Real estate professionals will enjoy higher salaries this year, a leading property recruitment firm has claimed.
Speaking in Melbourne yesterday, Buckmaster Hawkey director Mark Appleby said high staff turnover in the real estate sector should pave the way for greater wages in 2012.
“The feedback I’m getting from real estate agents is that while the property market remains robust, turnover of staff is increasing and looks set to rise in 2012,” Mr Appleby said.
“That’s great news for candidates but not such wonderful news for employers. A rise in job vacancies with the same numbers of new candidates means salaries must rise in 2012.
“At Buckmaster Hawkey we’ve noticed the competition for talent intensifying over the last few months and I think this is set to escalate in the first half of 2012.
“Unless we see a significant new source of new people entering the property industry, the market is set for a crisis. Increasingly, agencies are being forced to bidup the salary packages they offer to attract candidates, but the task of securing experienced staff is getting more and more difficult.”
Mr Appleby said this trend is likely to result in a wages breakout this year.