Successful property managers are “in high demand” and have “a multitude of offers to choose from”, a recruitment expert has revealed.
A new report from recruitment company Hays has found that the highest number of vacancies within the property sector is for residential property managers.
Property managers are needed for the high number of investment properties coming online, the report said.
However, there is “a shortage of experienced, qualified candidates”, according to Hays.
Alison McGavin from Real Estate Career Developers Sydney said the shortage of property managers means increased competition in the year ahead.
“Property managers are always in high demand; we are finding that a good property manager has a multitude of offers to choose from, which then drives salary up,” she told RPM.
Ms McGavin said property managers will have the upper hand when negotiating new employment, although new recruits will still need to meet the mandatory requirements.
“Agencies who are more open to people new to the industry will find that they need to put more into on-the-job training, but I don’t see it being missed,” she said.
According to Hays’ report, agencies are even willing to sponsor property managers from overseas so long as they possess experience in similar markets with comparable legislation.
“There are many high-quality property management candidates with experience in similar markets and it would be remiss to overlook these candidates,” Ms McGavin said.
“The challenge faced here is that to sponsor an employee, the agency must be a pre-approved sponsor, which involves an invasive and expensive application process – and this is the roadblock.”
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