Whether you’ve recently been inspired by a Luxe Listings Sydney binge (guilty!), or you’ve long-held dreams of a career in Real Estate, there’s no shortage of available career options.
The real estate industry in Australia is full of opportunities, offering a variety of career paths for those with different skills and interests.
If you’re interested in understanding the career options available, we’ve put together seven options you might consider if you’re thinking about a career in real estate.
A Quick Foreword on The Australian Real Estate Market
Before we jump into things, it’s important to give a bit of context for the Aussie real estate market. If you’ve ever bought or sold real estate in Australia, you’ll know that the Australian real estate market has its own unique dynamics. If you’re a property manager or real estate agent, for example, you’ll need to be familiar with local laws and market conditions, which can vary significantly between states. Ongoing professional development is crucial to stay updated with industry changes and maintain licenses.
There is a growing demand for property managers due to an increasing number of rental properties. Additionally, real estate consultants and buyer’s agents are becoming more sought after as more Australians look for professional advice on property investments and purchases. The complexity and competitiveness of the Australian market make these roles particularly valuable.
- Real Estate Agent
Real estate agents help clients buy, sell, and rent properties. This role is all about building relationships, understanding the market, and negotiating deals. Agents typically specialize in either residential or commercial properties. To become a real estate agent in Australia, you’ll need to complete a Certificate IV in Real Estate Practice and get licensed by your state’s regulatory body. It’s a dynamic job where no two days are the same, and success depends on your ability to connect with people and close deals.
- Real Estate Broker
A real estate broker is a logical next step for real estate agents looking for the next career growth opportunity. Often managing their own agency, real estate brokers typically have more education and experience in the industry, enabling them to handle more complex transactions and oversee other agents. In Australia, becoming a broker means gaining experience as an agent, completing additional training, such as a Diploma of Property Services (Agency Management), and passing a higher-level licensing exam. Brokers often deal with larger properties and more significant transactions, making this a step up from being an agent.
- Buyer’s Agent
Buyer’s agents represent the interests of property buyers. They help clients find properties, negotiate prices, and manage the purchase process. To become a buyer’s agent in Australia, you need a real estate license, which involves completing a Certificate IV in Real Estate Practice. This role is ideal for those who enjoy working closely with clients and have a knack for negotiation. Buyer’s agents like NE Aspect must be knowledgeable about the property market and skilled at finding the best deals for their clients.
Choosing a career in real estate in Australia can be incredibly rewarding, offering a range of paths to suit various interests and skills. Whether you’re drawn to sales, management, legal work, or consulting, there’s a role in real estate that can provide a fulfilling and dynamic career.
- Real Estate Appraiser
Real estate appraisers or property valuers are responsible for determining the market value of properties. A real estate appraiser will inspect properties, review market trends, and create detailed reports on behalf of potential clients. The role of a real estate appraiser is crucial for mortgage lenders, buyers, and sellers who need an accurate valuation of a property. In Australia, you’ll need a Certificate IV in Property Services (Valuation) and registration with the Australian Property Institute (API). The job of a real estate appraiser requires a keen eye for detail and strong analytical skills.
- Real Estate Attorney
Real estate lawyers specialise in the legal aspects of property transactions. They ensure that deals comply with all relevant laws, draft and review contracts, and resolve disputes. To become a real estate attorney in Australia, you’ll need to complete a Bachelor of Laws (LLB), pass the bar exam, and gain experience in property law. This career offers high earning potential and the chance to work on significant real estate deals.
- Conveyancing
Conveyancers are responsible for the nitty gritty legal leg work that is involved in transferring property ownership. Conveyancers prepare documents, conduct title searches, and manage settlements. In Australia, becoming a licensed conveyancer requires completing an Advanced Diploma of Conveyancing and getting licensed by the relevant state authority (check your state’s requirements). Conveyancers will also need to have professional indemnity insurance and engage in ongoing professional development. Becoming a conveyancer can be a great and highly-lucrative career and is a good career option for those who enjoy legal work but prefer a more specialized focus than being a full-fledged lawyer.
- Property Manager
Property managers take care of the daily operations of rental properties. Given that most real estate agencies lean heavily on rental revenue to fund their Monthly recurring revenue (MRR), this is an extremely important (although often underestimated) role. The role of a property manager includes everything from maintaining the property to handling tenant issues and collecting rent. In Australia, property managers usually need a Certificate IV in Property Services (Real Estate) and might also need a real estate license, depending on the state. This job requires excellent organizational skills and the ability to deal with a variety of people and situations.