The Hume Workforce Development
Committee
Hume Regional Development Australia
Rental, Hiring and Real Estate Services
Labour Market Snapshot
Workforce Planning Australia | December 2012
Rental, Hiring and Real Estate Services
Industry Overview
Rental, Hiring and Real Estate Services is one of the smallest industries in Australia,
employing 211,700 workers (or 1.8% of the total workforce) in 2012.
Over the period from 2006-2010 employment fell by 1.3%. Employment is expected to
increase by 6,700 (or 3.5%) over the next five years.
New jobs are anticipated to be in Property Operators and Real Estate Services (up by
7,600). This rise may be partially offset by a fall in Rental and Hiring Services (except Real
Estate), which covers activities like motor vehicle and bloodstock leasing.
Half the workers in the industry are female, higher than the all industries average of 46%,
and a slightly lower proportion of employment is part-time (26% compared with 30%).
Around 40% of workers in the industry do not hold post-school qualifications, slightly
higher than the all industries average (37%), but almost one in three holds a Certificate III
or higher vocational education and training qualification (compared with 29% for all
industries).
Around one third of jobs (more than 64 000) in the Rental, Hiring and Real Estate Services
industry are in regional Australia. The industry’s share of local employment does not vary
much across the regions.
Source: Australian Jobs, 2012
2|
Rental, Hiring and Real Estate Segments
The Rental, Hiring and Real Estate Services industry is divided into six key sectors:
Real Estate Services
Property Operators
Other Goods and
Equipment Rental
and Hiring
Motor Vehicle and
Transport Equipment
Rental and Hiring
Non-Financial
Intangible Assets
Leasing
Farm Animal and
Bloodstock Leasing
Source: DEEWR, Australian Jobs, 2011
3|
National Industry
Overview
Rental, Hiring and Real Estate Services
Industry Employment
•
Arts and Recreation Services is the third smallest of 19 industries classified under
ANZICS. In August 2012 approximately 218,000 people were employed in the industry.
Industry Employment Level February 2012
Source: ABS Labour Force Survey (trend data) cat no 6291.0.55.003, DEEWR, Skills Info 2012 .
5|
Historical Employment Growth
Employment growth has been variable with significant fluctuations over the period 19942012. Total employment was 211,700 people in 2012.
Employment is influenced by international economic and geopolitical factors, and is also
sensitive to business profitability and investment in Australia.
Figure: Employment Level (‘000)- 1994 to 2012
Rental, Hiring and Real Estate Services - Employment Level ('000s)
February 1994 to 2012
250
201.6
193.0
200
177.2
155.6
150
116.6
129.4
1998
1999
124.8
121.2
136.4
131.5
206.4
211.7
198.7
189.5
181.6
172.9
161.2
142.3
109.4
100
50
0
1994
1995
1996
1997
Source: ABS Labour Force Survey cat. no. 6291.0.55.003, (trend data)
6|
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
Employment by Industry Sector
•
•
•
The largest industry sector is
Real Estate Services
accounting for 126,500
workers (69 % of
employment at Feb 2012)
Property Operators is the
second largest sector
employing 53,200 workers
(25%) followed by Other
Goods, Equipment RentalHiring (38,000 workers or
18%).
Rental, Hiring and Real Estate Services - Employment Level - Feb 2012 ('000s)
Real Estate Services
126.5
Property Operators
53.2
Other Goods, Equipment Rental-Hiring
38.0
Motor Vehicle, Transport Equipment Rental-Hiring
Less than 1% of workers are
employed in Farm Animal and
Bloodstock Leasing and in
Non-Financial Intangible
Assets Leasing.
Source: ABS Labour Force Survey cat. no. 6291.0.55.003, (trend data
7|
Figure: Employment levels by industry sector 2012
11.9
Non-Financial Intangible Assets Leasing
0.3
Farm Animal, Bloodstock Leasing
0.1
0
20
40
60
80
100
120
140
Projected Employment Growth by
Industry Sector
•
•
•
Project employment
growth is expected to
vary across the six
industry segments.
