The Real Estate Institute of Australia (REIA) has today released an action plan for the 47th Parliament ahead of the invitation only Jobs and Skills Summit to be held in Canberra 1 – 2 September 2022.
REIA President, Hayden Groves, said that whilst many sectors will not be included in the scope of the Summit, work on skills development and supporting Australians is a positive step in addressing the labour shortages across the nation.
“The Jobs and Skills Summit is shaping up to be an invite-only event for the top end of town.
“Sectors like real estate, particularly in residential property management, are struggling to recruit and staff their offices.
“In a time when rental supply and affordability is affecting many Australians, this is simply being further exacerbated by staff shortages.
“Sufficient numbers of and up-skilling of property managers will be a critical success factor in alleviating the supply of rentals.”
Mr Groves said that real estate was one of the most impacted sectors during the COVID-19 pandemic with vacancies in the sector increasing by more than 80% in 2021.
“Today there are currently over 3,000 property manager roles listed on seek.com.au alone, just under 10 per cent of the national property management workforce.
“Around 2.7 million Australians live in rentals, and it is critical we have an adequate workforce that supports Australia’s tenants and property owners,” he said.
Key action points for the 47th Parliament are:
Whole of industry
Housing and rental supply and affordability
REIA will be hosting an industry roundtable to seek input on the skills crisis that will be open to real estate and property management leaders. Expressions of Interest can be emailed to: email@example.com
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