GENERAL NEWS
REAL estate agency valuation directors took home 7% higher pay over the past year as property sector wage rises continued to moderate, while despite interest rates, increasing costs...
The latest Property Industry Remuneration Report from remuneration consultants Avdiev Report – a survey of pay rates and market trends in the property sector – showed a...
Nearly half of the respondents (48%) report that their businesses are performing “well” (26%) or “very well” (22%) in the current environment. A year ago, only 5% said they were...
A further 48% in 2024 state they are faring “moderately”, while only 4% describe their company as performing “badly” or “very badly.”...
The outlook for the next 12 months is positive, with 33% of companies expecting to be performing better, 60% expecting no change and just 7% predicting worse conditions and...
Companies are adapting their strategies to overcome obstacles, which will be critical to maintaining momentum and growth in this current market,” said Debra Moloney, principal of...
The rise in pay for real estate agency valuations directors’ pay, to $193,000 per year, was well above the sector-wide wage increase of 4.3%, which was down from the 5% increase of...
This was the standard full increase for 63% of companies, while 10% offered catch-up adjustments for staff needing market realignment and 23% awarded minimal increases...
Managing remuneration budgets has emerged as the top remuneration issue for property companies. With cost-of-living pressures driving salary expectations, businesses...
While most companies have managed to maintain competitive pay rates, the forecasted median increase of 3.5% over the next year reflects a cautious approach to...
Property development managers saw the next-highest wage increase, at 4.4% (to $182,000). Senior analysts property investment funds and trust managers ($199,000 per year) and...
They were followed closely in annual gains by sales consultants at retirement living and aged care facilities ($83,300), estimating managers in building, design and...
Nearly one-third of companies were under more pressure for pay increases due to higher cost, and nearly seven in 10 businesses expect the standard increase in...
Regulations granting employees the right to disconnect has had minimal impact on the majority of companies (91%).