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Head overseas for PM glory

Head overseas for PM glory

by Michael Crawford 0 comments

Aussie property management know-how is in high demand overseas, with south east Asian real estate firms scrambling to hire local Australian talent.

According to a recruitment firm, demand for Australian property specialists has increased by 25 per cent over the past 12 months with the lure of an international lifestyle and lucrative tax incentives.

CEO of Gough Recruitment Joe Barbuto said international developers are moving into South East Asia and looking for skills from experienced expats, with property teams looking to balance their teams with a mix of expats and locals.

“We expect to see demand for expats continue in the property industry … the lifestyle, international stimulation, tax incentives and employment exposure in a foreign market are all drivers for expats to seek overseas job opportunities,” Mr Barbuto said.

“Demand has been particularly strong from Hong Kong, Kuala Lumpur, Vietnam, China and Singapore.

“These markets are growing rapidly and in some cases don’t have the local expertise to service large complex property projects.”

Mr Barbuto said Singapore is currently attracting strong interest for Aussies since it is an easy transition because it is reasonably close to Australia, has no language barrier, taxes are low and the environment is clean.

Director of Adelaide Residential Rentals Peter Wundersitz said the skills an Australian property manager has puts them ahead of the pack in most countries, but considers the skills would transfer directly over in Singapore.

Mr Wundersitz said as long as you had a mature outlook you could easily make such a move.

“A career in property management could take you overseas,” Mr Wundersitz said. 

“As long as you can negotiate through difficult situations, find common ground with tenants and owners and manage an account properly. However, you may have to re-learn some legal aspects overseas.”

General manager of Benchmark Property Management Lisa Larsen said a property manager’s skill set would be transferable overseas but you would have to ensure you knew the relevant laws and legalities surrounding property management in your chosen country.

Ms Larsen said it would also look good on your resume.

“I’m a big fan of travelling and it teaches you to adapt to new situations and helps you grow professionally, which is always a good thing,” Ms Larsen said.

“I would imagine some skill sets are transferable but the cultural differences are what’s important. You need to know how to negotiate in a different country and there also may be some cultural differences.”

Head overseas for PM glory
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