
“All these factors lead to real estate careers being highly visible and desirable at present,” Ms Mercorella said.
Luckily, with the market going strong, she reports there’s no shortage of agencies hiring.
“With levels of interest and enquiry for properties at an all-time-high, many agencies are on the lookout for apprentices and additional staff in all fields, but most predominantly in corporate support and property management, to share the workload,” Ms Mercorella said.
“It’s also been the instigator for many professionals to upgrade to a full licence and go out on their own – becoming their own boss by establishing their own business.”
ABOUT THE AUTHOR
Juliet Helmke
Based in Sydney, Juliet Helmke has a broad range of reporting and editorial experience across the areas of business, technology, entertainment and the arts. She was formerly Senior Editor at The New York Observer.
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