Recession-Proof Your Career with Real Estate

Buyers, Careers, Sellers, Tenants,  Buyers and sellers

The Australian job market has been rocked by the pandemic, with unemployment currently sitting at 5.7% in Queensland and 6.2% nationally, the prediction the latter will rise to as much as 10%, causing the economy to dive head first into a recession. In taking a closer look at forecasting, 10% represents 1.4 million people, according to Business Insider, with a large chunk made up of industries focused on tourism, retail, entertainment and hospitality. The reason for this is twofold – firstly, a high reliance on crowds and large social gatherings and secondly, spending based on discretionary privilege over necessity. We can all live without these ‘perks’ so to speak – and rightly so, most folks have swapped out life’s ‘luxuries’ for the bare essentials – more concerned with preserving what cash on hand they have.

In overview, employment Australia (ABS, May 2020) decreased 594,300 to 12,418,700 people. Full-time employment decreased 220,500 to 8,656,900 people and part-time employment decreased 373,800 to 3,761,800 people. As a further breakdown, last month also saw:
• Unemployment increase 104,500 to 823,300 people.
• Unemployment rate increase 1.0 pts to 6.2%.
• Underemployment rate increase 4.9 pts to 13.7%
• Underutilisation rate increase 5.9 pts to 19.9%.
• Participation rate decrease by 2.4 pts to 63.5%.
• Monthly hours worked in all jobs decreased 163.9 million hours to 1,625.8 million hours.

They say the safest jobs are those deemed ‘essential service.’ But what are essential services? It’s almost a rhetorical question for aren’t all of our jobs essential? And, who gets to decide what is and isn’t essential? While the REIQ continues to advocate for real estate to be recognised as an essential service, it’s based on its very definition – “something necessary, indispensable, or unavoidable.” For real estate, it’s the economy, employment (being the State’s second largest employer), consumer confidence, government revenue (via stamp duty), property management and of course the provision of shelter to name just a few. This is reflected in the robust stability showed by the Australian property market time and time again. Housing is resilient, and that resilience protects the workers in the industry.

The Prime Minister has used the word “essential” when describing workers, public gatherings, services and businesses that were still permitted during lockdowns and more recently with the easing of restrictions. However, with no precedents to rely upon, there was no prescribed list of ‘essential’ and ‘non-essential’ industries. Instead, it’s been a moving target that’s constantly evolving. And that can be confusing. Remember when the Federal Government limited “shopping for what you need, food and other essential supplies”…then the Prime Minister highlighted his wife’s purchase of a number of jigsaw puzzles for the family as “absolutely essential.”

SEE ALSO: Unsure if a career real estate is right for you? Talk to a career coach today!

Property managers across Queensland bore the brunt of essentiality more than anyone else. As the pandemic continues to affect our daily lives, tenants and landlords have relied upon their property managers to provide swift, helpful communication across more than what’s required of the role while juggling the role of go-between for rent negotiations, lease renewal anxiety and general pandemic-era uncertainty, making them some the most over-worked staff in the current environment. Even in the case of sales agents, sellers may have retreated but they still need to earn a living. Translation: Any downturn in business requires creative thinking and clever strategies in order to forge ahead. Luckily, everyone needs a roof over their head so real estate will always transact regardless of most circumstances.

But the safety of working in real estate goes well beyond its essential nature – it actually offers a flexible occupational pace that can benefit both you and your clientele. Sure, being fleet of foot allows you to pick and choose your hours in and out of the office, work from home or while out and about as you wheel and deal, or manoeuvre your career around a diary jam-packed with commitments. But a career in real estate is more than that. It’s about working wherever you need to be, using the right tech to keep you functioning for what matters most: Clients, prospects, colleagues and co-workers. Set this against the latest news regarding market conditions and updates, price guides and property comps as well as sales pitches which can often be won in a matter of minutes, and you start to get an idea Timing is everything and a response in the moment can make all the difference. So, is the time right for you?

Even with a recession looming, you can still leverage a career in real estate. That may sound all well and good for those already working in the industry, but for those currently struggling it’s oftentimes difficult seeing any light at the end of the tunnel. Fortunately the REIQ can help with its fully online training courses – an entry-level registration program can be completed within a couple of weeks and allows anybody to become part of an industry largely insulated against most economic conditions. If you’ve lost job security or income as a result of the COVID-19 pandemic, consider a move into a more interesting industry and re-secure your future today. Visit the REIQ for more information about careers in real estate and the full suite of training programs on offer.

 

