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Real Estate And Property Roles on the Rise

MEDIA RELEASE

10th December 2013

Real Estate And Property Roles on the Rise

New Zealand’s continuing love affair with the property market is having a positive impact on the job market. Real estate and property jobs rose 29% over the last year, shows data released today by SEEK, New Zealand’s largest job source.

Since January, over 1,500 jobs were advertised across the country and in the last month, over 160 real estate and property jobs were advertised, with over half of these in Auckland.

“The property market is benefiting from the continued improvement in the wider New Zealand economy and remains buoyant as 2013 draws to a close,” comments Janet Faulding, General Manager of SEEK New Zealand. “As a result, this is helping to drive job growth.”

This surge in jobs is particularly evident in Auckland and Canterbury, where real estate and property roles have increased by 46% and 44% respectively.

“The shortage of dwellings and the increase in population is driving house prices upwards and the result is a greater activity in the Auckland market,” says Peter Thompson, Managing Director of Barfoot & Thompson. "We are noticing an increase in migration, including a rise in New Zealander's returning from overseas (particularly from across the Tasman), and those moving to Auckland from other parts of the country for job opportunities".

Interestingly, the growth is not limited to the residential property market, with the upswing in the commercial sector also contributing strongly to job creation, with Commercial Sales, Leasing and Property Management positions increasing by 15% over the past year.

“We are tracking strong demand and job growth out of the Auckland and Christchurch real estate markets in both the residential, commercial and industrial sectors, and are now also seeing increasing signs of positivity in provincial cities,” says Mike Bayley, Managing Director of Bayleys Real Estate.

“With increased sales volumes and market activity now trending upward for the best part of 2013, a career in real estate sales, property services and management is once again proving an attractive employment opportunity and is certainly a trend we foresee continuing throughout 2014,” says Bayley.

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