Property boom fuels job market

MICHAEL FOREMAN
Last updated 14:43 10/12/2013

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For anyone considering starting or switching to a career in real estate, now could be a good time to take the plunge.

The booming property market is leading to more job opportunities in the real estate and property sectors according to jobs website Seek, which has seen the number of property-related job advertisements rise by 29 per cent over the last year.

More than 1500 real estate and property jobs have been advertised across the country since January and more than 160 in the last month, Seek said.

Of these jobs, more than half were in Auckland.

"The property market is benefiting from the continued improvement in the wider New Zealand economy and remains buoyant as 2013 draws to a close," Seek general manager Janet Faulding said.

"As a result, this is helping to drive job growth."

Seek said the surge in jobs was particularly evident in Auckland and Canterbury, where ads for real estate and property roles have increased by 46 per cent and 44 per cent respectively.

Peter Thompson, managing director of Auckland's largest real estate agent Barfoot & Thompson said the shortage of housing and the increase in population was driving house prices upwards and the result was greater sales activity in the Auckland market.

"We are noticing an increase in migration, including a rise in New Zealanders returning from overseas, particularly from across the Tasman, and those moving to Auckland from other parts of the country for job opportunities," Thompson said.

Jobs growth was not limited to the residential property market, Seek said, with listings for commercial sales, leasing and property management positions increasing 15 per cent over the past year.

Bayleys Real Estate managing director Mike Bayley said his company was seeing strong demand and job growth in the Auckland and Christchurch real estate markets across all sectors, and positive signs in provincial cities.

"With increased sales volumes and market activity now trending upward for the best part of 2013, a career in real estate sales, property services, and management is once again proving an attractive employment opportunity and is certainly a trend we foresee continuing throughout 2014," he said.

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- Fairfax Media

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