Over the next 5 years
growth is predicted to
be strongest in Property
Operators (1.1% p.a)
followed by Real Estate
Services (1% p.a)
Segments predicted to
decline include:

Motor Vehicle,
Transport Equipment
Rental Hiring (-0.5%)

Other Goods (-0.5%)

Farm Animal,
Bloodstock Leasing (0.3%)
Rental, Hiring and Real Estate Services - Projected Employment Growth
(% pa) to 2016-17
ALL INDUSTRIES
1.4
Property Operators
1.1
Real Estate Services
1.0
Rental, Hiring and Real Estate Services
0.7
Non-Financial Intangible Assets Leasing
0.2
Farm Animal, Bloodstock Leasing
-0.3
Other Goods, Equipment Rental-Hiring
-0.5
Motor Vehicle, Transport Equipment Rental-Hiring
-0.5
-1.0
-0.5
Source: DEEWR, Finance and Insurance Services Employment Outlook 2012 (DEEWR Employment Projections to 2016-17)
8|
0.0
0.5
1.0
1.5
2.0
Employing Regions
•
The distribution of
industry employment
tends to correspond with
national population
distribution.
Rental, Hiring and Real Estate Services - Employment by Region ('000s)
Year to February 2012
Sydney
42.1
Brisbane
39.9
Melbourne
•
Sydney has the highest
employment (20% or
42 100 workers) followed
by Brisbane (19% or
39 900 people) and
Melbourne (18.3% or 38
800 people).
38.8
Perth
19.4
Central and North QLD
10.4
Adelaide
9.3
Hunter
7.7
Southern NSW (incl ACT)
7.1
Western Victoria
4.6
Greater WA
4.0
Northern NSW
3.9
Eastern Victoria
3.8
Southern QLD
3.7
Tasmania
2.9
Western NSW
2.4
Northern Territory
2.1
SA Country
1.8
0
Source: DEEWR, Finance and Insurance Services Employment Outlook 2012
9|
5
10
15
20
25
30
35
40
45
Top Employing Occupations
• The industry offers a diverse
range of career options.
Rental, Hiring and Real Estate Services
- Top 20 Employing Occupations in 2012 ('000s)
Real Estate Sales Agents
69.2
• In 2012 the largest employing
Receptionists
occupation in the industry was,
General Clerks
by far, Real Estate Sales Agents Other Sales Assistants and Salespersons
Other Hospitality, Retail and Service…
(69 200), followed by Office
Sales Assistants (General)
Managers (8000) and
Land Economists and Valuers
Receptionists (7800).
Accounting Clerks
Office Managers
Accountants
7.8
6.5
5.7
5.4
5.2
5.1
4.6
3.7
Advertising and Sales Managers
3.5
Personal Assistants
3.2
Bookkeepers
3.2
Metal Fitters and Machinists
2.9
Secretaries
2.7
Retail Managers
2.4
Earthmoving Plant Operators
2.2
Commercial Cleaners
2.2
Inquiry Clerks
2.2
Contract, Program and Project Administrators
1.9
0
Source: DEEWR, Finance and Insurance Services Employment Outlook 2012 (
10 |
8.0
10
20
30
40
50
60
70
80
Hume Overview
Rental, Hiring and Real Estate Services
by LGA
Total Industry
1,263 (2006)
1,240 (2011)
2%
2006 vs. 2011 Census Data
Moira
109 (2006)
97 (2011)
G Shepparton
238 (2006)
216 (2011)
Indigo
56 (2006)
64 (2011)
Wangaratta
98 (2006)
118 (2011)
Murrindindi
79 (2006)
58 (2011)
Source: ABS Census Data 2006 and ABS Census Data 2011
12 |
Towong
17 (2006)
15 (2011)
Benalla
70 (2006)
65 (2011)
Strathbogie
26 (2006)
32 (2011)
Mitchell
161 (2006)
188 (2011)
Wodonga
199 (2006)
191 (2011)
Mansfield
83 (2006)
76 (2011)
Alpine
127 (2006)
120 (2011)
Hume Region Boundary
Sub-region Boundary
Local Government Area
(LGA) Boundary
Property Operators and Real Estate
Services by LGA
Total Industry
828 (2006)
853 (2011)
3%
2006 vs. 2011 Census Data
Moira
84 (2006)
75 (2011)
G Shepparton
157 (2006)
158 (2011)
Indigo
41 (2006)
50 (2011)
Wangaratta
68 (2006)
83 (2011)
Murrindindi
51 (2006)
46 (2011)
Source: ABS Census Data 2006 and ABS Census Data 2011
13 |
Towong
9(2006)
13 (2011)
Benalla
42 (2006)
36 (2011)
Strathbogie
19 (2006)
25 (2011)
Mitchell
114 (2006)
136 (2011)
Wodonga
138 (2006)
140 (2011)
Mansfield
46 (2006)
39 (2011)
Alpine
59 (2006)
52 (2011)
Hume Region Boundary
Sub-region Boundary
Local Government Area
(LGA) Boundary
Employment growth Projection in
Hume
According to Monash projections employment is expected to decline steadily over the
period to 2014-5 and level out over the 2015-6 period.