Here’s what others have to say

Helpful staff. Useful networking events and training videos.
Eagle Real Estate
Eagle Real Estate
02:27 25 Jul 18
Katie Cotton
Katie Cotton
10:04 31 Oct 17
I wasnt sure that I would get through the Agents and Licence course with everything I had on, made an attempt a year ago with another provider that went totally pear shaped but the REIQ course is structured in a way that made sense. While all of their trainers are experts in their field, they offer onsite student support on Tuesdays with Rachel providing the right advice and reassurance to get you there, even if you havent studied for a while. If you've ever wanted a career in Real Estate this is where you get started!
Lynette Nitson
Lynette Nitson
01:48 13 Jan 20
Recently I completed the Real Estate Licensing course at REIQ and was blown away by the help and support provided by Ms. Connie McKee who is a trainer at REIQ. Connie is very professional and has years of knowledge and work experience in the Real Estate Industry.I am glad I chose REIQ as my pathway into the Real Estate Industry.
Kaizan Irani
Kaizan Irani
00:23 30 May 19
Blake Richard
Blake Richard
01:34 05 Mar 18
Liam Hanlon
Liam Hanlon
12:06 05 Sep 17
Michelle Wright
Michelle Wright
04:07 26 Feb 18
Jodie was an amazing help throughout the training. We had a few technical issues and I knew that I could call and get it sorted alongside her. She was always supportive and no task was ever a bother for her. Thanks again Jodie !!
Kirsty Bohn
Kirsty Bohn
04:40 30 Jun 21
I would like to share with you our experience that we have recently had through the REIQ Professional Development Team.We have had an awesome start to 2020 thanks to the great service provided by the REIQ Professional Development Team. Congratulations to Liz who started and finished her Certificate of Registration Course with the REIQ in December 2019. She loved the training, particularly the fact the trainers are experienced and still walk the talk and are active in real estate. Fast turnaround for marking of the assessments with help on hand by way of tutoring if needed meant she could get the Application to Office of Fair Trading for her registration happening quickly. We are thrilled, from start to finish with the course and application to Fair Trading she had her Certificate of Registration within 5 weeks. Really impressed with the training, help and support team REIQ gave Liz and the quick processing time by the Office of Fair Trading.We also regularly use the Property Management Support Service and General Agency Advice Service and believe it offers great value for our membership. The PMSS team provide practical advice by practising property management professionals who can relate to the everyday challenges property managers face.Keep up the good work Team REIQ,
RE/MAX Ignite
RE/MAX Ignite
05:56 21 Jan 20
Great staff that are always helpful.
Kensington Ràpoza
Kensington Ràpoza
11:20 28 Dec 19
Great training course was very informative. I feel I gained lots of knowledge and there is a lot of support from the REIQ team online, via phone and in person and am looking forward to starting my career in the real estate industry!
Laura Stills
Laura Stills
08:14 22 Oct 20
Jason Bond
Jason Bond
10:29 19 Jun 18
Welcoming and friendly staff, always available to support their members. The Property Management Support Team is particularly helpful. Well worth the subscription fees just to have access to advice from these experienced practitioners.
Laura Valenti
Laura Valenti
21:29 16 Jun 18
Jacqui McKeering
Jacqui McKeering
02:01 08 Mar 18
Good course. Materials and tools given to finish the course easily. Was no problem to finish. Support is there if needed it.
Jade Dodds
Jade Dodds
09:11 09 Oct 20
Had Melissa Sullivan conducting the sales registration course for the past two days I have to say I think this woman is inspiring she kept the class focused and engaged throughout the two days. I dont normally complete surveys but felt that I wanted to share that this lady has inspired me to give sales ago and I never thought i would say that as i have been a PM and honestly never thought I could see myself as a sales agent... Thanks Mel for such a great two days
Karen Riddell
Karen Riddell
07:04 03 Aug 17
Adam Milton
Adam Milton
01:52 22 Nov 17
Haydn Denovan
Haydn Denovan
02:51 20 Mar 18
Gerry MacKenzie
Gerry MacKenzie
06:53 12 Oct 20
Tina Nenadic
Tina Nenadic
12:57 02 Mar 18
Great friendly environment
David Priest
David Priest
22:47 19 Nov 19
Proud to be a member of such a prestigious organisation. Thank You for the support 🏡
Jamie Smith
Jamie Smith
07:28 07 Mar 18
Recently completed my Licence course and thoroughly enjoyed the in-class tutorials taught by highly professional trainers with many years of industry experiences. The student support that is available every Tuesday is an extremely helpful resource, again with very experienced trainers to ensure you get the right advice the first time. REIQ has really structured the entire full Licence course end to end thoughtfully, especially when you’re new to this industry. Highly recommended!
Julian Phua
Julian Phua
07:01 02 Oct 19
Just done two days interactive training with Melissa Sullivan. Sensational! Such a great presenter and electric delivery of material. Quick paced and hands-on!Very glad to have been in this class!!! Awesome
Miles Griffiths
Miles Griffiths
07:01 26 Jun 18
Very impressed with the trainers that I have had for the past 3 days. Each individual trainer was very helpful and made sure that everyone in the class understood everything before we progressed through the modules.
Shannon Goldsworthy
Shannon Goldsworthy
04:34 23 Oct 19
I cannot recommend REIQ enough. The training, environment & staff were beyond my expectations. A special mention for Rachael who is a trainer at REIQ. Rachael knows her stuff. Her knowledge of the industry and style of delivery helped me get across the line and score my dream job.
Paul Conway
Paul Conway
05:11 15 Jan 20
I found the REIQ Real Estate Licence Online Training Course was very good, easy to access, with brilliant course materials to read and assignments that really checked on your understanding of the details of every aspect of real estate practise. I enjoyed the course even though it took a few months due to working full time and found the support of the trainers and assessors very helpful and encouraging. Thanks REIQ Training team for helping me through!
Lindy Lear
Lindy Lear
10:47 18 Oct 20
In February I decided to take steps to buy management rights to a unit complex. As I have not studied for some time I chose REIQ to do my RLA course. Initially I didn’t engage the help through student support but it came to a point I needed some assistance. Selina Randall and Connie McKee were wonderful help. I personally feel they went over and beyond to help me complete the course and enable me to follow through with final settlement of the new business in just a few weeks Thank you so very much ladies. You were both amazing
Irmy Thomas
Irmy Thomas
06:35 18 Jun 21
I contacted REIQ, as I wanted to upgrade my real estate licence to a full licence. I have now completed the necessary upgrade and I just wanted to thank all the staff and trainers who were my guides during this time. Particular mention to Rachael Wilschefski who did everything she could to help me and was a joy to talk to, Trudi Fleet was a fantastic support to me and a big thank you to the assessing team. If anyone is considering using REIQ to get their licence or upgrade, I highly recommend using REIQ. Once again, thank you. Helen Knight
Helen Knight
Helen Knight
00:31 05 Mar 21

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