Market Update: July Jobs Jump
The employment market in the property industry remains steady following the end of the financial year. A clear federal election outcome and interest rate cuts by the RBA should hopefully have a flow on effect to the employment market by increasing the demand for workers and further reducing unemployment rates. While the national unemployment rates sits at a relatively low 5.2%, the RBA believes there is still opportunity in the market to reduce this further. In an ideal world the RBA are looking for growth in the private sector to flow on to increased demand for workers.
Here at Edge, we're experiencing a significant increase in activity in the past 2 weeks, especially in the commercial property sector .
The implementation of property management registration in South Australia has caused a further reduction in the number of property management candidates available in the market. We expect this to ease the closer we get to the September due date for registrations, and will hopefully return to more usual levels of availability from then on. When the residential real estate market leaps into it's action in Spring, we also expect to see an increase in demand for sales administrators, trust accountants, office administrators and of course, property managers.
Following a quiet start to the new financial year, the property sector has sprung into action as we head towards the end of July (as commonly occurs at this time). We're seeing high levels of demand across all areas of commercial property but in particular for commercial and retail leasing administrators, commercial property managers and accounts staff. Those professionals with an in-depth knowledge of leases and lease administration have access to opportunities across the private sector and local government with a range of roles hitting the market over the last few weeks.
For a confidential discussion about your recruitment needs, contact us on 8232 2220 or visit our website for further information.