The South Australian property industry is experiencing a period of transformation. In response to Adelaide’s bustling real estate market and regional property development, the property recruitment landscape is fast evolving.

As we move through 2024, several key factors are shaping the recruitment dynamics in SA’s property industry.

Market Growth

In recent times, SA’s property market has shown resilience and growth. Property prices in Adelaide have risen by approximately 6% over the past year despite national fluctuations. Our residential property sector is buoyed by a combination of low interest rates, a growing population, and increasing demand for housing. Additionally, there is a noticeable upswing in property development projects, which is further stimulating the job market.

Demand for Talent

This increasing activity is driving a strong demand for skilled professionals. The employment rate in the real estate and property sector has grown by 10% in the past year. This growth reflects the rising need for roles such as real estate agents, development consultants, and property managers which have been in extremely high demand for our expanding Edge Recruitment clients.

"The employment rate in the real estate and property sector has grown by 10% in the past year. This growth reflects the rising need for roles such as real estate agents, development consultants, and property managers which have been in extremely high demand for our expanding Edge Recruitment clients."

Recruitment Challenges

Despite the positive market conditions, the recruitment landscape in SA’s property industry is not without its challenges. One significant issue is the ongoing skills shortage. The Property Council of Australia’s latest report highlights that 40% of property firms here in SA are struggling to find candidates with the right technical skills and industry experience.

The increasingly competitive nature of the job market is exerting upward pressure on salaries and benefits. Data from Seek indicates that average salaries for property professionals in SA have increased by approximately 7% over the past year. This rise is partly a response to the heightened demand for skilled individuals and the need to attract top talent amidst a competitive hiring environment.

Evolving Recruitment Strategies

To address these recruitment challenges, property firms here SA are adopting innovative strategies. There is a growing emphasis on enhancing employer branding and creating compelling employee value propositions. Companies are investing in building strong workplace cultures and offering attractive benefits to differentiate themselves from competitors and attract top talent.

Focus on Diversity and Inclusion

Diversity and inclusion are becoming increasingly important in the recruitment practices of SA’s property industry. There is a concerted effort to foster inclusive work environments and to attract a diverse pool of candidates. The South Australian Equal Opportunity Commission reports that diverse teams contribute to improved problem-solving and decision-making, which is why property firms are prioritising diversity in their hiring practices.

Programs aimed at increasing gender diversity, addressing unconscious bias, and promoting an inclusive workplace culture are being implemented. These initiatives are helping to create more equitable opportunities and to attract a broader range of talent to the industry.

Looking forward, we expect that the recruitment landscape in SA’s property industry will continue evolving, and the demand for skilled professionals will likely remain strong as the market grows and changes.

For both employers and job seekers, staying informed about industry trends will be crucial for success, so subscribe to Edge Recruitment’s Newsletter for the latest updates and insights.

You can also explore the Edge Recruitment website for current available jobs, resources, top talent, and access to our national 2024 Employment and Salary Report for the latest salary trends and talent attraction and retention strategies.