Employment will recover slightly in 2016-7 but will not return to previous levels.
2.26
2.24
2.22
2.2
2.18
2.16
Business Services
employment
2.14
2.12
2.1
2.08
2012-3
2013-4
2014-5
2015-6
2016-7
Usage is restricted to the Department of Education & Early Childhood Development and third parties undertaking work on behalf of Skills Victoria.
Source: Monash Centre of Policy Studies, 2011 (Hume Employment: by ANZSCO occupation, '000 persons, 2010-1 to 2017-8)
14 |
Occupational Employment Levels
The top employing occupations employment levels in the region are as follows:
Rental, Hiring and Real Estate Services (Top 10 occupations by employment level Hume)
ANZSCO ID
Occupation
Employment (2011-12)
L
Rental, Hiring and Real Estate Services
2.11
612
Real Estate Sales Agents
0.804
621
Sales Assistants etc
0.208
542
Receptionists
0.102
149
Misc Hospitably Retail Managers
0.089
551
Acc Clerks & Bookkeepers
0.074
142
Retail Managers
0.064
512
Office/Practice Managers
0.061
521
Personal Assistants etc
0.053
531
General Clerks
0.051
811
Cleaners & Laundry Workers
0.035
Usage is restricted to the Department of Education & Early Childhood Development and third parties undertaking work on behalf of Skills Victoria .
Source: Monash Centre of Policy Studies, 2011 (Hume Employment: by ANZSCO occupation, '000 persons, 2010-1 to 2017-8)
15 |
Rental, Hiring and Real Estate Services
Occupational growth
•
Monash projections show variable rates of growth decline in Rental, Hiring and Real
Estate occupations.
•
The largest occupation (Real Estate Agents) will decline significantly to 2016-7.
Info & Organisation Profs
Cleaners & Laundry Wrkrs
General Clerks
Personal Assistants etc
Office/Practice Managers
2012-3
Retail Managers
2016-7
Acc Clerks & Bookkeepers
Misc Hospty Retail Managers
Receptionists
Sales Assistants etc
Real Estate Sales Agents
0
0.5
1
1.5
2
2.5
Usage is restricted to the Department of Education & Early Childhood Development and third parties undertaking work on behalf of Skills Victoria.
Source: Monash Centre of Policy Studies, 2011 (Hume Employment: by ANZSCO occupation, '000 persons, 2010-1 to 2017-8)
16 |
Rental, Hiring and Real Estate Services
VET Education Data
Real Estate Agent
Property Manager
Industry VET Enrolments Age Profile
•
The Rental, Hiring and Real Estate Services industry has experienced an increase in VET
course enrolments across all age groups.
•
Significant growth has been experienced in those aged 20-24.
40
35
30
25
20
2008
15
2011
10
5
0
15 to 19 20 to 24 25 to 29 30 to 34 35 to 39 40 to 44 45 to 49 50 to 54 55 to 59 60 to 64
Source: Data prepared 9 March 2012, Market Analysis team, Skills Victoria.
18 |
65 and
over
Not
stated
Industry VET Course Level and
Diversity
90
80
•
•
•
•
•
•
Growth in VET course enrolments is
attributable to increased enrolments
in the Certificate IV and III level
qualifications.
70
The diploma level course has minor
growth in enrolments.
30
The diversity of students enrolled in
VET courses has declined.
10
There has been significant decrease in
the proportion of disabled students
60
50
2008
40
2011
20
0
Certificate III
Certificate IV
Diploma
10%
9%
The proportion of CALD students has
also decreased slightly.
8%
There is zero indigenous VET students
in the industry in Hume.
5%
2008
4%
2011
7%
6%
3%
2%
1%
0%
Source: Data prepared 9 March 2012, Market Analysis team, Skills Victoria.
19 |
Disabled
Indigenous
CALD
Real Estate Agent
Real Estate Agent: VET Enrolments Age
Profile
•
Real Estate Agents in Hume have experienced an increase in VET course enrolments
across most age groups excluding those aged 45-49.
•
The strongest growth was experienced in those aged 20-24.
