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The demand for real estate and property jobs, and banking and financial services jobs declined in June noted by a fall in job advertisements for both sectors’, according to the latest employment report from Seek.
In particular, job ads for real estate and property were down by an annualised 13%, while those in banking and financial services fell by 16%. These figures stand in stark contrast to the overall growth in job ads, which increased by 8.2%.
Further data showed job ads in real estate and property have been trending down since September 2017, reflecting the cooling of the market. The roles that have been hit the hardest are across sales.
On a state-by-state view, QLD saw the largest decline, with adverts down by 24%. Elsewhere, adverts declined by 22% in WA, 11% in Victoria and 10% in NSW.
"The fall in new home dwelling sales across the major cities has directly impacted the demand for residential property sales roles, which makes up one fifth of all job ads in the real estate and property sector – the balance comprising from property management, residential leasing and administration roles,” said Seek regional MD, Kendra Banks.
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