The rental, hiring and real estate services industry is projected to have 8,400 new workers enter the workforce by 2028.
Workforce projections: 3-year and 10-year outlook
Workforce projections – industry
Time period | Employment growth | Retirements | New workers expected5 | ||
|---|---|---|---|---|---|
No. | Share | No. | Share | ||
2025 to 2028 | 5,200 | 62% | 3,200 | 38% | 8,400 |
2025 to 2035 | 12,600 | 51% | 12,100 | 49% | 24,700 |
Workforce projections – Victoria
Time period | Employment growth | Retirements | New workers expected5 | ||
|---|---|---|---|---|---|
No. | Share | No. | Share | ||
2025 to 2028 | 143,000 | 38% | 230,000 | 62% | 373,000 |
2025 to 2035 | 650,000 | 45% | 804,000 | 55% | 1,454,000 |
Note: Totals may not sum exactly due to rounding.
New workers expected⁵ by industry subdivision from 2025 to 2028
Industry subdivision | Number of workers | VET | Higher education | No post-school qualifications |
|---|---|---|---|---|
Property operators and real | 7,700 | 33% | 42% | 25% |
Rental and hiring services | 720 | 39% | 22% | 39% |
Occupations with high new workers expected⁵ with direct TAFE study pathways⁶ from 2025 to 2028
Occupation | New workers expected5 | TAFE pathways into occupation6 | Available under Free TAFE7 |
|---|---|---|---|
Real estate sales agents | 2,960 | Certificate IV in Real Estate Practice | - |
Diploma of Finance and Mortgage Broking Management | - | ||
Certificate IV in Finance and Mortgage Broking | - | ||
Other hospitality, retail and service managers | 410 | Higher education qualification required | - |
Land economists and valuers | 300 | Higher education qualification required | - |
Advertising, public relations and sales managers | 250 | Higher education qualification required | - |
Accountants | 180 | Diploma of Accounting | ✓ |
Inner metropolitan (within metropolitan Melbourne) and Barwon (within regional Victoria) are expecting the highest share of new workers
New workers expected⁵ for rental, hiring and real estate services, by region⁸, from 2025 to 2028
New workers expected – industry
| Employment growth | Retirements | New workers expected 2028 | Share of total new workers expected |
|---|---|---|---|---|
Industry | 5,200 | 3,200 | 8,400 | 2% |
New workers expected – Metropolitan Melbourne
| Employment growth | Retirements | New workers expected 2028 | Share of total new workers expected |
|---|---|---|---|---|
Metropolitan Melbourne | 4,800 | 2,700 | 7,500 | 89% |
Inner metropolitan | 1,600 | 750 | 2,300 | 31% |
Western metropolitan | 910 | 420 | 1,300 | 18% |
Inner south-east metropolitan | 660 | 380 | 1,000 | 14% |
Southern metropolitan | 540 | 440 | 990 | 13% |
Eastern metropolitan | 560 | 390 | 950 | 13% |
Northern metropolitan | 530 | 290 | 820 | 11% |
New workers expected – Regional Victoria
| Employment growth | Retirements | New workers expected 2028 | Share of total new workers expected |
|---|---|---|---|---|
Regional Victoria | 410 | 560 | 970 | 11% |
Barwon | 140 | 140 | 280 | 29% |
Gippsland | 110 | 100 | 210 | 21% |
Loddon Campaspe | 90 | 70 | 160 | 17% |
Central Highlands | 40 | 70 | 110 | 11% |
Ovens Murray | 30 | 50 | 80 | 9% |
Goulburn | 40 | 40 | 80 | 8% |
Great South Coast | -10 | 40 | 20 | 2% |
Mallee | -20 | 30 | 20 | 2% |
Wimmera Southern Mallee | 0 | 10 | 10 | 1% |
Note: Totals may not sum exactly due to rounding.
- 89 per cent of new workers expected for the industry will be located within metropolitan Melbourne, with inner metropolitan and Western metropolitan with the highest share of new workers
- 11 per cent of new workers expected for the industry will be located within regional Victoria, with Barwon and Gippsland with the highest share of new workers.
Updated