25
20
15
2008
10
2011
5
0
15 to 19
20 to 24
25 to 29
30 to 34
35 to 39
40 to 44
45 to 49
50 to 54
Source: Data prepared 9 March 2012, Market Analysis team, Skills Victoria.
21 |
55 to 59
60 to 64
65 and Not stated
over
Real Estate Agent: VET Course and
Diversity
90
80
•
•
•
•
•
Growth in VET course enrolments is
attributable to increased enrolments
in the Certificate IV level qualification
in Property Services (Real Estate).
70
The Certificate III and IV level
qualifications have experienced a
decline in enrolments.
20
The diversity of students enrolled in
VET courses has been variable.
There has been a significant decrease
in the proportion of disabled students
enrolled in VET courses.
The proportion of CALD students has
increased.
60
50
40
2008
30
2011
10
0
Certificate III in
Real Estate
10%
Certificate IV in
Property (Real
Estate Agency
Practice)
Certificate IV in
Property Services
(Real Estate)
9%
8%
7%
6%
5%
2008
4%
2011
3%
2%
1%
0%
Disabled
Source: Data prepared 9 March 2012, Market Analysis team, Skills Victoria.
22 |
Indigenous
CALD
Property Manager
Property Manager: VET Enrolments Age
Profile
•
There is insufficient Hume occupational data to identify Property Manager enrolments in
2008.
•
The majority of students are in the 20-24 year old age group.
16
14
12
10
2008
8
2011
6
4
2
0
15 to 19
20 to 24
25 to 29
30 to 34
35 to 39
40 to 44
Source: Data prepared 9 March 2012, Market Analysis team, Skills Victoria.
24 |
45 to 49
50 to 54
55 to 59
60 to 64
Property Manager: VET Course and
Diversity
60
50
•
•
The majority of Property Manager VET
course enrolments are in the
Certificate III in Property Services
(Agency) qualification.
40
The Certificate IV and Diploma level
courses have minimal students.
10
•
There is a small proportion of CALD
students.
•
There are no indigenous or disabled
students in VET courses.
30
2008
20
2011
0
Certificate III in
Property Services
(Agency)
Certificate IV in
Property Services
(Operations)
Diploma of Property
Services (Asset and
Facility
Management)
2%
2%
1%
1%
1%
2008
1%
2011
1%
0%
0%
0%
Disabled
Source: Data prepared 9 March 2012, Market Analysis team, Skills Victoria.
25 |
Indigenous
CALD
Future direction
What this means?
Rental, Hiring and Real Estate Services is one of the smallest industries in Australia,
employing 211,700 workers (or 1.8% of the total workforce) in 2012.
Over the period from 2006-2010 employment fell by 1.3%. Employment is expected to
increase by 6,700 (or 3.5%) over the next five years.
According to Monash projections employment is expected to decline steadily over the
period to 2014-5 and level out over the 2015-6 period. Employment will recover slightly in
2016-7 but will not return to previous levels.
Between 2006 and 2011 the number of people working as ‘Property Operators and Real
Estate Services’ in the Hume Region increased from 828 to 853, a rise of around 3%.
The industry in Hume has experienced an increase in VET course enrolments across all age
groups. Significant growth has been experienced in those aged 20-24.
Growth in VET course enrolments is attributable to increased enrolments in the Certificate
IV and III level qualifications.
The diversity of students enrolled in VET courses has declined. There has been a significant
decrease in the proportion of disabled students. The proportion of CALD students has also
decreased slightly. There is zero indigenous VET students in the industry in Hume.
27 |
Data Quality and Limitations
The data challenges included:
1.
Different definitions of industries / occupations between ABS, Industry Skills Councils and Monash.
2.
Different Time periods used by different sources
3.
Old Data - ABS Census is now 6 years old. 2011 ABS Census data has been used where available.
4.
Lack of HUME region industry data particularly for industries where employers are predominantly
private sector (e.g. Retail, manufacturing and Transport and Logistics)
5.
Lack of regional Skills Shortage Data – DEEWR lists are at the State level
6.
Changes in name and level of VET qualifications (training packages)
7.
Poor sourcing of data – The data source and date were unclear for some data sources.
Limitation of Liability
This Labour Market Snapshot has been compiled using data which, to the best of Workforce Planning
Australia’s knowledge, was current and correct at the time of printing.
WPA gives no warranty as to the accuracy of the information contained herein nor its applicability to any
specific circumstances. It is intended as a guide only and Workforce Planning Australia will not be liable to
any person as a result of any actual or perceived inaccuracy contained in this report.