Rental, hiring and real estate services skills and workforce snapshot
Workforce overview
Victoria’s 17th largest employing industry:
- 55,000 people employed
- 1.5% of the Victorian workforce.
Top employing jobs in the industry:
- Real estate sales agents
- Land economists and valuers.
Workforce profile
- The industry is gender‑balanced, with a higher share of workers aged over 24 compared with other industries
- Around 34% of workers hold a VET qualification (vs 30% statewide), and 39% hold a higher‑education qualification (similar to 41% statewide).
Projections
Victoria’s twelfth highest growing industry:
- 8,400 new workers expected by 2028
- Growing at a rate of 3.1% per year to 2028, higher than the state average
- More than half of new workers needed are due to expected growth in the industry.
Top growing jobs in the industry are:
- Real estate sales agents, +3,000 new workers by 2028
- General clerks, +530 new workers by 2028.
Regional outlook
Regions expecting the highest share of new workers:
- Melbourne: Inner metropolitan Melbourne, +2,300 new workers by 2028
- Regional: Barwon, +280 new workers by 2028.
Skills demand
The top growing jobs in the industry range in skill level requirements:
- Higher-skilled roles within this industry command higher wages and have stronger retention rates.
Most in-demand industry specific skills:
- Real estate sales
- Marketing strategy and techniques.
Skills supply
Popular vocational education and training courses:
- Certificate IV in Real Estate Practice
- Diploma of Property (Agency Management).
Popular university study areas:
- Business management
- Management and commerce.
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